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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Apartment buildings
13301 State 5th E Hwy Sumner, WA 98390
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-0671691
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2010
Construction
WOOD FRAME
Total area
9,828 SF
Lot
5.8 ac (252,648 SF)
Zoning code
RM-20
APN
420261050
UPID
US90-0671691
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
$1.06M
CAP Approach
CAP
$1.83M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.31M
Owner & transaction history
Riverside Park Apartments LLC · 11 yrs held
Riverside Park Apartments LLC
since 2014
7 recorded transactions
Zoning & alternative use
RM-20 · 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
$1,055,000
CAP Approach
CAP Return
Estimation
6%
$1,980,000
6.5%
$1,830,000
7%
$1,700,000
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$133 / 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
$203,820
Tax year 2024
Assessed value
$20,638,000
Assessed 2024
Previous assessed
$20,638,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$7,743,200
Assessed improvement
$12,894,800
Land market value
$7,743,200
Improvement market value
$12,894,800
Total market value
$20,638,000
Applied tax rate
96.0000
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 (100+ UNITS)
Status
Off-Market
Year built
2010
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
6
Stories
3
Units
9
Total area
9,828 SF
Lot
5.8 ac (252,648 SF)
Zoning code
RM-20
APN
420261050
UPID
US90-0671691
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Sumner, WA
Zoning RM-20 · permitted uses
RM-20 · 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
2010
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Buildings
6
Units
9
Lot
5.8 ac
Current owner
From public records · entity-resolved
Riverside Park Apartments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1302 PUYALLUP ST STE A, SUMNER, WA 98390-1604
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Riverside Park Apartments LLC
—
Deed
related
$75,000,000 · The Northwest Mutual Life Insurance
Sep 29, 2017
—
Riverside Park Apartments LLC
—
Grant Deed
related
$10,190,000 · Northmarq Cap Fin
Sep 30, 2014
—
Riverside Park Apartments LLC
Riverside Park III LLC
Quit Claim Deed
—
Oct 16, 2008
—
Riverside Park III LLC
—
Trustees Deed
related
$9,252,000 · Wells Fargo Bank
Dec 26, 2007
$650,000
Riverside Park III LLC
Jacobs,barbara J
Warranty Deed
$734,500 · First Horizon Home Loan Corp
—
—
Riverside Park III LLC
—
Deed Of Trust
related
$7,500,000 · Wells Fargo Bank
—
—
Riverside Park III LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bank
—
—
Riverside Park III LLC
—
Deed Of Trust
related
$9,252,000 · Wells Fargo 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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