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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
2600 Donald Wapato Rd, Wapato, WA 98951-9601
Entity Owned
4-yr Hold
Property ID
US90-1806222
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Construction
MANUFACTURED
Total area
1,404 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RS
APN
191102-11417
UPID
US90-1806222
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
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$785k
Owner & transaction history
Asj Enterprises LLC · 4 yrs held
Asj Enterprises LLC
since 2021
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
RS · Wapato, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$750,000
+82.4%
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 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
$835,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$750,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $950k (Sep 7 2021)
Last sale anchor
$950k
Sep 7 2021
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
$559 / 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
$1,820
Tax year 2024
Assessed value
$209,500
Assessed 2024
Previous assessed
$172,300
+21.6% YoY
Effective rate
0.87%
On assessed value
Assessed land
$95,300
Assessed improvement
$114,200
Land market value
$95,300
Improvement market value
$114,200
Total market value
$209,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
MANUFACTURED
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,404 SF
Lot
0.27 ac (11,761 SF)
Zoning code
RS
APN
191102-11417
UPID
US90-1806222
Jurisdiction
YAKIMA
Zoning & alternative use
RS · Wapato, WA
Zoning RS · permitted uses
RS · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$750,000
WAREHOUSE, STORAGE
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
2002
Construction
MANUFACTURED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Asj Enterprises LLC
Entity
Mailing address
1309 HERITAGE HLS PL, SELAH, WA 98942-1730
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$950,000
Asj Enterprises LLC
Gsk LLC
Warranty Deed
—
Dec 6, 2016
$820,000
Gsk LLC
Heoreum INC
Warranty Deed
$760,000 · Pacific City Bank
Aug 27, 2009
—
Steve P Derrey
Staudinger,karl J & Marilyn A
Warranty Deed
—
Aug 24, 2009
—
Bryan L Lee
Derrey,steve P
Warranty Deed
—
Aug 19, 2009
$500,000
Heoreum INC
Chong,mu K & Sung H
Warranty Deed
$600,000 · Mu K & Sung H Chong
Mar 4, 2002
$280,000
Yang I Lee
Derrey,steve P
—
$388,000 · Steve P Derrey
Oct 31, 1996
—
Karl J Staudinger
Mcdonald,dan A
Quit Claim Deed
related
—
Oct 31, 1996
$165,000
Derrey,steve P
Staudinger,karl J & Marilyn A
Trustees Deed
$130,000 · Seller
—
—
Heoreum INC
—
Deed Of Trust
related
$440,000 · Hanmi Bank
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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