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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
1302 Walnut St, Kelso, WA 98626-2719
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0594372
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Total area
4,500 SF
Lot
1.11 ac (48,352 SF)
APN
24344
UPID
US90-0594372
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
-
Pacific Tech Construction Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$530k
Owner & transaction history
13th Street LLC · 13 yrs held
13th Street LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$745,000
+95.2%
Auto repair, garage
$620,000
+62.5%
Office building
$540,000
+42.4%
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 Kelso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kelso 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%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
RETAIL STORES
$745,000
Change: +95% · Conversion: Moderate
AUTO REPAIR, GARAGE
$620,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$540,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$118 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,396
Tax year 2023
Assessed value
$606,340
Assessed 2022
Previous assessed
$606,340
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$130,550
Assessed improvement
$475,790
Land market value
$130,550
Improvement market value
$475,790
Total market value
$606,340
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
4,500 SF
Lot
1.11 ac (48,352 SF)
APN
24344
UPID
US90-0594372
Jurisdiction
COWLITZ
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
WAREHOUSE, STORAGE Current
Est. value
$380,000
RETAIL STORES
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1989
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
13th Street LLC
Entity
Mailing address
1302 WALNUT ST, KELSO, WA 98626-2719
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
—
13th Street LLC
—
Deed
related
$1,250,000 · Hapo Community Cu
Jan 31, 2018
—
13th St LLC
—
Deed
related
$400,000 · Columbia State Bank
Feb 11, 2013
$166,015
13th Street LLC
Larry N Schlecht
Warranty Deed
$680,000 · Us Bank NA
—
—
13th Street LLC
—
Deed Of Trust
related
$120,000 · Larry N & Anna L Schlecht
—
—
Larry N Schlecht
—
Deed Of Trust
related
$460,000 · Bank Of Clark County
—
—
Larry N Schlecht
—
Deed Of Trust
related
$215,000 · Bank Of Clark County
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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