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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Apartment buildings
15902 52nd E St Sumner, WA 98390-3140
Entity Owned
10-yr Hold
Property ID
US90-1560263
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1983
Construction
FRAME
Total area
3,728 SF
Lot
0.42 ac (18,482 SF)
Zoning code
HDR
APN
5719000060
UPID
US90-1560263
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
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
15902 52nd Street LLC · 10 yrs held
15902 52nd Street LLC
since 2015
7 recorded transactions
Zoning & alternative use
HDR · 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%
$750,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$158 / 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
$3,673
Tax year 2024
Assessed value
$846,200
Assessed 2024
Previous assessed
$846,200
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$267,800
Assessed improvement
$578,400
Land market value
$267,800
Improvement market value
$578,400
Total market value
$846,200
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
1983
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,728 SF
Lot
0.42 ac (18,482 SF)
Zoning code
HDR
APN
5719000060
UPID
US90-1560263
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.
Building & site characteristics
From public records
Year built
1983
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
15902 52nd Street LLC
Entity
Mailing address
4957 LAKEMONT BLVD SE STE C4, BELLEVUE, WA 98006-7801
Ownership since
2015
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
Aug 31, 2015
—
15902 52nd Street LLC
Clem,jay & Lisa
Quit Claim Deed
related
—
Apr 30, 2013
$260,000
Jay L Clem
Deutsche Bank 2007-qs10
Grant Deed
—
Jan 11, 2013
$247,200
Deutsche Bank Rali 2007-qs10
Northwest Te Svcs INC
Trustees Deed
related
—
Mar 25, 2005
$389,950
David T Luna
2004 Eastside INC
Warranty Deed
$272,965 · Americas Wholesale Lender
Jan 13, 2005
$2,980,000
2004 Eastside INC
Summer Glen Apartments LLC
Grant Deed
$2,650,864 · First Mutual Bank
Jul 31, 1998
$203,300
Summer Glen LLC
Kraft,leonard J & L F
Grant Deed
—
Jul 25, 1990
$142,500
Leonard J Kraft
Unknown
Grant Deed
$99,750 · Company Misc
—
—
Leonard J Kraft
—
Deed Of Trust
related
$99,750 · Gn Mortgage Corp
—
—
Sumner Glen Apartments LLC
—
Deed Of Trust
related
$1,050,000 · Washington Mutual Fsb
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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