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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Warehouses
1800 Rd Nne, Moses Lake, WA 98837-9816
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1016961
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2012
Total area
49,600 SF
Lot
47.84 ac (2,083,910 SF)
APN
312890000
UPID
US90-1016961
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
$5.46M
Comparable Approach
Comparable
$5.80M
Blend (final)
Blend
$4.98M
Owner & transaction history
Jl Ventures LLC · 6 yrs held
Jl Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+91.8%
Retail stores
$4.1M
+11.9%
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 Moses Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moses Lake 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%
$5,915,000
6.5%
$5,460,000
7%
$5,070,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,705,000
Current use
COMMERCIAL (GENERAL)
$7,105,000
Change: +92% · Conversion: Difficult
RETAIL STORES
$4,145,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±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
$100 / 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
Property tax & assessments
Assessed value
$12,891,923
Assessed 2023
Previous assessed
$8,624,575
+49.5% YoY
Assessed land
$335,050
Assessed improvement
$12,556,873
Land market value
$335,050
Improvement market value
$12,556,873
Total market value
$12,891,923
Applied tax rate
161.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
8
Total area
49,600 SF
Lot
47.84 ac (2,083,910 SF)
APN
312890000
UPID
US90-1016961
Jurisdiction
GRANT
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
$3.7M
COMMERCIAL (GENERAL)
Est. value
$7.1M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
2012
Heating
NONE
Buildings
8
Lot
47.84 ac
Current owner
From public records · entity-resolved
Jl Ventures LLC
Entity
Mailing address
PO BOX 337, MOSES LAKE, WA 98837-0054
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
—
Jl Ventures LLC
—
Deed
related
$3,899,426 · Washington Trust Bank
Jan 3, 2022
—
Jl Ventures LLC
—
Deed
related
$6,452,916 · Washington Trust Bank
Jun 30, 2020
—
Jl Ventures LLC
—
Deed
related
$25,000 · Washington Trust Bank
Oct 14, 2019
—
Jl Ventures LLC
Jl Ventures LLC
Quit Claim Deed
related
—
Jul 29, 2019
—
Jl Ventures LLC
—
Deed
related
$638,900 · Washington Trust Bank
Nov 2, 2018
—
Jl Ventures LLC
Jl Venturee LLC
Quit Claim Deed
related
—
Feb 29, 2012
—
Jl Ventures LLC
Jl Ventures LLC
Quit Claim Deed
related
—
Apr 4, 2011
—
Jl Ventures LLC
Wright,john L & Lexie F
Quit Claim Deed
related
—
Sep 19, 2008
$110,200
John L Wright
Central Terminals LLC
Warranty Deed
related
—
Jan 22, 2008
—
John L Wright
C 1031 Properties INC
Quit Claim Deed
related
—
Feb 6, 2007
—
Central Terminals LLC
Washington Trust Bank
Quit Claim Deed
related
—
Jan 23, 2007
$150,000
C 1031 Properties INC
Central Terminals LLC
Warranty Deed
—
—
—
Jl Ventures LLC
—
Loan Modification
related
$5,000,000 · Washington Tr Bk
—
—
John L Wright
—
Deed Of Trust
related
$300,000 · Washington Trust Bank
—
—
Jl Ventures LLC
—
Deed Of Trust
related
$3,830,446 · Washington Trust Bank
—
—
John L Wright
—
Deed Of Trust
related
$990,000 · Washington Trust Bank
—
—
John L Wright
—
Deed Of Trust
related
$1,127,917 · Washington Trust Bank
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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