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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Industrial properties
1505 King St Union Gap, WA 98903-3906
Individually Owned
20-yr Hold
Free & Clear
Property ID
US90-0656053
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
METAL FRAME
Total area
23,200 SF
Lot
2.25 ac (98,010 SF)
Zoning code
W/W
APN
191332-21431
UPID
US90-0656053
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
$1.21M
Blend (final)
Blend
$1.93M
Owner & transaction history
Gc-i · 20 yrs held
Gc-i
since 2006
1 recorded transaction
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,155,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$83 / 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
$13,945
Tax year 2024
Assessed value
$1,660,300
Assessed 2024
Previous assessed
$1,663,800
-0.2% YoY
Effective rate
0.84%
On assessed value
Assessed land
$489,000
Assessed improvement
$1,171,300
Land market value
$489,000
Improvement market value
$1,171,300
Total market value
$1,660,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2006
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
23,200 SF
Lot
2.25 ac (98,010 SF)
Zoning code
W/W
APN
191332-21431
UPID
US90-0656053
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.2M
RETAIL STORES
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
2006
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Gc-i
Individual
Free & Clear · 20 yrs held
Mailing address
2300 RIV RD UNIT #13, YAKIMA, WA 98902-1293
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2006
$1,096,660
Gc-i
Taft Mtn Dev LLC
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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