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    6008 160Th Ave E Sumner, WA 98390
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    6008 160Th Ave E, Sumner, WA 98390

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    • Office Spaces
    • 4,054 SF
    • 0.79 lot acres
    For Lease
    $3,333/Mo
    View Listing →
    Turnkey Office Suite Available For Lease
    $3,333/Mo
    2,000 SF

    Turnkey Office Suite Available

    Well-appointed office suite with functional layout and included furnishings.

    6008 160th Ave E, Sumner, WA 98390
    View Listing
    Property ID
    US90-1173213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NorthWest Construction Control / Building Inspector / Commercial Real Estate Inspector
    • Atled Enterprises LLC / Real Estate Agency

    Property Details for 6008 160Th Ave E

    Year built
    1995
    Construction
    WOOD FRAME
    Lot size
    0.79 lot acres
    Zone code
    GC
    Property type
    Office Spaces
    APN
    520194049
    APU
    520194049

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2009 — Acme Bulldog LLC K & V LLC Quit Claim Deed · related —
    Jan 8, 1999 $372,287 K & V LLC Elite Bridal & Formal Wear Grant Deed $260k · Columbia State Bank
    May 19, 1994 $95,000 Elite Bridal Reese,ronald C & Grant Deed —
    — — Acme Bulldog LLC — Deed Of Trust · related $220k · Us Bank NA

    Description

    This exceptional Sumner, WA office building presents a fantastic opportunity for businesses seeking versatile and well-located space. The property, located at 6008 160th Ave E, boasts a total of 4,000 square feet within a two-story, single-building structure constructed in 2000. The building is classified as Class C and sits on a 0.79-acre lot, offering ample parking with 12 spaces available. Currently, the entire 4,000 square feet is vacant and available for lease. The space is divisible, with a minimum leasable area of 2,000 square feet, providing flexibility for various business needs. The building features a convenient layout including private offices, a dedicated conference room, a break room, and two restrooms. Its strategic location just off Main Street in Sumner, WA, offers excellent visibility and easy access to SR 410, ensuring convenient commutes and strong client accessibility. The property is zoned GC and has a Pierce County APN of 0520194049. This is a rare opportunity to secure a well-maintained, functional office space in a desirable Sumner location. The building's features and location make it ideal for a variety of businesses seeking a comfortable and productive work environment. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $586,000
      Market price range: $255k - $1.12M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.217
    Latitude
    47.2023
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,397
    $490,100
    $418,900
    $909,000
    -
    $490,100
    $418,900
    $909,000

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      612 Harrison St

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      3407 142nd E Ave

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      Turnkey Office Suite Available

      Well-appointed office suite with functional layout and included furnishings.
      6008 160Th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing
      1,321 SF

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    Sumner, WA 98390
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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