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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Specialty properties
218 3rd St Wapato, WA 98951-1308
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1696661
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1966
Construction
WOOD
Total area
4,712 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BCOM
APN
191115-11574
UPID
US90-1696661
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
$290k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$290k
Owner & transaction history
Madelyn Properties LLC · 9 yrs held
Madelyn Properties LLC
since 2017
4 recorded transactions
Zoning & alternative use
BCOM · 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
Method
Estimation
Statistic approach
by Request
ML approach
$290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$62 / 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
$2,316
Tax year 2024
Assessed value
$292,500
Assessed 2024
Previous assessed
$286,100
+2.2% YoY
Effective rate
0.79%
On assessed value
Assessed land
$43,600
Assessed improvement
$248,900
Land market value
$43,600
Improvement market value
$248,900
Total market value
$292,500
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
4,712 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BCOM
APN
191115-11574
UPID
US90-1696661
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Wapato, WAZoning BCOM · permitted uses
BCOM · Wapato, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Madelyn Properties LLC
Entity
Mailing address
PO BOX 1091, ZILLAH, WA 98953-1091
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2017
$249,000
Madelyn Properties LLC
Alderwoods Washington LLC
Special Warranty Deed
$251,212 · Banner Bank
Jan 28, 2002
—
Alderwoods Washington INC
—
Deed Of Trust
related
$325,000,000 · Cit Group Business Credit INC
Jul 25, 1996
$237,259
Loewen Group International INC
Merritt,john C & Kerry A
Grant Deed
—
Mar 1, 1993
$153,100
John C Merritt
Unknown
Grant 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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