Back to Search
Property profile & analytics
OFF-MARKET
Retail space
117 Wapato Ave Wapato, WA 98951-1342
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1062904
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,875 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
191115-11421
UPID
US90-1062904
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
Lucas M Espindola · 10 yrs held
Lucas M Espindola
since 2015
Last sale
$63,550
7 recorded transactions
Zoning & alternative use
CBD · Wapato, 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 Wapato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wapato 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
$818
Tax year 2024
Assessed value
$103,300
Assessed 2024
Previous assessed
$92,050
+12.2% YoY
Effective rate
0.79%
On assessed value
Assessed land
$8,800
Assessed improvement
$94,500
Land market value
$8,800
Improvement market value
$94,500
Total market value
$103,300
Applied tax rate
560.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
3,875 SF
Lot
0.07 ac (3,049 SF)
Zoning code
CBD
APN
191115-11421
UPID
US90-1062904
Jurisdiction
YAKIMA
Zoning & alternative use
CBD · Wapato, WA
Zoning CBD · permitted uses
CBD · Wapato, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wapato. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Lucas M Espindola
Individual
Mailing address
117 S WAPATO AVE, WAPATO, WA 98951-1342
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2015
$165,000
Lucas M Espindola
Villa,francisco & Linda Y
Warranty Deed
$140,000 · Marla Barajas
Oct 13, 2011
—
Linda Villa
Barajas,maria
Quit Claim Deed
related
—
Jul 17, 1998
—
Maria D Barajas
Barajas,alexander
Quit Claim Deed
related
$80,000 · Beneficial Mortgage Co
Apr 12, 1990
$56,550
Maria D Barajas
Unknown
Grant Deed
—
—
—
Maria D Barajas
—
Deed Of Trust
related
$27,000 · American General Finance INC
—
—
Maria D Barajas
—
Deed Of Trust
related
$119,133 · American General Finance INC
—
—
Leondro S Barajas
—
Deed Of Trust
related
$15,000 · Household Finance Corp III
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?”
You own 117 Wapato Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
