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    16313 64Th St East Sumner, WA 98390
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    16313 64Th St East, Sumner, WA 98390

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    • Commercial land
    For Lease
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    Land for Rent Near YMCA For Lease
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    Land for Rent Near YMCA

    Land available for rent, close to YMCA and Hwy 410.

    16313 64th Street East, Sumner, WA 98390
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    Property ID
    US90-0932380
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 16313 64Th St East

    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.2116016
    Latitude
    47.1996166

    Comparable in this City

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      Prime Location Drive-Through Opportunity

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    • $799,950
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      Prime Commercial Land in Sumner

      High-visibility commercial land with redevelopment potential in a growing corridor.
      16219 64Th St E, Sumner, WA 98390
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      Sumner Redevelopment Site or Church

      Prime downtown Sumner redevelopment site or updated church for sale.
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      Sumner Square Retail Investment Opportunity

      Fully leased retail property with development potential in Sumner, WA.
      15716-15720 Main St E, Sumner, WA 98390
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    Similar Nearby for Sale

    • $1,989,500
      2,520 SF

      Prime Land Near Highway 410

      Land with high visibility and access near Highway 410.
      6709 166Th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing

      Prime Location Drive-Through Opportunity

      Drive-through QSR location near Highway 410 and WinCo.
      6709 166Th Ave E, Sumner, WA 98390
      View Details
    • $799,950
      87,120 SF

      Prime Commercial Land in Sumner

      High-visibility commercial land with redevelopment potential in a growing corridor.
      16219 64Th St E, Sumner, WA 98390
      View Details
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      Sumner Square Retail Investment Opportunity

      Fully leased retail property with development potential in Sumner, WA.
      15716-15720 Main St E, Sumner, WA 98390
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    • $8,250,000

      Sumner Square Retail Investment Opportunity

      Fully leased retail property with NNN tenants in Sumner, WA.
      15716 Main St E, Sumner, WA 98390
      View Details

    Similar Nearby for Lease

    • $1,428 /Mo
      3,570 SF

      2.33 AC Paved, Fenced Yard

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      3,570 SF

      2.33 AC Sumner Yard

      2.33 AC yard available for rent in Sumner, WA.
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      Leased Office and Warehouse Buildings

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    • $1,520 /Mo
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      Retail/Office Space in Fred Meyer Center

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      Retail Space For Lease Sumner

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      6,434 SF

      Downtown Sumner Corner Retail/Office

      Corner location in downtown Sumner with excellent visibility.
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    Sumner, WA 98390
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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