Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14000 24Th St E Sumner, WA 98390
    Back to Search
    Property profile & analytics

    14000 24Th St E Sumner, WA 98390

    View on Map
    • Warehouses
    • 385,468 SF
    • 18.22 lot acres
    For Lease
    $0.70 SF/Yr
    View Listing →
    Sumner Warehouse Space Available For Lease
    $0.70 SF/Yr
    101,559 SF

    Sumner Warehouse Space Available

    101,559 SF warehouse space available for sublease.

    14000 24th St E, Sumner, WA
    View Listing
    Property ID
    US90-2015488
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GVS America / Warehouse & Storage
    • Mobis- Hyundai / Warehouse & Storage
    • CTE Logistics / Warehouse & Storage
    • Diadora Soccer / (Bike/Boat/Book/etc) Store

    Property Details for 14000 24Th St E

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    18.22 lot acres
    Property size
    385,468 SF
    Property type
    Warehouses
    APN
    420123065
    APU
    420123065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.243
    Latitude
    47.2345
    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
    $571,505
    $17,952,700
    $37,398,300
    $55,351,000
    -
    $17,952,700
    $37,398,300
    $55,351,000

    Comparable in this City

    • Value Estimation by Request
      1.40 Acres

      2201 140th E Ave

      WAREHOUSE, STORAGE • 1.40 Acres
      2201 140th E Ave, Sumner, WA 98390-9711
      View Details
    • Value Estimation by Request
      3.54 Acres

      14103 Stewart Rd

      WAREHOUSE, STORAGE • 3.54 Acres
      14103 Stewart Rd, Sumner, WA 98390-9641
      View Details
    • Value Estimation
      $830,000
      6.44 Acres

      14217 Stewart Rd

      WAREHOUSE, STORAGE • 6.44 Acres
      14217 Stewart Rd, Sumner, WA 98390-8501
      View Details
    • Value Estimation
      $810,000
      20.26 Acres

      14585 Stewart Rd

      WAREHOUSE, STORAGE • 20.26 Acres
      14585 Stewart Rd, Sumner, WA 98390-8003
      View Details
    • Value Estimation
      $800,000
      12.62 Acres

      14545 Stewart Rd

      WAREHOUSE, STORAGE • 12.62 Acres
      14545 Stewart Rd, Sumner, WA 98390-9658
      View Details
    • Value Estimation
      $16,145,000
      187,314 SF

      13608 Cannery Way

      WAREHOUSE, STORAGE • 187,314 SF
      13608 Cannery Way, Sumner, WA 98390
      View Details

    Similar Nearby for Sale

    • $3,300,000
      7,339 SF

      Sumner Industrial Property For Sale

      Two-building industrial property in Sumner, WA, with leaseback options.
      1504 Fryar Ave, Sumner, WA 98390
      View Details
    • $38,200,000

      Sumner Warehouse/Manufacturing Facility For Sale

      159,250 SF warehouse/manufacturing facility with convenient access to SR-167.
      1607 136Th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing
      72,450 SF

      Sumner Warehouse Space Available

      72,450 SF warehouse/industrial space for lease in Sumner, WA.
      1615 Puyallup St, Sumner, WA 98390
      View Details
    • Contact for pricing

      Sumner Warehouse Space Available

      20,000 SF dry storage space for sublease in Sumner.
      14513 32Nd St E, Sumner, WA 98390
      View Details
    • Contact for pricing

      77,500 SF Industrial Building

      100% leased industrial building in Sumner, Washington.
      1515 Puyallup St, Sumner, WA 98390
      View Details

    Similar Nearby for Lease

    • $50,603
      64,055 SF

      Sumner Warehouse with High Clearance

      64,055 SF warehouse with excellent access to SR 167.
      4101 150Th Avenue Ct E, Sumner, WA 98390
      View Details
    • Contact for pricing
      476,362 SF

      Sumner Warehouse with Spec Office

      476,362 SF warehouse with spec office, available Q3 2025.
      14802 Stewart Rd SE, Sumner, WA 98390
      View Details
    • Contact for pricing
      152,919 SF

      Sumner Warehouse Space Available

      152,919 square foot warehouse space for lease.
      2201 140Th Ave E, Sumner, WA 98390
      View Details
    • $440 /Mo
      1,321 SF

      New Class A Warehouse Space

      New Sumner warehouse with grade level loading.
      2003 136Th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing

      Sumner Commercial Space For Rent

      Commercial space in Sumner's industrial corridor, ideal for contractors.
      16723 78Th Street Ct East, Sumner, WA 98390
      View Details
    • $15,000 /Mo
      20,000 SF

      Sumner Warehouse Space Available

      20,000 SF warehouse space available for rent.
      14513 32Nd St E, Sumner, WA 98390
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14000 24Th St E
    Sumner, WA 98390
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14000 24Th St E, Sumner, WA, 98390
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!