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    13301 State 5th E Hwy Sumner, WA 98390
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    Property profile & analytics

    13301 State 5th E Hwy, Sumner, WA 98390

    View on Map
    • Apartment buildings
    • 9,828 SF
    • 5.80 lot acres
    Off-Market
    Property ID
    US90-0671691
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,310,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 13301 State 5th E Hwy

    Year built
    2010
    Construction
    WOOD FRAME
    Lot size
    5.80 lot acres
    Zone code
    RM-20
    Property type
    Apartment buildings
    APN
    420261050
    APU
    420261050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2024 — Riverside Park Apartments LLC — Deed · related $75M · The Northwest Mutual Life Insurance
    Sep 29, 2017 — Riverside Park Apartments LLC — Grant Deed · related $10.2M · 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 $9.3M · Wells Fargo Bank
    Dec 26, 2007 $650,000 Riverside Park III LLC Jacobs,barbara J Warranty Deed $735k · First Horizon Home Loan Corp
    — — Riverside Park III LLC — Deed Of Trust · related $7.5M · Wells Fargo Bank
    — — Riverside Park III LLC — Deed Of Trust · related $3M · Wells Fargo Bank
    — — Riverside Park III LLC — Deed Of Trust · related $9.3M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,055,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,980,000
      6.5%
      $1,830,000
      7%
      $1,700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,044,000
      Market price range: $510k - $1.04M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.256
    Latitude
    47.1968
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $203,820
    $7,743,200
    $12,894,800
    $20,638,000
    -
    $7,743,200
    $12,894,800
    $20,638,000

    Comparable in this City

    • Value Estimation
      $600,000
      3,728 SF

      15909 52nd E St

      APARTMENT HOUSE (5+ UNITS)
      15909 52nd E St, Sumner, WA 98390-3138
      View Details
    • Value Estimation by Request
      3,180 SF

      1416 Bonney Ave

      APARTMENT HOUSE (5+ UNITS)
      1416 Bonney Ave, Sumner, WA 98390-2105
      View Details
    • Value Estimation
      $1,405,000
      6,380 SF

      1103 Thompson St

      APARTMENT HOUSE (5+ UNITS)
      1103 Thompson St, Sumner, WA 98390-1351
      View Details
    • Value Estimation
      $530,000
      3,536 SF

      1412 Vly E Ave

      APARTMENT HOUSE (5+ UNITS)
      1412 Vly E Ave, Sumner, WA 98390-2701
      View Details
    • Value Estimation
      $540,000
      3,296 SF

      15423 Washington St

      APARTMENT HOUSE (5+ UNITS)
      15423 Washington St, Sumner, WA 98390-3234
      View Details
    • Value Estimation
      $540,000
      3,296 SF

      15515 Washington St

      APARTMENT HOUSE (5+ UNITS)
      15515 Washington St, Sumner, WA 98390-3238
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      View Details
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      Sumner Industrial Property For Sale

      Two-building industrial property in Sumner, WA, with leaseback options.
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      Downtown Sumner Building Opportunity

      Residential lot for single-story home construction in downtown Sumner.
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      View Details
    • $1,100,000
      2,400 SF

      Restaurant and Cafe Space

      2,400 SF free-standing restaurant and cafe space for sale.
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      View Details
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      Prime Location Drive-Through Opportunity

      Drive-through QSR location near Highway 410 and WinCo.
      6709 166Th Ave E, Sumner, WA 98390
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space Available for Lease

      Retail and office spaces available for lease.
      15005 Main St E, Sumner, WA 98390
      View Details
    • Contact for pricing
      147,289 SF

      Sumner Yard Space Available

      Up to 7 acres of yard space for rent.
      3012 142Nd Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing
      103,191 SF

      Sumner Warehouse with Dock Doors

      103,191 SF warehouse featuring 25 dock-high doors.
      14000 24Th St E, Sumner, WA 98390
      View Details
    • $3,870 /Mo
      1,548 SF

      Retail Space in Sumner, WA

      1,548 SF retail space with highway access and parking.
      16290 Auto Ln, Sumner, WA 98390
      View Details
    • $0.70 SF/Yr

      Sumner Warehouse with SR 167 Access

      101,559 SF warehouse with immediate access to SR 167.
      14000 24Th St E, Sumner, WA 98390
      View Details
    • Contact for pricing
      175,000 SF

      New Class A Industrial Space

      New industrial development with excellent access to major routes.
      14545 Steward Rd Southeast, Sumner, WA 98390
      View Details
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    Sumner, WA 98390
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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