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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Office Spaces
823 Main St Sumner, WA 98390-1155
Individually Owned
34-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1484942
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1924
Construction
WOOD FRAME
Total area
6,364 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CBD
APN
420243030
UPID
US90-1484942
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
-
Greenlefe Cafe Services Inc Big Box & Wholesale Store
-
New Vision Upholstery LLC Furniture & Home Goods
-
Dan Kosage American Family Insurance Insurance Agency
-
Ez Documents LLLT Services Law Firm
-
Monoi USA Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$599k
Blend (final)
Blend
$880k
Owner & transaction history
Marshall S Bennett · 34 yrs held
Marshall S Bennett
since 1992
3 recorded transactions
Zoning & alternative use
CBD · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,165,000
7%
$1,080,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
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
$9,601
Tax year 2024
Assessed value
$928,800
Assessed 2024
Previous assessed
$928,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$240,800
Assessed improvement
$688,000
Land market value
$240,800
Improvement market value
$688,000
Total market value
$928,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1924
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,364 SF
Lot
0.2 ac (8,712 SF)
Zoning code
CBD
APN
420243030
UPID
US90-1484942
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Sumner, WA
Zoning CBD · permitted uses
CBD · 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
1924
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Marshall S Bennett
Individual
Mailing address
5423 MONTA VIS DR E, EDGEWOOD, WA 98372-9273
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 1992
$800,000
Marshall S Bennett
Unknown
Grant Deed
—
—
—
Bennett,m S & B M Living Trust
—
Deed Of Trust
related
$260,000 · Kitsap Bk
—
—
Bennett M S & B M Living Trust
—
Deed Of Trust
related
$342,872 · Kitsap 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.
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