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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Warehouses
32nd Ave Yakima, WA 98902
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-2499463
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,128 SF
Lot
10 ac (435,600 SF)
Zoning code
M1
APN
181310-44003
UPID
US90-2499463
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
$4.64M
Blend (final)
Blend
$6.34M
Owner & transaction history
Chiawana INC · 13 yrs held
Chiawana INC
since 2012
7 recorded transactions
Zoning & alternative use
M1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.1M
+75.3%
Office building
$8.3M
+43.6%
Auto repair, garage
$7.9M
+37.0%
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 Yakima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yakima 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,770,000
Current use
INDUSTRIAL (GENERAL)
$10,120,000
Change: +75% · Conversion: Easy
OFFICE BUILDING
$8,290,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,905,000
Change: +37% · Conversion: Easy
RETAIL STORES
$7,580,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$7,105,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.34M
Range $5.71M – $6.97M · ±10%
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
$102 / 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
$78,979
Tax year 2024
Assessed value
$8,915,100
Assessed 2024
Previous assessed
$8,359,100
+6.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$217,800
Assessed improvement
$8,697,300
Land market value
$217,800
Improvement market value
$8,697,300
Total market value
$8,915,100
Applied tax rate
331.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Total area
62,128 SF
Lot
10 ac (435,600 SF)
Zoning code
M1
APN
181310-44003
UPID
US90-2499463
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WA
Zoning M1 · permitted uses
M1 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
OFFICE BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RETAIL STORES
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.1M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2013
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
Chiawana INC
Entity
Free & Clear · 13 yrs held
Mailing address
3107 RIV RD, YAKIMA, WA 98902-1140
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2018
—
River Road Storage LLC
—
Deed
related
$5,600,000 · Farm Credit Svcs
Jun 23, 2014
—
Chiawana INC
—
Loan Modification
related
$4,150,000 · Farm Credit Svcs
Feb 1, 2013
—
Chiawana INC
—
Deed Of Trust
related
$2,350,000 · Farm Credit Service
Dec 31, 2012
$425,000
Chiawana INC
Hidden Waters Properties LLC
Warranty Deed
—
Dec 2, 1999
$68,900
Hidden Waters Properties LLC
Columbia Asphalt & Gravel INC
Quit Claim Deed
related
—
May 15, 1992
$8,000
Columbia Asphalt & Gravel INC
Unknown
Grant Deed
—
—
—
River Road Storage LLC
—
Deed Of Trust
related
$14,035,000 · Farm Credit Svcs
—
—
River Road Storage LLC
—
Loan Modification
related
$5,600,000 · Farm Credit Svcs
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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