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    Property profile & analytics

    626 Main St Sumner, WA 98390-1111

    • Warehouses
    • 2,183 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2573748
    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.

    Current Use by Public Records

    • Lees Plumbing / Plumbing Service / General Contractor
    • Beacon Electric Inc / Electrical Service / General Contractor
    • La Brea Electric / Electrical Service / General Contractor

    Property Details for 626 Main St

    Year built
    1929
    Construction
    WOOD FRAME
    Lot size
    0.27 lot acres
    Property size
    2,183 SF
    Zone code
    LDR-6
    Property type
    Warehouses
    APN
    420243094
    APU
    420243094

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.247
    Latitude
    47.2022
    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
    $4,231
    $236,700
    $172,000
    $408,700
    -
    $236,700
    $172,000
    $408,700

    Comparable in this City

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      $830,000
      21.73 Acres

      14475 Stewart Rd

      WAREHOUSE, STORAGE • 21.73 Acres
      14475 Stewart Rd, Sumner, WA 98390-8004
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    • Value Estimation
      $615,000
      9.02 Acres

      3418 142nd E Ave

      WAREHOUSE, STORAGE • 9.02 Acres
      3418 142nd E Ave, Sumner, WA 98390-9601
      View Details
    • Value Estimation
      $1,560,000
      12,000 SF

      1701 Elm E St

      WAREHOUSE, STORAGE • 12,000 SF
      1701 Elm E St, Sumner, WA 98390-2112
      View Details
    • Value Estimation
      $21,765,000
      188,390 SF

      14810 Puyallup E St

      WAREHOUSE, STORAGE • 188,390 SF
      14810 Puyallup E St, Sumner, WA 98390-2404
      View Details
    • Value Estimation
      $11,400,000
      100,000 SF

      15022 Puyallup E St

      WAREHOUSE, STORAGE • 100,000 SF
      15022 Puyallup E St, Sumner, WA 98390-2401
      View Details
    • Value Estimation
      $7,005,000
      50,432 SF

      1402 Puyallup St

      WAREHOUSE, STORAGE • 50,432 SF
      1402 Puyallup St, Sumner, WA 98390-1634
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sumner Warehouse Space Available

      20,000 SF dry storage space for sublease.
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    • $3,300,000
      7,339 SF

      Sumner Industrial Property For Sale

      Two-building industrial property in Sumner, WA, with leaseback options.
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      72,450 SF

      Sumner Warehouse Space Available

      72,450 SF warehouse/industrial space for lease in Sumner, WA.
      1615 Puyallup St, Sumner, WA 98390
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    • $38,200,000

      Sumner Warehouse/Manufacturing Facility For Sale

      159,250 SF warehouse/manufacturing facility with convenient access to SR-167.
      1607 136Th Ave E, Sumner, WA 98390
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    • Contact for pricing

      Sumner Warehouse Space Available

      20,000 SF dry storage space for sublease in Sumner.
      14513 32Nd St E, Sumner, WA 98390
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    • Contact for pricing

      77,500 SF Industrial Building

      100% leased industrial building in Sumner, Washington.
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    Similar Nearby for Lease

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      25,000 SF

      Sumner Warehouse Space Available

      25,000 square foot warehouse space for lease in Sumner.
      4301 W Valley Hwy E, Sumner, WA 98390
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    • Contact for pricing
      8,200 SF

      Sumner Warehouse Space Available

      8,200 SF warehouse space for lease in Sumner, WA.
      2920 142Nd Avenue Ct East, Sumner, WA 98390
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    • $0.70 SF/Yr

      Sumner Warehouse with SR 167 Access

      101,559 SF warehouse with immediate access to SR 167.
      14000 24Th St E, Sumner, WA 98390
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    • $0.75 SF/Yr

      Warehouse/Manufacturing Facility with Freeway Access

      48,873 SF warehouse/manufacturing facility with immediate freeway access.
      1607 136Th Ave E, Sumner, WA 98390
      View Details
    • Contact for pricing
      4,006 SF

      Sumner Warehouse Space Available

      4,006 SF warehouse space with convenient highway access.
      13701 E 24Th St, Sumner, WA 98390
      View Details
    • Contact for pricing

      Leased Office and Warehouse Buildings

      Two buildings with land parcel available for development.
      12714 Valley Ave E, Sumner, WA 98390
      View Details
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    626 Main St
    Sumner, WA 98390-1111
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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.

    More about this property
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