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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Warehouses
408 18th Ave Yakima, WA 98902
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0330342
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1993
Construction
WOOD
Total area
5,280 SF
Lot
1.25 ac (54,450 SF)
Zoning code
B2
APN
181323-11546
UPID
US90-0330342
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
$690k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$690k
Owner & transaction history
North Lincoln Avenue Storage Units · 1 yrs held
North Lincoln Avenue Storage Units
since 2024
Last sale
$692,217
5 recorded transactions
Zoning & alternative use
B2 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$860,000
+75.3%
Office building
$705,000
+43.6%
Auto repair, garage
$670,000
+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
$690,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$490,000
Current use
INDUSTRIAL (GENERAL)
$860,000
Change: +75% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +37% · Conversion: Easy
RETAIL STORES
$645,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$605,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $692k (Nov 1 2024)
Last sale anchor
$692k
Nov 1 2024
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
$131 / 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
$2,815
Tax year 2024
Assessed value
$294,700
Assessed 2024
Previous assessed
$294,700
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$136,100
Assessed improvement
$158,600
Land market value
$136,100
Improvement market value
$158,600
Total market value
$294,700
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
NONE
Buildings
3
Stories
1
Total area
5,280 SF
Lot
1.25 ac (54,450 SF)
Zoning code
B2
APN
181323-11546
UPID
US90-0330342
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Yakima, WAZoning B2 · permitted uses
B2 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$490,000
INDUSTRIAL (GENERAL)
Est. value
$860,000
OFFICE BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$645,000
MEDICAL BUILDING
Est. value
$605,000
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
1993
Construction
WOOD
Heating
NONE
Stories
1
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
North Lincoln Avenue Storage Units
Individual
Mailing address
105 N 94TH PL, YAKIMA, WA 98908-9546
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 1, 2024
$692,217
North Lincoln Avenue Storage Units
Daniel E Cawley
Warranty Deed
$300,000 · Mary Cawley Etux
Oct 9, 2018
—
Daniel Edward Cawley
—
Deed
related
$285,000 · Gesa Cu
Jun 28, 2012
—
Rogelio Murillo
Cawley,dan & Mary
Quit Claim Deed
related
—
Sep 19, 2008
$27,500
James Faulconer
Cawley,daniel E & Mary A
Warranty Deed
—
Sep 30, 2004
—
Thad Honsinger
Walker,richard E & Cicely P
Warranty 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.
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