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Property profile & analytics
OFF-MARKET
Estimated value
$3,665,000
Strip malls
4525 Rd 68 Pasco, WA 99301-9595
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1494784
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
20,280 SF
Lot
1.82 ac (79,279 SF)
APN
117490107
UPID
US90-1494784
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
-
SMOKECITYFORLESS (Bike/Boat/Book/etc) Store
-
Fortify Family Chiropractic Alternative Medicine Practice
-
Queen Spa & Nails Nail Salon
-
The Underground Taphouse Bar & Pub
-
NewEdge Family Chiropractic - Pasco Chiropractor Gym & Fitness Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.67M
Owner & transaction history
Sunnyside Hospitality Properties Ll · 4 yrs held
Sunnyside Hospitality Properties Ll
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+80.3%
Medical building
$2.8M
+37.3%
Restaurant
$2.7M
+33.6%
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 Pasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasco 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
$3,560,000
ML approach
$3,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,650,000
Change: +80% · Conversion: Easy
MEDICAL BUILDING
$2,780,000
Change: +37% · Conversion: Difficult
RESTAURANT
$2,705,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,495,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,255,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$3.67M
Range $3.30M – $4.03M · ±10% · vs last sale $4.53M (Jun 28 2022)
Last sale anchor
$4.53M
Jun 28 2022
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
$181 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$42,466
Tax year 2021
Assessed value
$5,198,700
Assessed 2023
Previous assessed
$5,198,700
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$1,979,900
Assessed improvement
$3,218,800
Land market value
$1,979,900
Improvement market value
$3,218,800
Total market value
$5,198,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
20,280 SF
Lot
1.82 ac (79,279 SF)
APN
117490107
UPID
US90-1494784
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
Sunnyside Hospitality Properties Ll
Entity
Mailing address
PO BOX 5420, WEST RICHLAND, WA 99353-4023
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$4,525,000
Sunnyside Hospitality Properties Ll
Road 68 Retail LLC
Warranty Deed
$1,387,623 · Wheatland Bank
Jul 31, 2012
—
Road 68 Retail LLC
Cavanagh-road 68 Retail Center
Quit Claim Deed
related
$2,446,000 · Gesa Cu
May 6, 2009
$1,369
Tic Road 68 Retail Center LLC
1031 Road 68 Retail Center LLC
Grant Deed
—
Oct 1, 2007
$991,314
Bisla-road 68 Retail Center Ll
For 1031 Road 68 Retail Center
Grant Deed
—
Aug 30, 2007
$5,550,000
For 1031 Road 68 Retail Center
Wb Pasco Road 68 LLC
Grant Deed
$3,200,000 · Artesia Mortgage Capital Corp
Jul 30, 2007
—
Mieuli-road 68 Retail Ctr LLC
For 1031 Road 68 Retail Ctr Ll
Warranty Deed
related
—
Sep 27, 2006
$786,500
Wb Pasco Road 68 LLC
Franklin County
Grant Deed
$3,600,000 · Riverbank
—
—
Bisla-road 68 Retail Center
—
Deed Of Trust
related
$3,200,000 · Dexia Real Estate Cap Markets
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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