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Property profile & analytics
OFF-MARKET
Estimated value
$13,245,000
Warehouses
1710 136th E Ave, Sumner, WA 98390-9654
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0971516
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,111 SF
Lot
2.92 ac (127,195 SF)
Zoning code
M1
APN
4495401101
UPID
US90-0971516
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
Current use
Occupant on record · Public records
-
Palmer Johnson Power Systems Factory Industrial Manufacturer
-
Wheel Pros Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.65M
CAP Approach
CAP
$11.86M
Comparable Approach
Comparable
$14.95M
Blend (final)
Blend
$13.25M
Owner & transaction history
Ppf Indl 1710 136th Ave E LLC · 6 yrs held
Ppf Indl 1710 136th Ave E LLC
since 2020
Last sale
$13.3M
7 recorded transactions
Zoning & alternative use
M1 · Sumner, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.3M
+2.6%
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
$15,320,000
ML approach
$10,645,000
CAP Approach
CAP Return
Estimation
6%
$12,845,000
6.5%
$11,860,000
7%
$11,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$18,830,000
Current use
RETAIL STORES
$19,325,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$13.25M
Range $11.92M – $14.57M · ±10% · vs last sale $13.35M (May 1 2020)
Last sale anchor
$13.35M
May 1 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
$210 / 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
$97,769
Tax year 2024
Assessed value
$9,468,100
Assessed 2024
Previous assessed
$9,468,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,347,500
Assessed improvement
$7,120,600
Land market value
$2,347,500
Improvement market value
$7,120,600
Total market value
$9,468,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
63,111 SF
Lot
2.92 ac (127,195 SF)
Zoning code
M1
APN
4495401101
UPID
US90-0971516
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Sumner, WA
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$18.8M
RETAIL STORES
Est. value
$19.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
Ppf Indl 1710 136th Ave E LLC
Entity
Mailing address
1585 BROADWAY FL, NEW YORK, NY 10036-8204
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2020
$13,347,000
Ppf Indl 1710 136th Ave E LLC
Bridge Point Sumner 60 LLC
Grant Deed
—
Feb 18, 2020
—
Bridge Point Sumner 60 LLC
—
Deed
related
$8,765,675 · Associated Bk
Sep 13, 2019
—
Bridge Point Sumner 60 LLC
—
Deed
related
$7,350,000 · Associated Bank NA
Apr 2, 2019
$2,000,000
Bridge Point Sumner 60 LLC
Seven Stars Seattle INC
Warranty Deed
—
Nov 22, 2017
—
Steven Stars Seattle INC
—
Deed
related
$711,000 · Gbc International Bank
Jun 8, 2006
$1,000,000
Seven Stars INC
Emerald Junction LLC
Warranty Deed
$854,126 · Evergreen Bank
Mar 25, 2003
—
Emerald Junction LLC
Johnson,robert K & Juanita A
Quit Claim Deed
related
—
Jan 31, 2003
$250,000
Robert K Johnson
Ella Kropf LLC
Grant Deed
—
Aug 1, 2002
—
Ella Kropf LLC
Harkey,jimmy J & Brigitte
Quit Claim Deed
related
—
Nov 3, 2000
$365,000
Robert K Johsnon
Sagara,doris A
Grant Deed
—
—
—
Bridge Point Sumner 60 LLC
—
Loan Modification
related
$8,765,675 · Associated Bk
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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