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Property profile & analytics
OFF-MARKET
Estimated value
$26,795,000
Apartment buildings
14624 72nd E St Sumner, WA 98390-5517
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1612179
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Construction
WOOD FRAME
Total area
95,632 SF
Lot
7.59 ac (330,620 SF)
Zoning code
HDR
APN
420254072
UPID
US90-1612179
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
-
Lacey Mona' Hair Salon Hair Salon
-
Townhomes at Mountain View- Sumner Apartment Building Apartment Complex
-
Family Transportation Llc Freight Service Logistics Company
-
BRV Remodeling Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.81M
Comparable Approach
Comparable
$25.45M
Blend (final)
Blend
$26.80M
Owner & transaction history
Ta Sumner Fee Owner LLC · 4 yrs held
Ta Sumner Fee Owner LLC
since 2021
Last sale
$27.3M
7 recorded transactions
Zoning & alternative use
HDR · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$44.1M
+54.9%
Commercial (general)
$41.0M
+44.1%
Neighborhood: shopping center
$40.8M
+43.4%
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
$27,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,285,000
6.5%
$17,805,000
7%
$16,530,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,435,000
Current use
RESTAURANT
$44,055,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$40,970,000
Change: +44% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$40,760,000
Change: +43% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$40,370,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$35,140,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$29,285,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$28,535,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$26.80M
Range $24.12M – $29.47M · ±10% · vs last sale $27.34M (Oct 26 2021)
Last sale anchor
$27.34M
Oct 26 2021
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
$280 / 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
$183,203
Tax year 2024
Assessed value
$17,742,600
Assessed 2024
Previous assessed
$17,742,600
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$7,474,000
Assessed improvement
$10,268,600
Land market value
$7,474,000
Improvement market value
$10,268,600
Total market value
$17,742,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
56
Total area
95,632 SF
Lot
7.59 ac (330,620 SF)
Zoning code
HDR
APN
420254072
UPID
US90-1612179
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
HDR · Sumner, WA
Zoning HDR · permitted uses
HDR · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$28.4M
RESTAURANT
Est. value
$44.1M
COMMERCIAL (GENERAL)
Est. value
$41.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.8M
INDUSTRIAL (GENERAL)
Est. value
$40.4M
AUTO REPAIR, GARAGE
Est. value
$35.1M
RETAIL STORES
Est. value
$29.3M
WAREHOUSE, STORAGE
Est. value
$28.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
56
Lot
7.59 ac
Current owner
From public records · entity-resolved
Ta Sumner Fee Owner LLC
Entity
Mailing address
333 S GRAND AVE FL, LOS ANGELES, CA 90071-1504
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2021
$27,338,810
Ta Sumner Fee Owner LLC
Sumner Townhomes Fee Owner LLC
Special Warranty Deed
$61,506,900 · Wells Fargo Bank NA
Sep 16, 2019
$18,300,000
Sumner Townhomes Fee Owner LLC
Vth Property Owner Dst
Grant Deed
$13,725,000 · Cbre Cap Markets
Jul 31, 2008
$9,119,370
Valley Townhomes Sub Dst II
Valley Townhomes II LLC
Deed Of Trust
related
$5,959,000 · Wells Fargo Bank
Jun 5, 2008
—
City Of Sumner
Valley Townhomes II LLC
Quit Claim Deed
related
—
Sep 1, 1995
$375,000
David E Qunell
Ryan,lewis H & Mary E
Grant Deed
$3,608,000 · Timberland Savings Bank
—
—
Br Vth Property Owner Dst
—
Deed Of Trust
related
$26,400,000 · Keybank USA
—
—
Valley Townhomes II LLC
—
Deed Of Trust
related
$3,500,000 · Timberland 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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