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Property profile & analytics
FOR LEASE
Manufacturing properties
1125 Sheridan Ave Prosser, WA 99350
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-2220976
For Lease
1 / 8
$108 SF/Yr
1125 Sheridan Ave, Prosser, WA 99350
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
280,037 SF
Lot
5.4 ac (235,224 SF)
Zoning code
76
APN
102844020045024
UPID
US90-2220976
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
-
FruitSmart Inc Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.64M
Owner & transaction history
Fruitsmart INC · 5 yrs held
Fruitsmart INC
since 2021
Last sale
$15.4M
4 recorded transactions
Zoning & alternative use
76 · Prosser, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$25.8M
+244.5%
Industrial (general)
$18.8M
+150.2%
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 Prosser submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prosser 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
$20,225,000
ML approach
$11,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$25,830,000
Change: +245% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,760,000
Change: +150% · Conversion: Difficult
Blend value · Realmo final
$15.64M
Range $14.08M – $17.20M · ±10% · vs last sale $15.37M (Mar 18 2021)
Last sale anchor
$15.37M
Mar 18 2021
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
$56 / 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
Property tax & assessments
Assessed value
$4,051,390
Assessed 2023
Previous assessed
$3,428,410
+18.2% YoY
Assessed land
$124,670
Assessed improvement
$3,926,720
Land market value
$124,670
Improvement market value
$3,926,720
Total market value
$4,051,390
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
For Lease
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Total area
280,037 SF
Lot
5.4 ac (235,224 SF)
Zoning code
76
APN
102844020045024
UPID
US90-2220976
Jurisdiction
BENTON
Zoning & alternative use
76 · Prosser, WA
Zoning 76 · permitted uses
76 · Prosser, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prosser. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$25.8M
INDUSTRIAL (GENERAL)
Est. value
$18.8M
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Buildings
2
Lot
5.4 ac
Current owner
From public records · entity-resolved
Fruitsmart INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 177, PROSSER, WA 99350-0177
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
$15,366,573
Fruitsmart INC
Rejg LLC
Warranty Deed
—
Dec 30, 2019
—
Rejg LLC
Fspr LLC
Grant Deed
related
—
May 2, 2016
$3,300,000
Fspr LLC
Conagra Foods Lamb Weston INC
Grant Deed
$2,625,000 · Bank Of The West
Oct 23, 2007
$9,569,499
Conagra Foods Lamb Weston INC
Twin City Foods INC
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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