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Property profile & analytics
OFF-MARKET
Estimated value
$2,675,000
Manufacturing properties
1215 Poplar St Walla Walla, WA 99362-2780
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1992873
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1962
Total area
40,000 SF
Lot
2.78 ac (121,097 SF)
APN
360730130009
UPID
US90-1992873
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
-
Bergevin Lane Vineyards Production Facility Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.76M
CAP Approach
CAP
$3.62M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$2.68M
Owner & transaction history
Kittson LLC · 6 yrs held
Kittson LLC
since 2020
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+74.5%
Restaurant
$3.3M
+43.7%
Auto repair, garage
$2.8M
+23.6%
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 Walla Walla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walla Walla 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
$2,945,000
ML approach
$2,755,000
CAP Approach
CAP Return
Estimation
6%
$3,915,000
6.5%
$3,615,000
7%
$3,355,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,275,000
Current use
OFFICE BUILDING
$3,965,000
Change: +74% · Conversion: Difficult
RESTAURANT
$3,265,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,810,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,735,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$2,260,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,255,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.94M · ±10% · vs last sale $2.50M (May 14 2020)
Last sale anchor
$2.50M
May 14 2020
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
$67 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$15,646
Tax year 2021
Assessed value
$1,308,900
Assessed 2023
Previous assessed
$1,308,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$426,100
Assessed improvement
$882,800
Land market value
$426,100
Improvement market value
$882,800
Total market value
$1,308,900
Applied tax rate
1.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1962
Heating
HEAT PUMP
Stories
1
Total area
40,000 SF
Lot
2.78 ac (121,097 SF)
APN
360730130009
UPID
US90-1992873
Jurisdiction
WALLA WALLA
Zoning & alternative use
Zoning · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$4.0M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (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
1962
Heating
HEAT PUMP
Stories
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Kittson LLC
Entity
Mailing address
5602 W 40TH AVE, KENNEWICK, WA 99338-5180
Ownership since
2020
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
May 14, 2020
$2,500,000
Kittson LLC
Penelope A Blackburn
Warranty Deed
$2,250,000 · Calvin Mitch Blackburn Credit Shelt
Jan 7, 2020
—
Penelope A Blackburn
Penelope A Blackburn
Intrafamily Transfer
related
—
Feb 9, 2018
—
Penelope A Blackburn
Penelope A Blackburn
Intrafamily Transfer
related
$500,000 · Community 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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