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Property profile & analytics
OFF-MARKET
Commercial land
6710 166th E Ave Sumner, WA 98390-2903
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0681262
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1920
Total area
806 SF
Lot
1.4 ac (61,028 SF)
Zoning code
CC
APN
520301015
UPID
US90-0681262
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
Sita 1 LLC · 9 yrs held
Sita 1 LLC
since 2017
7 recorded transactions
Zoning & alternative use
CC · 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
$11,793
Tax year 2024
Assessed value
$1,129,900
Assessed 2024
Previous assessed
$1,129,900
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,129,900
Land market value
$1,129,900
Total market value
$1,129,900
Applied tax rate
378.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
806 SF
Lot
1.4 ac (61,028 SF)
Zoning code
CC
APN
520301015
UPID
US90-0681262
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CC · Sumner, WA
Zoning CC · permitted uses
CC · 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
1920
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Sita 1 LLC
Entity
Mailing address
6616 166TH AVE E, SUMNER, WA 98390-2902
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
—
Philip L Mitchell
—
Deed
related
$14,280,000 · Rosita Robles Mitchell
Oct 4, 2018
—
Sita 1 LLC
—
Deed
related
$10,595,754 · Comerica Bank
Jul 28, 2017
—
Sita 1 LLC
—
Loan Modification
related
$58,500,000 · Keybank USA
Jul 3, 2017
$936,000
Sita 1 LLC
Gillis Real Estate Invs LLC
Warranty Deed
—
Jul 3, 2017
—
Sita 1 LLC
—
Deed
related
$9,620,000 · Keybank USA
Mar 8, 2006
$350,000
Gillis Real Estate Invs LLC
Oneill,maureen J
Warranty Deed
—
—
—
Sita 1 LLC
—
Loan Modification
related
$9,620,000 · Keybank USA
—
—
Sita 1 LLC
—
Loan Modification
related
$9,620,000 · Keybank USA
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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