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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Apartment buildings
1101 Main St, Sumner, WA 98390-1414
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0963579
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
0.14 ac (5,974 SF)
Zoning code
CBD
APN
7985000240
UPID
US90-0963579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
JoJo + CoCo Boutique Sumner Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$765k
Owner & transaction history
Adam Grapenthin · 6 yrs held
Adam Grapenthin
since 2019
7 recorded transactions
Zoning & alternative use
CBD · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sumner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sumner submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,510
Tax year 2024
Assessed value
$920,000
Assessed 2024
Previous assessed
$920,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$248,300
Assessed improvement
$671,700
Land market value
$248,300
Improvement market value
$671,700
Total market value
$920,000
Applied tax rate
117.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Total area
6,000 SF
Lot
0.14 ac (5,974 SF)
Zoning code
CBD
APN
7985000240
UPID
US90-0963579
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Sumner, WA
Zoning CBD · permitted uses
CBD · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sumner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Adam Grapenthin
Individual
Mailing address
13101 OLALLA VLY RD SE, OLALLA, WA 98359-9758
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
—
Adam Grapenthin
—
Deed
related
$505,000 · Washington Fed'l Bk
Dec 12, 2019
$795,000
Adam Grapenthin
Berryland Building LLC
Warranty Deed
—
Mar 14, 2017
—
Berryland Building LLC
—
Deed
related
$60,000 · Us Bank NA
Jul 7, 2016
—
Berryland Building LLC
—
Deed
related
$250,000 · Us Bank NA
Apr 14, 2010
—
Berryland Building LLC
Hansen,lola
Quit Claim Deed
related
—
May 31, 2006
$550,000
Lola Hansen
Mccurty Nancy Living Trust
Grant Deed
$341,250 · Zions First National Bank
Apr 18, 2000
$337,386
Mcgurty Trust
Singer,david & Yong Y
Grant Deed
$105,000 · Seller
Dec 3, 1997
$240,000
David R Singer
Melville & Drake
Grant Deed
$64,748 · Seller
Oct 26, 1992
$230,000
Melville & Blake Partnership
Unknown
Grant Deed
—
—
—
Adam Grapenthin
—
Deed Of Trust
related
$505,000 · Washington Fed'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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