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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Warehouses
2581 Evans Rd Wapato, WA 98951-9808
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-2259794
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
METAL FRAME
Total area
5,292 SF
Lot
110.12 ac (4,796,827 SF)
Zoning code
AG
APN
181115-32003
UPID
US90-2259794
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
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.32M
Owner & transaction history
Mbn Land LLC · 1 yrs held
Mbn Land LLC
since 2024
Last sale
$1.3M
5 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
$1,320,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±10% · vs last sale $1.32M (Oct 3 2024)
Last sale anchor
$1.32M
Oct 3 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
$249 / 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
$40,808
Tax year 2024
Assessed value
$4,682,250
Assessed 2024
Previous assessed
$4,682,250
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$289,650
Assessed improvement
$4,392,600
Land market value
$628,700
Improvement market value
$4,392,600
Total market value
$5,021,300
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
2017
Construction
METAL FRAME
Heating
SPACE
Buildings
3
Stories
1
Total area
5,292 SF
Lot
110.12 ac (4,796,827 SF)
Zoning code
AG
APN
181115-32003
UPID
US90-2259794
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
2017
Construction
METAL FRAME
Heating
SPACE
Stories
1
Buildings
3
Lot
110.12 ac
Current owner
From public records · entity-resolved
Mbn Land LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 1849TH ZILLAH
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2024
$1,319,361
Mbn Land LLC
Sk Land LLC
Contract Sale
—
Jul 9, 2015
—
Sk Land LLC
Havilah Farms
Grant Deed
—
Feb 6, 2015
$1,700,000
Sk Land LLC|havilah Farms
Havilah Farms
Dual Purpose Document
related
$850,000 · Havilah Farms
Apr 14, 2014
$1,059,888
Havilah Farms
Weijohn Farms INC
Warranty Deed
—
Apr 9, 2009
$1,059,887
Havilah Farms
Weijohn Farms INC
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.
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