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Property profile & analytics
OFF-MARKET
Estimated value
$11,515,000
Grocery and convenience stores
2320 136th E Ave 4 Sumner, WA 98390-9699
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2823676
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2007
Construction
WOOD FRAME
Total area
5,431 SF
Lot
1.93 ac (83,940 SF)
APN
4495401161
UPID
US90-2823676
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
-
Shell Restaurant
-
Associated Espresso Cafe & Coffee Shop
-
Speedway Gas Station Gas Station
-
FedEx Drop Box Postal Service Courier Service
-
CAT Scale Parking Lot & Garage Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.17M
Blend (final)
Blend
$11.52M
Owner & transaction history
Mds Enterprise INC · 4 yrs held
Mds Enterprise INC
since 2021
Last sale
$11.4M
4 recorded transactions
Zoning & alternative use
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
$12,690,000
ML approach
$10,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.52M
Range $10.36M – $12.67M · ±10% · vs last sale $11.42M (Sep 27 2021)
Last sale anchor
$11.42M
Sep 27 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
$2,120 / 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
$36,367
Tax year 2024
Assessed value
$3,521,100
Assessed 2024
Previous assessed
$3,521,100
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$2,280,900
Assessed improvement
$1,240,200
Land market value
$2,280,900
Improvement market value
$1,240,200
Total market value
$3,521,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,431 SF
Lot
1.93 ac (83,940 SF)
APN
4495401161
UPID
US90-2823676
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
2007
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Mds Enterprise INC
Entity
Mailing address
2320 136TH AVE E, SUMNER, WA 98390-9699
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
$11,420,000
Mds Enterprise INC
Joajoa INC
Warranty Deed
$2,800,000 · Unibank
Apr 24, 2017
—
Joajoa INC
Mustard Seed Management I LLC
Warranty Deed
—
Apr 20, 2017
—
Mustard Seed Management I LLC
—
Deed
related
$3,785,000 · Timberland Bk
—
—
Mustard Seed Management I LLC
—
Deed Of Trust
related
$3,785,000 · Timberland 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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