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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
1228 Franklin Rd Tieton, WA 98947
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-2422825
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
WOOD
Total area
6,464 SF
Lot
1.54 ac (67,082 SF)
Zoning code
R1
APN
161413-11401
UPID
US90-2422825
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
$955k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Mettie Properties LLC · 10 yrs held
Mettie Properties LLC
since 2016
4 recorded transactions
Zoning & alternative use
R1 · Tieton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent is to promote single family dwelllings
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
150.01 ac
Source
Realmo
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 Tieton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tieton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$955,000
7%
$890,000
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
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
$110 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,064
Tax year 2024
Assessed value
$119,400
Assessed 2024
Previous assessed
$111,000
+7.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$53,700
Assessed improvement
$65,700
Land market value
$53,700
Improvement market value
$65,700
Total market value
$119,400
Applied tax rate
500.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1950
Construction
WOOD
Heating
NONE
Stories
1
Total area
6,464 SF
Lot
1.54 ac (67,082 SF)
Zoning code
R1
APN
161413-11401
UPID
US90-2422825
Jurisdiction
YAKIMA
Zoning & alternative use
R1 · Tieton, WAZoning R1 · permitted uses
R1 · Tieton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent is to promote single family dwelllings
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
150.01 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Mettie Properties LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 383, TIETON, WA 98947-0383
Ownership since
2016
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
Feb 5, 2016
$79,600
Mettie Properties LLC
Mettie John H
Grant Deed
—
Dec 30, 2014
$79,600
Jim Ketchum
Mettie,john H
Dual Purpose Document
$79,100 · John H Mettie
Dec 20, 1988
$40,800
John H Mettie
Unknown
Grant Deed
—
—
—
Donald B Willey
—
Deed Of Trust
related
$35,000 · Beneficial Washington INC
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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