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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Apartment buildings
16120 64th E St Sumner, WA 98390-3084
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-3076668
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Construction
WOOD FRAME
Total area
6,049 SF
Lot
4.09 ac (178,160 SF)
Zoning code
GC
APN
520301048
UPID
US90-3076668
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
$1.22M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
64th Street Apartment LLC · 10 yrs held
64th Street Apartment LLC
since 2015
7 recorded transactions
Zoning & alternative use
GC · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+3.0%
Warehouse, storage
$1.8M
+0.4%
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
$1,215,000
CAP Approach
CAP Return
Estimation
6%
$1,220,000
6.5%
$1,125,000
7%
$1,045,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,800,000
Current use
RETAIL STORES
$1,850,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,805,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$217 / 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
$165,853
Tax year 2024
Assessed value
$16,062,300
Assessed 2024
Previous assessed
$16,062,300
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$3,995,800
Assessed improvement
$12,066,500
Land market value
$3,995,800
Improvement market value
$12,066,500
Total market value
$16,062,300
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
2015
Construction
WOOD FRAME
Heating
ELECTRIC
Buildings
11
Stories
3
Units
4
Bathrooms
1
Total area
6,049 SF
Lot
4.09 ac (178,160 SF)
Zoning code
GC
APN
520301048
UPID
US90-3076668
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
3
Buildings
11
Units
4
Bathrooms
1
Lot
4.09 ac
Current owner
From public records · entity-resolved
64th Street Apartment LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1320 PUYALLUP STA, SUMNER, WA 98390-1600
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2016
—
Aster Townhomes LLC
—
Deed
related
$9,945,000 · Northmarq Cap Fin
Sep 3, 2015
—
64th Street Apartment LLC
Schoepfer,toril
Quit Claim Deed
related
—
Jun 23, 2015
$16,403
64th Street Apartments LLC
Clifford,james R & Susan M
Quit Claim Deed
related
—
Jan 7, 2015
—
64th Street Apartments LLC
Hagwood,matthew
Quit Claim Deed
related
—
Jan 7, 2015
$33,150
64th Street Apartments LLC
Schoepfer,toril
Quit Claim Deed
related
—
Dec 20, 2013
$300,000
64th Street Apartments LLC
Heritage Bk
Grant Deed
—
Jan 7, 2013
—
Bk Heritage
Clifford,james R & Susan M
Warranty Deed
—
Feb 28, 2006
$920,000
James R Clifford
Green,carl E
Warranty Deed
$780,000 · Heritage Bank
Feb 24, 2005
—
Carl E Green
Green,laura E
Quit Claim Deed
related
—
—
—
Aster Townhomes LLC
—
Deed Of Trust
related
$9,945,000 · Northmarq Cap Fin
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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