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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Industrial properties
231 State Rte 241 Sunnyside, WA 98944
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-2461787
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1976
Construction
METAL FRAME
Total area
6,000 SF
Lot
7.21 ac (314,068 SF)
Zoning code
M1
APN
231032-22004
UPID
US90-2461787
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
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.05M
Owner & transaction history
David R Waller · 1 yrs held
David R Waller
since 2025
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
M1 · Sunnyside, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+18.1%
Medical building
$1.0M
+14.2%
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 Sunnyside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sunnyside 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%
$795,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$885,000
Current use
OFFICE BUILDING
$1,045,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$1,010,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.25M (Nov 6 2024)
Last sale anchor
$1.25M
Nov 6 2024
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
$175 / 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
$6,420
Tax year 2024
Assessed value
$655,100
Assessed 2024
Previous assessed
$678,600
-3.5% YoY
Effective rate
0.98%
On assessed value
Assessed land
$314,100
Assessed improvement
$341,000
Land market value
$314,100
Improvement market value
$341,000
Total market value
$655,100
Applied tax rate
463.0000
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
1976
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Total area
6,000 SF
Lot
7.21 ac (314,068 SF)
Zoning code
M1
APN
231032-22004
UPID
US90-2461787
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Sunnyside, WA
Zoning M1 · permitted uses
M1 · Sunnyside, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sunnyside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$885,000
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$785,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1976
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
7.21 ac
Current owner
From public records · entity-resolved
David R Waller
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 992, SUNNYSIDE, WA 98944-0992
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
David R Waller
Colleen A Staudinger
Quitclaim Deed
related
—
Feb 6, 2025
$1,249,995
D Ruelas Investments LLC
Hgd Waller Partnership
Warranty Deed
$1,000,000 · Hgd Waller Partnership
Jan 23, 2008
—
Hgd Waller Ptshp
Waller,homer W
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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