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Property profile & analytics
OFF-MARKET
Estimated value
$18,595,000
Distribution centers
1968 J St Yakima, WA 98902
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2671579
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Construction
METAL FRAME
Total area
193,955 SF
Lot
9.94 ac (432,986 SF)
Zoning code
GC
APN
181314-41417
UPID
US90-2671579
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
-
Northwest Harvest Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.49M
Blend (final)
Blend
$18.60M
Owner & transaction history
Northwest Harvest · 3 yrs held
Northwest Harvest
since 2023
1 recorded transaction
Zoning & alternative use
GC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$25.9M
+43.6%
Auto repair, garage
$24.7M
+37.0%
Retail stores
$23.7M
+31.4%
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 Yakima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yakima 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
WAREHOUSE, STORAGE
$18,015,000
Current use
OFFICE BUILDING
$25,875,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$24,675,000
Change: +37% · Conversion: Easy
RETAIL STORES
$23,670,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$22,185,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$18.60M
Range $16.74M – $20.45M · ±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
$96 / 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
$320,672
Tax year 2024
Assessed value
$37,498,850
Assessed 2024
Previous assessed
$20,218,650
+85.5% YoY
Effective rate
0.86%
On assessed value
Assessed land
$2,338,050
Assessed improvement
$35,160,800
Land market value
$2,338,050
Improvement market value
$35,160,800
Total market value
$37,498,850
Applied tax rate
333.0000
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 centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Construction
METAL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
193,955 SF
Lot
9.94 ac (432,986 SF)
Zoning code
GC
APN
181314-41417
UPID
US90-2671579
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WA
Zoning GC · permitted uses
GC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$18.0M
OFFICE BUILDING
Est. value
$25.9M
AUTO REPAIR, GARAGE
Est. value
$24.7M
RETAIL STORES
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$22.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
9.94 ac
Current owner
From public records · entity-resolved
Northwest Harvest
Individual
Mailing address
PO BOX 12272, SEATTLE, WA 98102-0272
Ownership since
2023
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
Feb 22, 2023
—
Northwest Harvest
—
Deed
related
$3,150,000 · Department Of Commerce Community Capital
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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