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Property profile & analytics
OFF-MARKET
Industrial properties
2607 Pleasant Ave Union Gap, WA 98903-9324
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3223198
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2006
Construction
WOOD
Total area
4,080 SF
Lot
1.34 ac (58,370 SF)
Zoning code
LI
APN
181201-32404
UPID
US90-3223198
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mike Hollingbery · 18 yrs held
Mike Hollingbery
since 2008
5 recorded transactions
Zoning & alternative use
LI · Union Gap, WA
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 Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap 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
—
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
$2,381
Tax year 2024
Assessed value
$342,450
Assessed 2024
Previous assessed
$343,350
-0.3% YoY
Effective rate
0.70%
On assessed value
Assessed land
$75,650
Assessed improvement
$266,800
Land market value
$75,650
Improvement market value
$266,800
Total market value
$342,450
Applied tax rate
300.0000
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
2006
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
4,080 SF
Lot
1.34 ac (58,370 SF)
Zoning code
LI
APN
181201-32404
UPID
US90-3223198
Jurisdiction
YAKIMA
Zoning & alternative use
LI · Union Gap, WAZoning LI · permitted uses
LI · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
1.34 ac
Current owner
From public records · entity-resolved
Mike Hollingbery
Individual
Mailing address
PO BOX 665, SELAH, WA 98942-0665
Ownership since
2008
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
Jan 8, 2008
$155,500
Mike Hollingbery
Riddle,gary L & Ena B
Warranty Deed
$120,000 · American West Bank
Aug 10, 2006
—
Gary L Riddle
Systems West LLC
Grant Deed
related
—
Jul 28, 2006
$107,000
Gary L Riddle
Systems West LLC
Warranty Deed
—
—
—
Gary L Riddle
—
Deed Of Trust
related
$100,000 · Yakima National Bank
—
—
Michael B Hollingbery
—
Deed Of Trust
related
$115,117 · Yakima National 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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