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Property profile & analytics
OFF-MARKET
Industrial properties
129 Wine Country Rd Grandview, WA 98930
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0657075
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2021
Construction
METAL FRAME
Total area
1,200 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C2
APN
230923-12411
UPID
US90-0657075
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
Chris Kitzke · 14 yrs held
Chris Kitzke
since 2012
3 recorded transactions
Zoning & alternative use
C2 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 17.42.010 Purpose. § 17.42.020 Permitted uses. § 17.42.030 Permitted accessory uses. § 17.42.040 Limitations on permitted uses. § 17.42.050 Permitted conditional uses. § 17.42.060 Development standards. Chapter 17.44 C-2 GENERAL BUSINESS DISTRICT § 17.44.010 Purpose. § 17.44.020 Permitted uses. § 17.44.030 Permitted accessory uses. § 17.44.040 Limitations…
Zone name
General Business
General category
COMMERCIAL
Zone area
191.09 ac
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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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
$579
Tax year 2024
Assessed value
$64,500
Assessed 2024
Previous assessed
$65,200
-1.1% YoY
Effective rate
0.90%
On assessed value
Assessed land
$14,100
Assessed improvement
$50,400
Land market value
$14,100
Improvement market value
$50,400
Total market value
$64,500
Applied tax rate
440.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
1,200 SF
Lot
0.13 ac (5,663 SF)
Zoning code
C2
APN
230923-12411
UPID
US90-0657075
Jurisdiction
YAKIMA
Zoning & alternative use
C2 · Grandview, WAZoning C2 · permitted uses
C2 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 17.42.010 Purpose. § 17.42.020 Permitted uses. § 17.42.030 Permitted accessory uses. § 17.42.040 Limitations on permitted uses. § 17.42.050 Permitted conditional uses. § 17.42.060 Development standards. Chapter 17.44 C-2 GENERAL BUSINESS DISTRICT § 17.44.010 Purpose. § 17.44.020 Permitted uses. § 17.44.030 Permitted accessory uses. § 17.44.040 Limitations on permitted uses. § 17.44.050 Conditional uses. § 17.44.060 Development standards
Zone name
General Business
General category
COMMERCIAL
Zone area
191.09 ac
Building & site characteristics
From public records
Year built
2021
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Chris Kitzke
Individual
Mailing address
1460 N FORSELL RD, GRANDVIEW, WA 98930-9767
Ownership since
2012
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
Sep 6, 2018
—
Chris Kitzke
—
Deed
related
$128,502 · Private Individual
May 3, 2012
$140,000
Chris Kitzke
Bleyhl Farm Service INC
Warranty Deed
$135,000 · Jeffrey & Erika Barrom
—
—
Chris Kitzke
—
Deed Of Trust
related
$128,502 · Private Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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