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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Apartment buildings
1508 Vly E Ave Sumner, WA 98390-2704
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1676475
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
3,536 SF
Lot
0.26 ac (11,289 SF)
Zoning code
MDR
APN
5145000050
UPID
US90-1676475
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
by Request
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Valley Avenue Apartments LLC · 7 yrs held
Valley Avenue Apartments LLC
since 2019
7 recorded transactions
Zoning & alternative use
MDR · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$610,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$151 / 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
$7,500
Tax year 2024
Assessed value
$725,300
Assessed 2024
Previous assessed
$725,300
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$234,000
Assessed improvement
$491,300
Land market value
$234,000
Improvement market value
$491,300
Total market value
$725,300
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
1968
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Total area
3,536 SF
Lot
0.26 ac (11,289 SF)
Zoning code
MDR
APN
5145000050
UPID
US90-1676475
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MDR · Sumner, WA
Zoning MDR · permitted uses
MDR · 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
1968
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
4
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
Valley Avenue Apartments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2019
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
Nov 30, 2021
—
Federal Home Loan Mortgage Corporat
—
Deed
related
$2,628,000 · Us Bank NA
Aug 27, 2019
—
Valley Avenue Apartments LLC
—
Deed
related
$1,709,600 · Commerce Bk/wa
Jun 25, 2019
$1,160,000
Valley Avenue Apartments LLC
Dimension Townhouses LLC
Warranty Deed
—
Apr 29, 2019
$475,000
Dimension Townhouses LLC
Cacabelos,patricia
Warranty Deed
$447,300 · Certain Lending INC
Feb 28, 2013
$250,000
Patricia Cacabelos
Federal Natl Mtg Assn Fnma
Grant Deed
$187,500 · Sterling Bank
May 29, 2012
$231,380
Federal Natl Mtg Assn Fnma
Northwest Te Svcs INC
Trustees Deed
related
—
Jun 4, 2002
$276,831
Bradley M Weber
Wastman,bruce D & Pamela K
Grant Deed
$190,300 · Greenpoint Mortgage Funding
Dec 19, 1994
$165,000
Bruce D Wastman
Bruno,enea & Diana
Grant Deed
$123,700 · Home Savings Of America
May 24, 1990
$125,000
Enea Bruno
Unknown
Grant Deed
—
—
—
Valley Avenue Apartments LLC
—
Deed Of Trust
related
$1,709,600 · Commerce Bk/wa
—
—
Bradley M Weber
—
Deed Of Trust
related
$216,000 · Sib Mortgage Corp
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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