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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Warehouses
2200 Talley Way, Kelso, WA 98626-5511
Entity Owned
Free & Clear
Property ID
US90-0024671
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Total area
6,132 SF
Lot
0.4 ac (17,424 SF)
APN
2406801
UPID
US90-0024671
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
-
Sandquist Cabinets General Contractor Renovation Specialist
-
Right-Way CDL Academy Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$755k
Owner & transaction history
Mayeda Properties LLC
Mayeda Properties LLC
since 2025
Last sale
$750,322
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+96.1%
Retail stores
$1.0M
+95.2%
Auto repair, garage
$845,000
+62.5%
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 Kelso submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kelso 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
$495,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
RESTAURANT
$1,020,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +95% · Conversion: Moderate
AUTO REPAIR, GARAGE
$845,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$740,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±10% · vs last sale $750k (Jul 1 2025)
Last sale anchor
$750k
Jul 1 2025
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
$123 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,376
Tax year 2023
Assessed value
$440,840
Assessed 2022
Previous assessed
$440,840
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$47,050
Assessed improvement
$393,790
Land market value
$47,050
Improvement market value
$393,790
Total market value
$440,840
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
6,132 SF
Lot
0.4 ac (17,424 SF)
APN
2406801
UPID
US90-0024671
Jurisdiction
COWLITZ
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
$520,000
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$845,000
OFFICE BUILDING
Est. value
$740,000
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE 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
Year built
1967
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Mayeda Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2200 TALLEY WAY, KELSO, WA 98626-5511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2025
$750,322
Mayeda Properties LLC
Jefferson A Sandquist
Warranty Deed
—
Apr 26, 2022
—
Jeff Sandquist
—
Deed
related
$520,000 · Banner Bank
Apr 29, 2021
$650,000
Jeff Sandquist
200 Talley Way LLC
Warranty Deed
$510,000 · Scott Henersude
May 24, 2018
—
200 Talley Way LLC
—
Deed
related
$318,750 · Private Individual
Nov 10, 2016
$450,000
200 Talley Way LLC
Talent Ents LLC
Warranty Deed
$255,000 · Rain City Cap
Apr 6, 2005
$925,000
Talent Ents LLC
Circle M LLC
Warranty Deed
$386,250 · West Coast Bank
Nov 3, 1997
$196,000
Circle M LLC
—
Warranty Deed
related
—
—
—
200 Talley Way LLC
—
Deed Of Trust
related
$318,750 · Private Individual
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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