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Property profile & analytics
OFF-MARKET
Distribution properties
1408 14th St Union Gap, WA 98901-3626
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-3181268
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
1970
Lot
0.21 ac (9,148 SF)
Zoning code
W/W
APN
191332-21411
UPID
US90-3181268
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
Sylvia I Hatley · 5 yrs held
Sylvia I Hatley
since 2021
Last sale
$30,000
4 recorded transactions
Zoning & alternative use
W/W · Union Gap, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Wholesale/Warehouse District (W/W). The purpose of the wholesale/warehouse district is to provide for a combination of manufacturing, warehouse, and industrially-oriented commercial uses. Uses in this district must be adequately buffered from adjacent residential neighborhoods. Residential uses are limited to caretaker's dwellings of established businesses.…
Zone name
Wholesale And Warehouse District
General category
INDUSTRIAL
Zone area
12.11 ac
Source
code of ordinances
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 Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap 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
$650
Tax year 2024
Assessed value
$73,800
Assessed 2024
Previous assessed
$57,000
+29.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$71,500
Assessed improvement
$2,300
Land market value
$71,500
Improvement market value
$2,300
Total market value
$73,800
Applied tax rate
330.0000
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Lot
0.21 ac (9,148 SF)
Zoning code
W/W
APN
191332-21411
UPID
US90-3181268
Jurisdiction
YAKIMA
Zoning & alternative use
W/W · Union Gap, WAZoning W/W · permitted uses
W/W · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Wholesale/Warehouse District (W/W). The purpose of the wholesale/warehouse district is to provide for a combination of manufacturing, warehouse, and industrially-oriented commercial uses. Uses in this district must be adequately buffered from adjacent residential neighborhoods. Residential uses are limited to caretaker's dwellings of established businesses. Development must be served by a full range of urban services, with access by paved streets with curbs, gutters, and sidewalks. J.
Zone name
Wholesale And Warehouse District
General category
INDUSTRIAL
Zone area
12.11 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Sylvia I Hatley
Individual
Free & Clear · 5 yrs held
Mailing address
1414 LEDWICH AVE, YAKIMA, WA 98902-5637
Ownership since
2021
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
Apr 27, 2021
—
Sylvia I Hatley
Hatley Family Holding Trust
Quit Claim Deed
related
—
Apr 9, 2010
—
Hatley Family Holding Trust
Hatley,luke E & Sylvia I
Quit Claim Deed
related
—
Jun 2, 2008
$30,000
Luke Hatley
Fjarli Foundation INC
Warranty Deed
—
Jan 12, 2007
—
Fjarli Foundation INC
Fjarli Trust
Quit Claim Deed
related
—
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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