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Property profile & analytics
OFF-MARKET
Flex space
805 140th Ave E Ct Sumner, WA 98390-9607
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1318063
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1992
Construction
STEEL FRAME
Total area
12,600 SF
Lot
4.27 ac (186,001 SF)
Zoning code
M1
APN
420013059
UPID
US90-1318063
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
-
Rees Enterprizes, Inc. Trucking Company
-
Kam-Way Transportation Inc Trucking Company
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
Rlf IV West LLC · 2 yrs held
Rlf IV West LLC
since 2024
Last sale
$9.8M
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
$56,321
Tax year 2024
Assessed value
$5,744,900
Assessed 2024
Previous assessed
$5,744,900
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$4,497,800
Assessed improvement
$1,247,100
Land market value
$4,497,800
Improvement market value
$1,247,100
Total market value
$5,744,900
Applied tax rate
119.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
SPACE
Buildings
4
Stories
1
Units
1
Total area
12,600 SF
Lot
4.27 ac (186,001 SF)
Zoning code
M1
APN
420013059
UPID
US90-1318063
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Sumner, WAZoning M1 · permitted uses
M1 · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
4
Units
1
Lot
4.27 ac
Current owner
From public records · entity-resolved
Rlf IV West LLC
Entity
Mailing address
805 140TH AVE CT E #200, SUMNER, WA 98390-9607
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
$9,800,000
Rlf IV West LLC
Mccj Investments LLC
Warranty Deed
—
Feb 21, 2024
—
Mccj Investments LLC
—
Deed
related
$5,200,000 · North Pearl Holdings LLC
Oct 22, 2019
—
Mccj Investments LLC
—
Deed
related
$1,300,000 · First Interstate Bank
Jan 22, 2007
$350,000
Greenwater LLC
Ream Family
Warranty Deed
—
Apr 3, 2003
—
Mccj Investments LLC
C & J Investment Co
Quit Claim Deed
related
—
Apr 15, 1994
—
Nick R Jewett Estate
Cjimneti,mike V
Quit Claim Deed
related
—
Apr 10, 1990
$447,200
Chimenti Mike V
Unknown
Grant Deed
—
—
—
Chimenti Trust
—
Deed Of Trust
related
$687,117 · Fife Commercial Bank
—
—
Mccj Investments LLC
—
Deed Of Trust
related
$2,040,000 · Homestreet Bank
—
—
Mccj Investments LLC
—
Deed Of Trust
related
$1,637,977 · Heritage Bank
—
—
Mccj Investments LLC
—
Deed Of Trust
related
$1,300,000 · First Interstate Bk
—
—
Mccj Investments LLC
—
Deed Of Trust
related
$950,000 · Systran Financial Svcs Corp
—
—
Chimenti,tr
—
Deed Of Trust
related
$1,470,000 · Korum Family LP
—
—
Mccj Investments LLC
—
Deed Of Trust
related
$1,275,000 · Heritage 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.
Try Rey
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