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Property profile & analytics
OFF-MARKET
Estimated value
$8,295,000
Flex space
1516 Fryar Ave Sumner, WA 98390-1514
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1736478
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,400 SF
Lot
1.33 ac (57,804 SF)
Zoning code
M1
APN
420242057
UPID
US90-1736478
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
-
SEKISUI Aerospace, Inc. Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.19M
Comparable Approach
Comparable
$8.41M
Blend (final)
Blend
$8.30M
Owner & transaction history
Liberty Property Dev Corp II · 12 yrs held
Liberty Property Dev Corp II
since 2013
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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,955,000
6.5%
$9,190,000
7%
$8,535,000
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±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
$140 / 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
$67,341
Tax year 2024
Assessed value
$6,521,100
Assessed 2024
Previous assessed
$6,521,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,205,500
Assessed improvement
$5,315,600
Land market value
$1,205,500
Improvement market value
$5,315,600
Total market value
$6,521,100
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
59,400 SF
Lot
1.33 ac (57,804 SF)
Zoning code
M1
APN
420242057
UPID
US90-1736478
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Sumner, WAZoning M1 · permitted uses
M1 · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Liberty Property Dev Corp II
Entity
Free & Clear · 12 yrs held
Mailing address
1800 WAZEE ST STE #500, DENVER, CO 80202-2526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2013
—
Liberty Property Dev Corp II
Cabot III-wa1w01 LLC
Warranty Deed
—
Oct 5, 2011
$6,500,000
Cabot III-wa1w01 LLC
Fryar Avenue LLC
Grant Deed
—
Sep 30, 2011
—
Fryar Avenue LLC
Lundquist,donald W
Quit Claim Deed
related
—
May 29, 2007
—
Fryar Avenue LLC
Lundquist,donald W
Quit Claim Deed
related
—
Jun 1, 1998
—
Donald W Lundquist
—
Deed Of Trust
related
$2,355,000 · Columbia State Bank
Sep 13, 1996
—
Donald W Lundquist
—
Grant Deed
related
$625,000 · Columbia State Bank
Sep 29, 1995
—
Donald W Lundquist
—
Grant Deed
related
$830,000 · Columbia State Bank
Jan 30, 1989
$250
Donald W Lundquist
Unknown
Grant Deed
related
—
—
—
Donald W Lundquist
—
Deed Of Trust
related
$248,405 · Columbia State Bank
—
—
Donald W Lundquist
—
Deed Of Trust
related
$250,000 · Columbia State 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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