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Property profile & analytics
OFF-MARKET
Office buildings
3280 Olmstead Rd, Grandview, WA 98930-9675
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1453972
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1995
Construction
MANUFACTURED
Total area
1,824 SF
Lot
8.48 ac (369,389 SF)
Zoning code
M1
APN
230924-11008
UPID
US90-1453972
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
Statewide Dev LLC · 10 yrs held
Statewide Dev LLC
since 2016
4 recorded transactions
Zoning & alternative use
M1 · Grandview, 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 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
$18,136
Tax year 2024
Assessed value
$2,108,400
Assessed 2024
Previous assessed
$1,911,700
+10.3% YoY
Effective rate
0.86%
On assessed value
Assessed land
$364,600
Assessed improvement
$1,743,800
Land market value
$364,600
Improvement market value
$1,743,800
Total market value
$2,108,400
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1995
Construction
MANUFACTURED
Heating
FORCED AIR
Cooling
YES
Buildings
13
Stories
1
Bathrooms
2
Total area
1,824 SF
Lot
8.48 ac (369,389 SF)
Zoning code
M1
APN
230924-11008
UPID
US90-1453972
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Grandview, WA
Zoning M1 · permitted uses
M1 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandview. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
MANUFACTURED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
13
Bathrooms
2
Lot
8.48 ac
Current owner
From public records · entity-resolved
Statewide Dev LLC
Entity
Mailing address
273 S COUNTY LINE RD, GRANDVIEW, WA 98930-8966
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2016
$255,000
Statewide Dev LLC
Voegele,steven & Michael
Warranty Deed
—
Apr 1, 2005
—
Elmer Voegele
Bailey,bill A & Kathleen W
Warranty Deed
—
Jan 28, 2005
—
Steve E Voegele
Voegele LLC
Quit Claim Deed
related
—
Nov 21, 1988
$70,750
Elmer L Voegele
Unknown
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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