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Property profile & analytics
OFF-MARKET
Warehouses
3507 Main St Union Gap, WA 98903-1943
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1665112
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
METAL FRAME
Total area
7,387 SF
Lot
0.21 ac (9,148 SF)
Zoning code
COM
APN
191205-34409
UPID
US90-1665112
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
Steve Simon LLC · 3 yrs held
Steve Simon LLC
since 2023
Last sale
$440,000
7 recorded transactions
Zoning & alternative use
COM · Union Gap, 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 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
$2,643
Tax year 2024
Assessed value
$380,600
Assessed 2024
Previous assessed
$363,300
+4.8% YoY
Effective rate
0.69%
On assessed value
Assessed land
$45,700
Assessed improvement
$334,900
Land market value
$45,700
Improvement market value
$334,900
Total market value
$380,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Construction
METAL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
7,387 SF
Lot
0.21 ac (9,148 SF)
Zoning code
COM
APN
191205-34409
UPID
US90-1665112
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Union Gap, WA
Zoning COM · permitted uses
COM · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union Gap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Steve Simon LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3520 S 5TH AVE, YAKIMA, WA 98903-9323
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2023
—
Steve Simon LLC
Steve L Simon
Intrafamily Transfer
related
—
Dec 28, 2016
$440,000
Steve L Simon
Lenz Vernon C Trust
Warranty Deed
—
Oct 7, 2016
—
Lenz,vernon C Trust
Lenz,vernon C & Adelyn D
Quit Claim Deed
related
—
Oct 17, 2012
—
Vernon C Lenz
Lenz,sachiko I
Quit Claim Deed
related
—
Jun 17, 2011
—
Vernon C Lenz
Dave,lyle
Quit Claim Deed
related
—
Jun 9, 2011
—
Vernon C Lenz
Dave,lyle
Grant Deed
related
—
Sep 26, 2006
$680,000
Lyle D Wakefield
Lenz,vernon C
Grant Deed
—
Jun 30, 1989
$35,650
Vernon C Lenz
Unknown
Grant Deed
—
—
—
Vernon C Lenz
—
Deed Of Trust
related
—
—
—
Vernon C Lenz
—
Deed Of Trust
related
$220,000 · West One Bank Washington
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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