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Property profile & analytics
OFF-MARKET
Estimated value
$5,795,000
Warehouses
1907 137th E Ave 4, Sumner, WA 98390-9644
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0823443
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
7,200 SF
Lot
1.71 ac (74,444 SF)
Zoning code
M1
APN
4495401400
UPID
US90-0823443
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
-
Quality Stamping & Machining Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$5.80M
Owner & transaction history
Sumner Tikvah LLC · 4 yrs held
Sumner Tikvah LLC
since 2021
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
M1 · 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
$6,390,000
ML approach
$6,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.80M
Range $5.22M – $6.37M · ±10% · vs last sale $5.75M (Jul 9 2021)
Last sale anchor
$5.75M
Jul 9 2021
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
$805 / 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
$56,098
Tax year 2024
Assessed value
$5,432,200
Assessed 2024
Previous assessed
$5,432,200
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,877,200
Assessed improvement
$3,555,000
Land market value
$1,877,200
Improvement market value
$3,555,000
Total market value
$5,432,200
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
1990
Construction
STEEL FRAME
Heating
SPACE
Buildings
3
Stories
1
Units
1
Bathrooms
1
Total area
7,200 SF
Lot
1.71 ac (74,444 SF)
Zoning code
M1
APN
4495401400
UPID
US90-0823443
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.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
3
Units
1
Bathrooms
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Sumner Tikvah LLC
Entity
Mailing address
PO BOX 5003, BELLEVUE, WA 98009-5003
Ownership since
2021
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
Aug 3, 2021
—
Sumner Tikvah LLC
—
Deed
related
$3,050,000 · East West Bank
Jul 9, 2021
$5,750,000
Sumner Tikvah LLC
Sumner Leasing LLC
Warranty Deed
$3,050,000 · East West Bank
May 19, 2021
—
Sumner Leasing LLC
Charles E Girtz
Re-recorded Document
related
—
Nov 30, 2010
—
Sumner Leasing LLC
—
Deed Of Trust
related
$2,156,643 · Homestreet Bank
Aug 8, 2006
—
Sumner Leasing LLC
Girtz,charles E & Judy A
Quit Claim Deed
related
$1,000,000 · Homestreet Bank
Apr 13, 1989
$125,000
Charles E Girtz
Unknown
Grant Deed
$90,000 · Seller
—
—
Sumner Leasing LLC
—
Deed Of Trust
related
$482,882 · Homestreet Bank
—
—
Charles E Girtz
—
Deed Of Trust
related
$17,300 · Seattle First Bank
—
—
Sumner Leasing LLC
—
Deed Of Trust
related
$482,882 · Homestreet Bank
—
—
Charles E Girtz
—
Deed Of Trust
related
$130,000 · Home Savings Of America
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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