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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Manufacturing properties
306 2nd Ave, Pasco, WA 99301-5662
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0346291
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1975
Total area
20,000 SF
Lot
4.15 ac (180,774 SF)
APN
112060407
UPID
US90-0346291
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
-
Extreme Coatings Inc. General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.73M
Owner & transaction history
Liberty Leasing LLC · 2 yrs held
Liberty Leasing LLC
since 2024
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+85.6%
Medical building
$2.7M
+41.4%
Restaurant
$2.7M
+37.6%
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 Pasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasco 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
$2,730,000
ML approach
$2,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,940,000
Current use
COMMERCIAL (GENERAL)
$3,595,000
Change: +86% · Conversion: Difficult
MEDICAL BUILDING
$2,740,000
Change: +41% · Conversion: Difficult
RESTAURANT
$2,665,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,460,000
Change: +27% · Conversion: Easy
RETAIL STORES
$2,225,000
Change: +15% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±10% · vs last sale $2.73M (Apr 30 2024)
Last sale anchor
$2.73M
Apr 30 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
$137 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$13,514
Tax year 2021
Assessed value
$2,202,200
Assessed 2023
Previous assessed
$2,202,200
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$414,800
Assessed improvement
$1,787,400
Land market value
$414,800
Improvement market value
$1,787,400
Total market value
$2,202,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1975
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
2
Total area
20,000 SF
Lot
4.15 ac (180,774 SF)
APN
112060407
UPID
US90-0346291
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.7M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
2
Lot
4.15 ac
Current owner
From public records · entity-resolved
Liberty Leasing LLC
Entity
Mailing address
8521 CLARA DR, PASCO, WA 99301-1715
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$2,728,375
Liberty Leasing LLC
Prospect Creek LLC
Warranty Deed
—
Feb 28, 2020
—
Prospect Creek LLC
—
Deed
related
$700,000 · Wheatland Bank
Jun 2, 2010
$875,000
Prospect Creek LLC
Mitchell Family Trust
Warranty Deed
—
Oct 20, 2006
$650,000
William Lee Mitchell
N Bernard Shaw
Warranty Deed
$395,000 · Us Bank NA
Feb 17, 2000
—
Shaw,bernard & Bessie J
Bitton Farms INC
Trustees Deed
related
—
Jun 15, 1999
$650,000
All Freight Transport
Bitton Farms INC
Grant Deed
$130,000 · Seller
—
—
Prospect Creek LLC
—
Deed Of Trust
related
$400,000 · Washington Trust Bank
—
—
Shaw N B
—
Deed Of Trust
related
$355,000 · Bank Of Whitman
—
—
Prospect Creek LLC
—
Deed Of Trust
related
$500,000 · Community First 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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