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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
1402 Vly E Hwy, Sumner, WA 98390-9575
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1669135
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2016
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.14 ac (49,441 SF)
Zoning code
M1
APN
9520000236
UPID
US90-1669135
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
-
Western Self Storage Storage Facility
-
Lake Tapps Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$580k
Owner & transaction history
City Of Sumner · 3 yrs held
City Of Sumner
since 2023
7 recorded transactions
Zoning & alternative use
M1 · 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
$455,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$116 / 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
$25,453
Tax year 2024
Assessed value
$2,595,600
Assessed 2024
Previous assessed
$2,595,600
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$956,500
Assessed improvement
$1,639,100
Land market value
$956,500
Improvement market value
$1,639,100
Total market value
$2,595,600
Applied tax rate
119.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Bathrooms
2
Total area
5,000 SF
Lot
1.14 ac (49,441 SF)
Zoning code
M1
APN
9520000236
UPID
US90-1669135
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Sumner, WA
Zoning M1 · permitted uses
M1 · 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
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Bathrooms
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
City Of Sumner
Entity
Mailing address
2008 E VLY HWY E, SUMNER, WA 98390-9579
Ownership since
2023
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
Dec 28, 2023
—
Western Self Storage LLC
—
Deed
related
$1,000,000 · Heritage Southeast Bank
Apr 13, 2023
—
City Of Sumner
Western Self Storage LLC
Deed
—
Aug 9, 2022
—
Western Self Storage LLC
—
Deed
related
$500,000 · Heritage Southeast Bank
Jan 14, 2022
—
Western Self Storage LLC
Gary G Petersen
Correction Deed
related
$3,000,000 · Heritage Southeast Bank
Mar 5, 2021
—
Western Self Storage LLC
Gary G Petersen
Quit Claim Deed
related
—
May 1, 2013
—
Western Self Storage LLC
—
Deed Of Trust
related
$1,497,000 · Northwest Busn Dev Assn
Mar 26, 2010
—
Western Self Storage LLC
—
Deed Of Trust
related
$3,049,384 · Frontier Bank
May 28, 2009
—
Western Self Storage LLC
—
Deed Of Trust
related
$2,000,000 · Frontier Bank
May 20, 1999
—
Western Self Storage LLC
P & R Associates LP
Grant Deed
$1,700,000 · Frontier 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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