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Property profile & analytics
FOR SALE
Commercial land

16313 64Th St East Sumner, WA 98390

Property ID
US90-0932380
Property summary
AI-generated overview

Introducing an exceptional development opportunity at 16313 64th Street East in Sumner! This prime 2.18-acre commercial land is perfect for retail and multifamily ventures, boasting a sale price of $895000. Situated adjacent to the Gordon Family YMCA, the property includes a 1,984 SF house, a 2,050 SF storage building, and current rental income. With General Commercial zoning in the East Sumner Urban Village, this plot offers immense potential. Benefitting from proximity to Hwy 410, Bonney Lake, and Lake Tapps, it provides an excellent location for a range of businesses. The parcel is served by city utilities and offers an appealing demographic profile, projecting a population of 139,960 within 5 miles, with an average household income exceeding $100,000. Seller Financing to qualified parties. Don't miss this chance to secure a strategic location for your next project! For further information or to explore this property's full potential, inquire now.

Property profile
Verified
Property type Commercial land
UPID US90-0932380
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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