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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Warehouses
206 Trader St Wapato, WA 98951-1573
Individually Owned
17-yr Hold
Free & Clear
Property ID
US90-2594175
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,508 SF
Lot
1.83 ac (79,715 SF)
Zoning code
M1
APN
191115-11573
UPID
US90-2594175
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
$3.00M
Owner & transaction history
Ignacio Martinez · 17 yrs held
Ignacio Martinez
since 2008
6 recorded transactions
Zoning & alternative use
M1 · Wapato, WA
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 Wapato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wapato 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
$84 / 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
$3,040
Tax year 2024
Assessed value
$384,000
Assessed 2024
Previous assessed
$341,300
+12.5% YoY
Effective rate
0.79%
On assessed value
Assessed land
$39,800
Assessed improvement
$344,200
Land market value
$39,800
Improvement market value
$344,200
Total market value
$384,000
Applied tax rate
560.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
35,508 SF
Lot
1.83 ac (79,715 SF)
Zoning code
M1
APN
191115-11573
UPID
US90-2594175
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Wapato, WA
Zoning M1 · permitted uses
M1 · Wapato, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wapato. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Ignacio Martinez
Individual
Free & Clear · 17 yrs held
Mailing address
PO BOX 215, WAPATO, WA 98951-0215
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2008
—
Ignacio Martinez
Martinez,josefa
Quit Claim Deed
—
Apr 12, 2006
$215,000
Ignacio Martinez
Lynch,william C
Warranty Deed
—
—
—
Ignacio Martinez
—
Deed Of Trust
related
$218,000 · Josefa Martinez
—
—
William C Lynch Estate
—
Deed Of Trust
related
$12,000 · Cls Mortgage INC
—
—
William C Lynch Estate
—
Deed Of Trust
related
$177,000 · Cls Mortgage INC
—
—
Barbara Lynch
—
Deed Of Trust
related
$20,000 · Steve & Nancy Buck
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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