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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
1105 Main St 1107 Sumner, WA 98390-1414
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1276057
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,165 SF
Lot
0.13 ac (5,800 SF)
Zoning code
CBD
APN
7985000250
UPID
US90-1276057
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$500k
Blend (final)
Blend
$650k
Owner & transaction history
Waring LLC · 1 yrs held
Waring LLC
since 2024
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
Method
Estimation
Statistic approach
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$5,964
Tax year 2024
Assessed value
$576,500
Assessed 2024
Previous assessed
$576,500
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$241,900
Assessed improvement
$334,600
Land market value
$241,900
Improvement market value
$334,600
Total market value
$576,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,165 SF
Lot
0.13 ac (5,800 SF)
Zoning code
CBD
APN
7985000250
UPID
US90-1276057
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Sumner, WAZoning CBD · permitted uses
CBD · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Waring LLC
Entity
Mailing address
1107 MAIN ST, SUMNER, WA 98390-1414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Waring LLC
Lob 60 LLC
Warranty Deed
—
Oct 21, 2021
$375,000
Waring LLC
Lob 60 LLC
Land Contract
—
Oct 3, 2016
—
L O B 60 LLC
—
Deed
related
$414,914 · Us Bank NA
Jan 16, 2007
—
Lob 60 LLC
Morse,lance L & Amber D
Quit Claim Deed
related
—
Nov 22, 2000
$245,000
Lance L Morse
Armbrecht,heinz H
Grant Deed
$122,369 · Seller
Nov 21, 1994
$152,000
Heinz H Armbrecht
Riffle,laura M
Grant Deed
$122,000 · Seller
—
—
Lob 60 LLC
—
Deed Of Trust
related
$469,831 · Horizon Bank
—
—
L O B 60 LLC
—
Deed Of Trust
related
$147,117 · Horizon Bank
—
—
Lob 60 LLC
—
Deed Of Trust
related
$408,071 · Horizon Bank
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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