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Property profile & analytics
OFF-MARKET
Office Spaces
3407 142nd E Ave Sumner, WA 98390-9601
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0918890
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1978
Construction
WOOD FRAME
Total area
2,485 SF
Lot
0.88 ac (38,332 SF)
Zoning code
M1
APN
420131028
UPID
US90-0918890
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
Costco Wholesale Corporation · 1 yrs held
Costco Wholesale Corporation
since 2025
Last sale
$34.9M
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
$12,229
Tax year 2024
Assessed value
$1,183,300
Assessed 2024
Previous assessed
$1,183,300
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$923,200
Assessed improvement
$260,100
Land market value
$923,200
Improvement market value
$260,100
Total market value
$1,183,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Bathrooms
1
Total area
2,485 SF
Lot
0.88 ac (38,332 SF)
Zoning code
M1
APN
420131028
UPID
US90-0918890
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
1978
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corporation
Entity
Mailing address
1808 SWIFT DR, OAK BROOK, IL 60523-1573
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
$34,898,028
Costco Wholesale Corporation
Centerpoint Properties Trust
Special Warranty Deed
—
Aug 16, 2013
$6,175,000
Centerpoint Properties Trust
Glenn Properties LLC
Warranty Deed
—
Aug 11, 2009
—
Joseph K Glenn
—
Deed Of Trust
related
$1,000,000 · Washington Trust Bank
Jan 15, 1999
—
Glenn Properties LLC
Glenn,joseph K & Linda F
Quit Claim Deed
related
—
Aug 4, 1997
$13,000
Sumner City
Glenn,joseph K & Linda F
Grant Deed
—
Feb 28, 1997
$103,500
Joseph K Glenn
Mattocks,richard A Brock Estate
Grant Deed
—
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$1,500,000 · Washington Trust Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$3,210,431 · Washington Trust Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$870,000 · West Coast Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$2,667,000 · Washington Trust Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$591,111 · Washington Trust Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$500,000 · Washington Trust Bank
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$842,225 · Key Bank NA
—
—
Glenn Properties LLC
—
Deed Of Trust
related
$2,500,000 · Key Bank NA
—
—
Joseph K Glenn
—
Deed Of Trust
related
$100,000 · Washington Trust Bank
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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