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Property profile & analytics
OFF-MARKET
Estimated value
$9,520,000
Outlet malls
20025 State Rte 410th E Sumner, WA 98391-8460
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0908911
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,347 SF
Lot
5.01 ac (218,061 SF)
Zoning code
C2-C3
APN
519036029
UPID
US90-0908911
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
$9.75M
CAP Approach
CAP
$7.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.52M
Owner & transaction history
Longwood Bonney Lake LLC · 3 yrs held
Longwood Bonney Lake LLC
since 2022
Last sale
$9.3M
5 recorded transactions
Zoning & alternative use
C2-C3 · 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
$9,660,000
ML approach
$9,745,000
CAP Approach
CAP Return
Estimation
6%
$7,995,000
6.5%
$7,380,000
7%
$6,855,000
Blend value · Realmo final
$9.52M
Range $8.57M – $10.47M · ±10% · vs last sale $9.33M (Aug 16 2022)
Last sale anchor
$9.33M
Aug 16 2022
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
$172 / 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
$120,551
Tax year 2024
Assessed value
$12,146,800
Assessed 2024
Previous assessed
$12,146,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$4,433,300
Assessed improvement
$7,713,500
Land market value
$4,433,300
Improvement market value
$7,713,500
Total market value
$12,146,800
Applied tax rate
44.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
55,347 SF
Lot
5.01 ac (218,061 SF)
Zoning code
C2-C3
APN
519036029
UPID
US90-0908911
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
C2-C3 · Sumner, WAZoning C2-C3 · permitted uses
C2-C3 · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
5.01 ac
Current owner
From public records · entity-resolved
Longwood Bonney Lake LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 2148, MILWAUKEE, WI 53201-2148
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2022
$9,333,662
Longwood Bonney Lake LLC
Albertson S Stores Sub LLC
Warranty Deed
—
Jan 23, 2018
—
Albertsons Stores Sub LLC
Abs Surplus-o LLC
Warranty Deed
—
Dec 6, 2017
—
Albertsons Stores Sub LLC
Abs Surplus-o LLC
Warranty Deed
—
Apr 3, 2013
—
Abs Surplus-o LLC
New Albertsons INC
Warranty Deed
—
Jun 13, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
—
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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