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Property profile & analytics
OFF-MARKET
Warehouses
3851 Hwy 970, Cle Elum, WA 98922-8803
Entity Owned
12-yr Hold
Free & Clear
Property ID
US90-3332417
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
4,235 SF
Lot
3.49 ac (152,024 SF)
Zoning code
KC-R-3
APN
15135
UPID
US90-3332417
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
Steelhead Storage LLC · 12 yrs held
Steelhead Storage LLC
since 2014
5 recorded transactions
Zoning & alternative use
KC-R-3 · Cle Elum, 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 Cle Elum submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cle Elum 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
Property tax & assessments
Assessed value
$1,803,090
Assessed 2024
Previous assessed
$1,803,090
+0.0% YoY
Assessed land
$202,450
Assessed improvement
$1,600,640
Land market value
$202,450
Improvement market value
$1,600,640
Total market value
$1,803,090
Applied tax rate
43.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
FLOOR/WALL FURNACE
Buildings
6
Stories
1
Bathrooms
1
Total area
4,235 SF
Lot
3.49 ac (152,024 SF)
Zoning code
KC-R-3
APN
15135
UPID
US90-3332417
Jurisdiction
KITTITAS
Zoning & alternative use
KC-R-3 · Cle Elum, WA
Zoning KC-R-3 · permitted uses
KC-R-3 · Cle Elum, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cle Elum. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
6
Bathrooms
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
Steelhead Storage LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 875, CARNATION, WA 98014-0875
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2014
$685,750
Steelhead Storage LLC
Houle Lester & Vivian
Quit Claim Deed
related
—
Jul 3, 2006
—
Les D Houle
—
Trustees Deed
related
$1,050,000 · Venture Bank
May 15, 2006
$395,000
Les D Houle
Land Lloyd Dev Co INC
Warranty Deed
—
—
—
Les D Houle
—
Deed Of Trust
related
$20,000 · Cone Gilreath Law Offices
—
—
Les D Houle
—
Deed Of Trust
related
$355,800 · Venture 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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