New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Office buildings
4 3rd Ave, Toppenish, WA 98948-1701
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2536027
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD
Total area
19,848 SF
Lot
1.34 ac (58,370 SF)
Zoning code
M1
APN
201010-21010
UPID
US90-2536027
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
-
Washington State Department of Social & Health Services Association / Organization
-
Child Protective Services Social Service Agency Charitable Organization
-
State of Wa Children & Family Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$2.15M
Owner & transaction history
State Of Washington · 1 yrs held
State Of Washington
since 2025
6 recorded transactions
Zoning & alternative use
M1 · Toppenish, 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 Toppenish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toppenish 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
OFFICE BUILDING
$3,450,000
Current use
MEDICAL BUILDING
$3,335,000
Change: -3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,920,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±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
$108 / 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
$18,843
Tax year 2024
Assessed value
$2,195,750
Assessed 2024
Previous assessed
$2,084,250
+5.3% YoY
Effective rate
0.86%
On assessed value
Assessed land
$75,650
Assessed improvement
$2,120,100
Land market value
$75,650
Improvement market value
$2,120,100
Total market value
$2,195,750
Applied tax rate
480.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
19,848 SF
Lot
1.34 ac (58,370 SF)
Zoning code
M1
APN
201010-21010
UPID
US90-2536027
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Toppenish, WA
Zoning M1 · permitted uses
M1 · Toppenish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toppenish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
PO BOX 369, FALL CITY, WA 98024-0369
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
—
State Of Washington
SR Investments LLC
Deed
—
Nov 16, 2023
—
State Of Washington
SR Investments LLC
Lease
—
Aug 8, 2019
—
SR Investments LLC
—
Deed
related
$750,000 · Symetra Life Insurance Co
Jul 17, 2019
—
Department Of Ent Services
SR Investments LLC
Grant Deed
related
—
Aug 26, 1999
$65,000
SR Investments LLC
Durbon Care Management Trust
Grant Deed
$760,000 · Intervest-mortgage Investment
May 25, 1999
—
Lillian E Durbon Care Manageme
Walganski Trust
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4 3rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
