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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Apartment buildings
15906 Elm E St Sumner, WA 98390-3152
Trust Owned
Property ID
US90-0863529
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
BRICK
Total area
6,144 SF
Lot
0.4 ac (17,220 SF)
Zoning code
HDR
APN
9225000115
UPID
US90-0863529
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
$845k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
The Hilkin Family Living Trust
The Hilkin Family Living Trust
since 2026
Last sale
$1.0M
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
$835,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,060,000
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $1.03M (Apr 17 2020)
Last sale anchor
$1.03M
Apr 17 2020
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
$159 / 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
$12,601
Tax year 2024
Assessed value
$1,219,300
Assessed 2024
Previous assessed
$1,219,300
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$262,600
Assessed improvement
$956,700
Land market value
$262,600
Improvement market value
$956,700
Total market value
$1,219,300
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
9
Total area
6,144 SF
Lot
0.4 ac (17,220 SF)
Zoning code
HDR
APN
9225000115
UPID
US90-0863529
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
1978
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
9
Lot
0.4 ac
Current owner
From public records · entity-resolved
The Hilkin Family Living Trust
Trust
Mailing address
10809 SHAWNEE RD E, PUYALLUP, WA 98374-2402
Ownership since
2026
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
Jan 23, 2026
—
The Hilkin Family Living Trust
Richard J Hilkin
Deed
related
—
Apr 17, 2020
$1,027,500
Richard J Hilkin
Darlene A Heseltine
Warranty Deed
$723,750 · Luther Burbank Savings
Jul 12, 2016
—
Richard L Heseltine
—
Deed
related
$362,000 · Newfi
Nov 2, 2015
—
Richard L Heseltine
Trujillo Properties LLC
Quit Claim Deed
related
—
Oct 30, 2015
—
Trujillo Properties LLC
Trujillo,john L & Holly K
Quit Claim Deed
related
—
Jun 27, 2007
$656,550
John L Trujillo JR.
Heseltine,richard L & Darlene A
Warranty Deed
$590,895 · Richard L & Darlene A Heseltine
—
—
Deana Shim
—
Deed Of Trust
related
$170,300 · Cascade Savings Bank
—
—
Richard L Heseltine
—
Deed Of Trust
related
$270,000 · Harborstone Cu
—
—
Richard L Heseltine
—
Deed Of Trust
related
$362,000 · Newfi
—
—
Darlene A Heseltine
—
Deed Of Trust
related
$197,600 · Harborstone Cu
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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