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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Commercial land
248 Division St Grandview, WA 98930-1357
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-1462266
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,375 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C2
APN
230923-13435
UPID
US90-1462266
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
-
Iglesia De Cristo Palabra De Vida Church Mosque
-
Clinica Con Fernando Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.02M
Owner & transaction history
Decristo Palabra Devid Iglesia · 17 yrs held
Decristo Palabra Devid Iglesia
since 2009
1 recorded transaction
Zoning & alternative use
C2 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 17.42.010 Purpose. § 17.42.020 Permitted uses. § 17.42.030 Permitted accessory uses. § 17.42.040 Limitations on permitted uses. § 17.42.050 Permitted conditional uses. § 17.42.060 Development standards. Chapter 17.44 C-2 GENERAL BUSINESS DISTRICT § 17.44.010 Purpose. § 17.44.020 Permitted uses. § 17.44.030 Permitted accessory uses. § 17.44.040 Limitations…
Zone name
General Business
General category
COMMERCIAL
Zone area
191.09 ac
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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$109 / 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
Tax year 2024
Assessed value
$12,600
Assessed 2024
Previous assessed
$12,600
+0.0% YoY
Effective rate
0.20%
On assessed value
Assessed land
$12,600
Land market value
$12,600
Total market value
$12,600
Applied tax rate
440.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
9,375 SF
Lot
0.07 ac (3,049 SF)
Zoning code
C2
APN
230923-13435
UPID
US90-1462266
Jurisdiction
YAKIMA
Zoning & alternative use
C2 · Grandview, WAZoning C2 · permitted uses
C2 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 17.42.010 Purpose. § 17.42.020 Permitted uses. § 17.42.030 Permitted accessory uses. § 17.42.040 Limitations on permitted uses. § 17.42.050 Permitted conditional uses. § 17.42.060 Development standards. Chapter 17.44 C-2 GENERAL BUSINESS DISTRICT § 17.44.010 Purpose. § 17.44.020 Permitted uses. § 17.44.030 Permitted accessory uses. § 17.44.040 Limitations on permitted uses. § 17.44.050 Conditional uses. § 17.44.060 Development standards
Zone name
General Business
General category
COMMERCIAL
Zone area
191.09 ac
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Decristo Palabra Devid Iglesia
Individual
Mailing address
248 DIVISION ST, GRANDVIEW, WA 98930-1357
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2009
—
Decristo Palabra Devid Iglesia
Salvation Army
Grant Deed
$110,920 · Equity Network LLC
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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