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Property profile & analytics
OFF-MARKET
Commercial land
15532 Main E St Sumner, WA 98390-2644
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-2566772
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1985
Total area
728 SF
Lot
0.22 ac (9,378 SF)
Zoning code
GC
APN
520197008
UPID
US90-2566772
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
-
Car Smart Auto Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grassman Properties LLC · 10 yrs held
Grassman Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
GC · 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
—
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
$2,324
Tax year 2024
Assessed value
$224,000
Assessed 2024
Previous assessed
$224,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$224,000
Land market value
$224,000
Total market value
$224,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Bathrooms
1
Total area
728 SF
Lot
0.22 ac (9,378 SF)
Zoning code
GC
APN
520197008
UPID
US90-2566772
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Sumner, WA
Zoning GC · permitted uses
GC · 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
1985
Heating
FORCED AIR
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Grassman Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
15532 MAIN ST E, SUMNER, WA 98390-2644
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2016
—
Grassman Properties LLC
Grassman Properties LLC
Quit Claim Deed
related
—
Jan 4, 2016
—
Grassman Properties LLC
Grassman,jeffrey M
Quit Claim Deed
related
—
Dec 24, 2015
—
Jeffrey M Grassman
Grassman,kristine L
Quit Claim Deed
related
—
Dec 24, 2015
$445,000
Grassman Properties LLC
William P Bremer Holdings LLC
Dual Purpose Document
related
$408,500 · William P Bremer Holdings LLC
Aug 26, 2015
—
William P Bremer Holdings LLC
Bremer William P
Quit Claim Deed
related
—
Nov 10, 2009
$800,000
Scott R Hawton
Bremer,william P
Dual Purpose Document
$750,000 · No Lender On Document
Aug 1, 1988
$200,000
William P Bremer
Unknown
Grant Deed
—
—
—
Grassman Properties LLC
—
Loan Modification
related
$408,500 · William P Bremer Holdings LLC
—
—
William Bremer
—
Deed Of Trust
related
$60,000 · Bank Of Sumner
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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