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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Retail properties & Spaces
146 Railex Rd, Burbank, WA 99323-9001
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1992684
Property summary
AI-generated overview
This exceptional industrial property located at 146 Railex Road presents a unique investment opportunity. The single-tenant warehouse boasts 5,200 square feet of space, all currently vacant and ready for immediate occupancy. Built in 1980, this one-story building sits on a generous two-acre lot, providing ample space for expansion or outdoor storage. The property is zoned for industrial use, offering flexibility for a variety of businesses. Key features include a single building with no elevators. The asking rent is $3,500 per month. The property's convenient location in Walla Walla County, coupled with its substantial size and industrial zoning, makes it an ideal choice for businesses seeking a functional and spacious warehouse. The parcel number is 310834510048. This is a rare chance to acquire a well-situated, sizable warehouse in a desirable location. The property is ready for immediate use, presenting a significant advantage for businesses needing quick access to operational space. Don't miss this opportunity to secure this prime industrial asset. Contact us today to schedule a showing.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1980
Total area
10,160 SF
Lot
10.16 ac (442,570 SF)
APN
310834510048
UPID
US90-1992684
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
-
Horizon AG Products Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$530k
Blend (final)
Blend
$615k
Owner & transaction history
Railex LLC · 4 yrs held
Railex LLC
since 2022
Last sale
$624,969
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Burbank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burbank 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
$585,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$540,000
Current use
COMMERCIAL (GENERAL)
$520,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $625k (May 12 2022)
Last sale anchor
$625k
May 12 2022
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
$61 / 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
$6,620
Tax year 2021
Assessed value
$544,600
Assessed 2023
Previous assessed
$544,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$166,300
Assessed improvement
$378,300
Land market value
$166,300
Improvement market value
$378,300
Total market value
$544,600
Applied tax rate
328.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1980
Heating
BASEBOARD
Stories
1
Total area
10,160 SF
Lot
10.16 ac (442,570 SF)
APN
310834510048
UPID
US90-1992684
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$520,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
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
1980
Heating
BASEBOARD
Stories
1
Lot
10.16 ac
Current owner
From public records · entity-resolved
Railex LLC
Entity
Mailing address
146 RAILEX RD, BURBANK, WA 99323-9001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2025
—
Railex Dodd LLC
—
Deed
related
—
May 12, 2022
—
Railex LLC
Brad Beauchamp
Quit Claim Deed
related
$650,000 · Gesa Cu
Jan 25, 2019
$624,969
Brad Beauchamp
Soil Life Systems INC
Warranty Deed
$545,000 · Soil Life System Incorp
Nov 19, 2014
—
Soil Life Systems Incorporated
Robert R Kressin
Warranty Deed
—
Mar 19, 2009
$260,000
Soil Life Systems Incorporated
Robert R Kressin
Contract Sale
—
Feb 1, 2008
—
Robert R Kressin
Robert R Kressin
Re-recorded Document
related
—
Aug 25, 2005
—
State Of Washington
Robert R Kressin
Warranty Deed
—
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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