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Property profile & analytics
OFF-MARKET
Retail space
2nd St W H Ave Grandview, WA 98930
Individually Owned
17-yr Hold
Free & Clear
Property ID
US90-0659362
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,465 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C1
APN
230923-23441
UPID
US90-0659362
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
Ernest W Charvet · 17 yrs held
Ernest W Charvet
since 2008
2 recorded transactions
Zoning & alternative use
C1 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
§ 17.40.040 Parking. Chapter 17.41 O OFFICE DISTRICT § 17.41.010 Purpose. § 17.41.020 Permitted uses. § 17.41.030 Permitted accessory uses. § 17.41.040 Conditional uses. § 17.41.050 Development standards. Chapter 17.42 C-1 NEIGHBORHOOD BUSINESS DISTRICT § 17.42.010 Purpose. § 17.42.020 Permitted uses. § 17.42.030 Permitted accessory uses. § 17.42.040 Limitat…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
0.97 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
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
$1,089
Tax year 2024
Assessed value
$124,050
Assessed 2024
Previous assessed
$115,050
+7.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$29,450
Assessed improvement
$94,600
Land market value
$29,450
Improvement market value
$94,600
Total market value
$124,050
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
1
Total area
3,465 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C1
APN
230923-23441
UPID
US90-0659362
Jurisdiction
YAKIMA
Zoning & alternative use
C1 · Grandview, WAZoning C1 · permitted uses
C1 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
§ 17.40.040 Parking. Chapter 17.41 O OFFICE DISTRICT § 17.41.010 Purpose. § 17.41.020 Permitted uses. § 17.41.030 Permitted accessory uses. § 17.41.040 Conditional uses. § 17.41.050 Development standards. Chapter 17.42 C-1 NEIGHBORHOOD BUSINESS DISTRICT § 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 Develo
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
0.97 ac
Building & site characteristics
From public records
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ernest W Charvet
Individual
Free & Clear · 17 yrs held
Mailing address
6121 SUNNYSIDE MABTON RD, MABTON, WA 98935-9716
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2008
—
Ernest W Charvet
Gale,mary
Warranty Deed
—
Feb 24, 2000
$39,031
Ernest W Charvet
Jones,mary A
Grant Deed
$39,031 · Seller
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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