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Property profile & analytics
OFF-MARKET
Industrial properties
2704 142nd E Ave, Sumner, WA 98390-9636
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1564207
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Total area
1,011 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M1
APN
420123024
UPID
US90-1564207
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Keith Johnson · 12 yrs held
Keith Johnson
since 2014
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,119
Tax year 2024
Assessed value
$301,100
Assessed 2024
Previous assessed
$301,100
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$300,100
Assessed improvement
$1,000
Land market value
$300,100
Improvement market value
$1,000
Total market value
$301,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
1,011 SF
Lot
0.25 ac (10,890 SF)
Zoning code
M1
APN
420123024
UPID
US90-1564207
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
1940
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Keith Johnson
Individual
Mailing address
23651 SE 248TH PL, MAPLE VALLEY, WA 98038-5017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 28, 2014
$105,500
Keith Johnson
Federal Natl Mtg Assn Fnma
Warranty Deed
—
Oct 8, 2013
$213,707
Federal Natl Mtg Assn Fnma
Northwest Trustee Services
Trustees Deed
related
—
Oct 24, 2003
$160,000
Alan P Burgstahler
Sterner,barry J & Chantel N
Grant Deed
$128,000 · Countrywide Home Loans INC
Oct 11, 2000
$110,000
Barry J Sterner
Evergreen Capital Trust
Grant Deed
$88,000 · North American Mortgage
Apr 4, 1996
$105,000
Michael J Corliss
Huff,jeffrey A & Gertie A
Grant Deed
$84,000 · Washington Mutual Fsb
Jun 14, 1991
$79,000
Jeffrey A Huff
Wilson,kerri D
Grant Deed
$77,590 · Old Stone Mortgage
—
—
Barry J Sterner
—
Deed Of Trust
related
$16,500 · Us Bank NA Nd
—
—
Alan P Burgstahler
—
Deed Of Trust
related
$193,500 · First Mortgage Corp
—
—
Jeffrey A Huff
—
Deed Of Trust
related
$82,400 · Directors Mortgage Loan Corp
—
—
Barry J Sterner
—
Deed Of Trust
related
$110,400 · Abn Amro Mortgage Group INC
—
—
Alan P Burgstahler
—
Deed Of Trust
related
$37,200 · Citibank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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