Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,465,000
Warehouses
2304 Nob Hl Blvd Yakima, WA 98901-9502
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1150677
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
117,048 SF
Lot
13.96 ac (608,098 SF)
Zoning code
COM
APN
191329-41401
UPID
US90-1150677
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
-
U-Box at U-Haul Moving Company Storage Facility
-
Truck Sales at U-Haul Car Dealership
-
Propane Refill at U-Haul Storage Facility
-
Trailer Rental at U-Haul Car Rental Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.47M
Owner & transaction history
Arec 33 LLC · 7 yrs held
Arec 33 LLC
since 2019
7 recorded transactions
Zoning & alternative use
COM · Yakima, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$64 / 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
$57,884
Tax year 2024
Assessed value
$5,602,500
Assessed 2024
Previous assessed
$5,469,000
+2.4% YoY
Effective rate
1.03%
On assessed value
Assessed land
$1,824,800
Assessed improvement
$3,777,700
Land market value
$1,824,800
Improvement market value
$3,777,700
Total market value
$5,602,500
Applied tax rate
333.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
10
Stories
1
Total area
117,048 SF
Lot
13.96 ac (608,098 SF)
Zoning code
COM
APN
191329-41401
UPID
US90-1150677
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Yakima, WAZoning COM · permitted uses
COM · Yakima, 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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
10
Lot
13.96 ac
Current owner
From public records · entity-resolved
Arec 33 LLC
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2019
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
Mar 12, 2019
—
Arec 33 LLC
Amerco Real Estate Company
Warranty Deed
$49,810,000 · Bmo Harris Bank NA
Mar 12, 2018
$3,775,000
Amerco Real Estate Co
Seritage Kmt Finance LLC
Grant Deed
—
Jul 27, 2015
—
Seritage Kmt Finance LLC
Kmart Of Washington LLC
Bargain And Sale Deed
—
Jul 20, 2009
—
City Of Yakima
State Of Washington
Quit Claim Deed
related
—
Oct 28, 2004
—
Kmart Of Washington LLC
Kmart Corp
Quit Claim Deed
related
—
May 6, 2003
—
K Mart Corp
—
Deed Of Trust
related
$460,000,000 · William Kaye Trustee
Jul 31, 2000
—
Kmart Corp
Glimcher Centers LP
Grant Deed
related
—
Jan 28, 1994
$2,179,213
Glimcher Centers LP
Rivers Edge Plaza Assoc LP
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.
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 2304 Nob Hl Blvd?
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.
