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Property profile & analytics
FOR LEASE
Warehouses
14513 32Nd St E Sumner, WA 98390
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2590568
For Lease
$15,000/Mo
14513 32Nd St E, Sumner, WA 98390
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
64,368 SF
Lot
3.19 ac (138,956 SF)
Zoning code
M1
APN
420124065
UPID
US90-2590568
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
-
OMADA International Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.90M
Owner & transaction history
Bixby Land Co · 10 yrs held
Bixby Land Co
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$123 / 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
$104,433
Tax year 2024
Assessed value
$10,113,600
Assessed 2024
Previous assessed
$10,113,600
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$3,405,500
Assessed improvement
$6,708,100
Land market value
$3,405,500
Improvement market value
$6,708,100
Total market value
$10,113,600
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
For Lease
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
64,368 SF
Lot
3.19 ac (138,956 SF)
Zoning code
M1
APN
420124065
UPID
US90-2590568
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.19 ac
Current owner
From public records · entity-resolved
Bixby Land Co
Entity
Mailing address
1501 QUAIL ST STE #230, NEWPORT BEACH, CA 92660-2740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
—
Bixby Land Co
—
Deed
related
$4,400,000 · Miscellaneous Ins Co
Jan 21, 2016
—
Bixby Land Co
Pfiilp-32nd St East LLC
Grant Deed
related
—
Dec 22, 2015
$7,773,368
Bixby Land Co
Pfiilp-32nd St East LLC
Grant Deed
—
Nov 13, 2015
—
City Of Sumner
Pfiilp-32nd St East LLC
Warranty Deed
related
—
May 14, 2014
$999,719
Pfiilp 32nd St East LLC
Larsen Land Company LLC
Special Warranty Deed
—
Mar 12, 2010
—
Larsen Land LLC
Rivers Edge Prof Park LLC
Quit Claim Deed
related
—
Dec 19, 2007
$1,355,325
Rivers Edge Prof Park LLC
Larsen Land LLC
Warranty Deed
$1,205,325 · Tax Deferred Exchange Svcs INC
Aug 23, 2004
$350,000
Larsen Land LLC
Klopstad,j M & D R
Warranty Deed
—
—
—
Bixby Land Co
—
Deed Of Trust
related
$110,000,000 · Miscellaneous Ins Co
—
—
Pfiilp-32nd St East LLC
—
Loan Modification
related
$4,037,000 · Sovereign Bk
—
—
Bixby Land Co
—
Deed Of Trust
related
$4,400,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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