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Property profile & analytics
OFF-MARKET
Warehouses
12 Hoffer Rd Wapato, WA 98951-8525
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2025920
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,530 SF
Lot
82.53 ac (3,595,007 SF)
Zoning code
M1
APN
191115-31008
UPID
US90-2025920
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
Legacy Fruit Packers And Warehouser · 7 yrs held
Legacy Fruit Packers And Warehouser
since 2018
7 recorded transactions
Zoning & alternative use
M1 · 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
$153,487
Tax year 2024
Assessed value
$19,370,400
Assessed 2024
Previous assessed
$18,755,100
+3.3% YoY
Effective rate
0.79%
On assessed value
Assessed land
$578,300
Assessed improvement
$18,792,100
Land market value
$578,300
Improvement market value
$18,792,100
Total market value
$19,370,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
8
Stories
1
Total area
1,530 SF
Lot
82.53 ac (3,595,007 SF)
Zoning code
M1
APN
191115-31008
UPID
US90-2025920
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Wapato, WA
Zoning M1 · permitted uses
M1 · 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Lot
82.53 ac
Current owner
From public records · entity-resolved
Legacy Fruit Packers And Warehouser
Individual
Mailing address
12 HOFFER RD, WAPATO, WA 98951-8525
Ownership since
2018
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
Dec 21, 2018
$7,039,725
Legacy Fruit Packers And Warehouser
Legacy Fruit Packers LLC
Quit Claim Deed
related
$20,000,000 · Conterra Agricultural Capital LLC
Dec 20, 2018
—
Rso Properties LLC
Valley Fruit II LLC
Grant Deed
$20,000,000 · Conterra Agricultural Cap LLC
Aug 26, 2015
—
Valley Fruit III LLC
—
Trustees Deed
related
$2,000,000 · Farm Credit Svcs
—
—
Valley Fruit III LLC
—
Loan Modification
related
$3,600,000 · Farm Credit Svcs
—
—
Valley Fruit III LLC|legacy Fruit Packers LLC
—
Loan Modification
related
$3,600,000 · Farm Credit Svcs
—
—
Valley Fruit III LLC
—
Deed Of Trust
related
$11,999,900 · Farm Credit Svcs
—
—
Valley Fruit III LLC
—
Loan Modification
related
$2,600,000 · Farm Credit Svcs
—
—
Valley Fruit III LLC
—
Deed Of Trust
related
$2,400,000 · Farm Credit Svcs
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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