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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail properties & Spaces
1215 12th Meade Ave Prosser, WA 99350-1423
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1235791
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,861 SF
Lot
0.13 ac (5,597 SF)
Zoning code
71
APN
101843020084004
UPID
US90-1235791
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
-
Free Spirit Wellness Collaboration Gym & Fitness Center
-
Shear Delite Hair Salon Nail Salon
-
Free Expression Studio (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$458k
Blend (final)
Blend
$575k
Owner & transaction history
Badazz Heifers LLC · 2 yrs held
Badazz Heifers LLC
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
71 · Prosser, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$860,000
+23.5%
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
$510,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
OFFICE BUILDING
$860,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $600k (Sep 28 2023)
Last sale anchor
$600k
Sep 28 2023
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
$149 / 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
$184,050
Assessed 2023
Previous assessed
$174,020
+5.8% YoY
Assessed land
$38,920
Assessed improvement
$145,130
Land market value
$38,920
Improvement market value
$145,130
Total market value
$184,050
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Total area
3,861 SF
Lot
0.13 ac (5,597 SF)
Zoning code
71
APN
101843020084004
UPID
US90-1235791
Jurisdiction
BENTON
Zoning & alternative use
71 · Prosser, WAZoning 71 · permitted uses
71 · Prosser, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$695,000
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES Current
OFFICE BUILDING
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
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Lot
0.13 ac
Current owner
From public records · entity-resolved
Badazz Heifers LLC
Entity
Free & Clear · 2 yrs held
Mailing address
12206 N 1526TH PR NW, PROSSER, WA 99350-9360
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2023
$600,000
Badazz Heifers LLC
J & S Dixon Properties LLC
Warranty Deed
—
Nov 16, 2017
—
J & S Dixon Properties LLC
Meadows 166 LLC
Quit Claim Deed
related
—
Jul 6, 2017
—
Noel J Nechanicky
Harsh,ella E
Quit Claim Deed
related
—
Jul 6, 2017
$127,500
Meadows 166 LLC
Nechanicky,noel J
Warranty Deed
—
Jul 6, 2017
$80,000
Joel J Nechanicky
Harsh,ella E
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.
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