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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Industrial properties
2301 38th Ave Yakima, WA 98903-2501
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2664509
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2014
Construction
METAL FRAME
Total area
6,200 SF
Lot
4.65 ac (202,554 SF)
Zoning code
M1
APN
181203-21401
UPID
US90-2664509
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
-
Alpine Dirt Works LLC General Contractor Construction Company
-
Precision Metal Works LLC Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$780k
Owner & transaction history
City Of Yakima · 9 yrs held
City Of Yakima
since 2017
7 recorded transactions
Zoning & alternative use
M1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+18.9%
Office building
$1.2M
+14.4%
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%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,010,000
Current use
MEDICAL BUILDING
$1,200,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,155,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$126 / 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
$6,929
Tax year 2024
Assessed value
$772,100
Assessed 2024
Previous assessed
$767,100
+0.7% YoY
Effective rate
0.90%
On assessed value
Assessed land
$263,400
Assessed improvement
$508,700
Land market value
$263,400
Improvement market value
$508,700
Total market value
$772,100
Applied tax rate
584.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2014
Construction
METAL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,200 SF
Lot
4.65 ac (202,554 SF)
Zoning code
M1
APN
181203-21401
UPID
US90-2664509
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WAZoning M1 · permitted uses
M1 · Yakima, WA
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$845,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2014
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
4.65 ac
Current owner
From public records · entity-resolved
City Of Yakima
Entity
Mailing address
4001 AHTANUM RD, YAKIMA, WA 98903-1148
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2017
—
City Of Yakima
Taffolla,cande & Tawana
Quit Claim Deed
related
—
Apr 15, 2013
—
Cande Taffolla
David Giussi
Special Warranty Deed
$458,100 · Central Valley Bank
Nov 16, 2012
$235,000
David B Giussi
Falcon Aviation LLC
Grant Deed
—
Oct 22, 2012
$235,000
Cande Taffolla
Falcon Aviation LLC
Dual Purpose Document
$211,500 · Falcon Aviation LLC
Jul 24, 2008
—
Falcon Aviation LLC
Giussi,david
Quit Claim Deed
related
—
Aug 11, 2006
—
Kgb & D LLC
M & M Plaza Ptshp
Quit Claim Deed
related
—
Aug 11, 2006
$405,000
Houk Yakima LLC
Kgb & D LLC
Warranty Deed
$364,500 · Washington Trust Bank
Nov 3, 2005
$45,000
David Giussi
M & M Plaza Ptshp
Warranty Deed
—
May 31, 2005
$79,000
Plaza Ptshp
Woerner,delmar F
Warranty Deed
—
—
—
Cande Taffolla
—
Deed Of Trust
related
$214,000 · Northwest Busn Dev Assn
—
—
David B Giussi
—
Deed Of Trust
related
$919,227 · Colby Investments INC
—
—
Taffolla,cande & Tawana
—
Loan Modification
related
$254,466 · Central Vly Bk
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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