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Property profile & analytics
OFF-MARKET
Warehouses
626 Main St, Sumner, WA 98390-1111
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2573748
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1929
Construction
WOOD FRAME
Total area
2,183 SF
Lot
0.27 ac (11,761 SF)
Zoning code
LDR-6
APN
420243094
UPID
US90-2573748
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
-
Lees Plumbing Plumbing Service General Contractor
-
Beacon Electric Inc Electrical Service General Contractor
-
La Brea Electric Electrical Service General Contractor
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
626 W Main St LLC · 7 yrs held
626 W Main St LLC
since 2019
7 recorded transactions
Zoning & alternative use
LDR-6 · 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
$4,231
Tax year 2024
Assessed value
$408,700
Assessed 2024
Previous assessed
$408,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$236,700
Assessed improvement
$172,000
Land market value
$236,700
Improvement market value
$172,000
Total market value
$408,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1929
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Total area
2,183 SF
Lot
0.27 ac (11,761 SF)
Zoning code
LDR-6
APN
420243094
UPID
US90-2573748
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
LDR-6 · Sumner, WA
Zoning LDR-6 · permitted uses
LDR-6 · 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
1929
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
626 W Main St LLC
Entity
Mailing address
3222 DEER IS DR E, LAKE TAPPS, WA 98391-9492
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2019
$475,000
626 W Main St LLC
Ffp Partners LLC
Warranty Deed
$243,725 · Kitsap Bank
Feb 5, 2018
—
Ffp Partners LLC
Donahue Terrence J
Deed In Lieu Of Foreclosure
related
—
Nov 12, 2015
—
626 West Main Street LLC
Daly,greg
Quit Claim Deed
related
—
Aug 12, 2015
$226,000
Greg Daly
Jmw Enterprises LLC
Trustees Deed
related
—
Mar 5, 2010
$306,000
Jmw Ents LLC
Lees Plumbing INC
Warranty Deed
$285,660 · Columbia State Bank
Apr 30, 1990
$50,000
Raymond E Carlsen
Unknown
Grant Deed
—
—
—
626 W Main St LLC
—
Deed Of Trust
related
$243,725 · Kitsap Bk
—
—
Jmw Ents LLC
—
Deed Of Trust
related
$158,700 · Columbia State Bank
—
—
Jmw Ents LLC
—
Deed Of Trust
related
$131,000 · Northwest Busn Dev Assn
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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