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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Warehouses
417 3rd Ave Ellensburg, WA 98926-3030
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-1111505
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Total area
3,240 SF
Lot
0.54 ac (23,400 SF)
Zoning code
ECC-II
APN
687833
UPID
US90-1111505
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
-
Midstate Co-op Farm Store Big Box & Wholesale Store Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Midstate Co-op · 16 yrs held
Midstate Co-op
since 2010
4 recorded transactions
Zoning & alternative use
ECC-II · Ellensburg, WA
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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
$245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±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
$76 / 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
Property tax & assessments
Assessed value
$488,440
Assessed 2024
Previous assessed
$448,410
+8.9% YoY
Assessed land
$175,500
Assessed improvement
$312,940
Land market value
$175,500
Improvement market value
$312,940
Total market value
$488,440
Applied tax rate
18.0000
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
1983
Heating
WOOD FURNACE
Buildings
2
Stories
1
Total area
3,240 SF
Lot
0.54 ac (23,400 SF)
Zoning code
ECC-II
APN
687833
UPID
US90-1111505
Jurisdiction
KITTITAS
Zoning & alternative use
ECC-II · Ellensburg, WAZoning ECC-II · permitted uses
ECC-II · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Building & site characteristics
From public records
Year built
1983
Heating
WOOD FURNACE
Stories
1
Buildings
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Midstate Co-op
Entity
Mailing address
PO BOX 480, ELLENSBURG, WA 98926-1915
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2010
—
Midstate Co-op
—
Deed Of Trust
related
$3,450,000 · Northwest Farm Credit Svcs Pca
Jan 29, 2009
—
Midstate Co-op
—
Deed Of Trust
related
$7,000,000 · Farm Credit Svcs
—
—
Mid State Co-op
—
Loan Modification
related
$270,000 · Northwest Farm Credit Svcs Pca
—
—
Midstate Co-op
—
Loan Modification
related
$200,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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