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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Warehouses
14303 16th E St, Sumner, WA 98390-9633
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0893959
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
WOOD FRAME
Total area
3,456 SF
Lot
2.45 ac (106,722 SF)
Zoning code
M1
APN
420018003
UPID
US90-0893959
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
$3.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$3.38M
Owner & transaction history
City Of Sumner · 2 yrs held
City Of Sumner
since 2023
Last sale
$4.0M
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
$3,375,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $4.03M (Dec 29 2023)
Last sale anchor
$4.03M
Dec 29 2023
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
$977 / 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
$15,135
Tax year 2024
Assessed value
$1,464,700
Assessed 2024
Previous assessed
$1,464,700
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,274,900
Assessed improvement
$189,800
Land market value
$1,274,900
Improvement market value
$189,800
Total market value
$1,464,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
3,456 SF
Lot
2.45 ac (106,722 SF)
Zoning code
M1
APN
420018003
UPID
US90-0893959
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
1987
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
City Of Sumner
Entity
Mailing address
1104 MAPLE ST, SUMNER, WA 98390-1407
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
Sep 16, 2024
—
City Of Sumner
—
Deed
related
—
Dec 29, 2023
—
City Of Sumner
David J Morin
Warranty Deed
—
Jun 4, 2020
—
David J Morin
Donald Morin
Quit Claim Deed
related
—
Mar 29, 2018
—
Donald Morin
—
Deed
related
$1,000,000 · Columbia State Bank
Mar 21, 2018
$1,200,000
Donald Morin
Morin,david J
Quit Claim Deed
related
—
Mar 21, 2018
—
David J Morin
Morin Properties I LLC
Quit Claim Deed
related
—
May 16, 2007
—
Morin Properties I LLC
Morin,donald & Ida
Quit Claim Deed
related
—
Aug 25, 1989
$164,000
Paul D Vogelheim
Unknown
Grant Deed
—
—
—
Paul D Vogelheim
—
Deed Of Trust
related
$152,000 · Community West Mortgage INC
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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