New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Warehouses
229 Lateral A Rd Ste 100 Wapato, WA 98951-9008
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0835255
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
METAL FRAME
Total area
10,800 SF
Lot
14.06 ac (612,454 SF)
Zoning code
AG
APN
191220-23006
UPID
US90-0835255
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
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.11M
Owner & transaction history
Wheelerverse Dba Wheelerverse INC · 1 yrs held
Wheelerverse Dba Wheelerverse INC
since 2025
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
AG · 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
$3,435,000
ML approach
$3,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $2.85M (Jul 13 2020)
Last sale anchor
$2.85M
Jul 13 2020
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
$288 / 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
$25,438
Tax year 2024
Assessed value
$2,935,000
Assessed 2024
Previous assessed
$2,612,500
+12.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$42,600
Assessed improvement
$2,892,400
Land market value
$42,600
Improvement market value
$2,892,400
Total market value
$2,935,000
Applied tax rate
562.0000
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
1988
Construction
METAL FRAME
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Total area
10,800 SF
Lot
14.06 ac (612,454 SF)
Zoning code
AG
APN
191220-23006
UPID
US90-0835255
Jurisdiction
YAKIMA
Zoning & alternative use
AG · Wapato, WA
Zoning AG · permitted uses
AG · 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
1988
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Lot
14.06 ac
Current owner
From public records · entity-resolved
Wheelerverse Dba Wheelerverse INC
Entity
Mailing address
229 LATERAL A RD, WAPATO, WA 98951-9008
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
—
Wheelerverse Dba Wheelerverse INC
Kamiakin Wheeler
Quitclaim Deed
related
$13,250,000 · Savibank
Nov 26, 2024
—
Kamiakan Wheeler
—
Deed
related
$8,721,938 · Savibank
Nov 1, 2022
—
Kamiakin Wheeler
—
Deed
related
$8,500,000 · Hopkins Western Fund LLC
Aug 11, 2022
—
Kamiakin Wheeler
—
Deed
related
$3,605,000 · Wm Real Property Holdings LLC
Dec 29, 2021
—
Kamiakin Wheeler
—
Deed
related
$500,000 · John Roeder
Apr 30, 2021
—
Kamiakin Wheeler
—
Deed
related
$1,500,000 · John Roeder
Feb 10, 2021
—
Kamiakin Wheeler
—
Deed
related
—
Jul 13, 2020
$2,848,000
Kamiakin Wheeler
Wa Land Mgmt LLC
Warranty Deed
$1,550,000 · Jpkins Us Fund LLC
Dec 23, 2019
—
Wa Land Mgmt LLC
Wa Land Mgmt LLC
Quit Claim Deed
related
—
May 8, 2017
$5,840,000
Wa Land Mgmt LLC
Spada Investments LLC
Warranty Deed
—
May 8, 2017
$2,480,000
Wa Land Mgmt LLC
Spada Investments LLC
Warranty Deed
—
May 13, 2004
$2,500,000
Spada Investments LLC
Sheriff Of Yakima County
Trustees Deed
—
Sep 1, 1998
—
H D Carlson
Pacific One Bank
Quit Claim Deed
related
$5,135,000 · Northwest Farm Credit Svcs
—
—
Spada Investments LLC
—
Deed Of Trust
related
$1,936,100 · Farm Credit Svcs
—
—
Kamiakin Wheeler
—
Deed Of Trust
related
$1,500,000 · John Roeder
—
—
Kamiakin Wheeler
—
Deed Of Trust
related
—
—
—
Carlson Orchards INC
—
Deed Of Trust
related
$1,000,000 · Northwest Farm Credit Svcs
—
—
Spada Investments LLC
—
Deed Of Trust
related
$2,000,000 · Farm Credit Svcs
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 229 Lateral A Rd Ste, Unit 100?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
