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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Warehouses
5 Washington Ave Yakima, WA 98903-1543
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1245356
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
METAL FRAME
Total area
17,480 SF
Lot
1.9 ac (82,764 SF)
Zoning code
M1
APN
191331-13013
UPID
US90-1245356
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
-
Lad Irrigation Company Inc Agricultural Service
-
Gaf Premier Roofing Dealer Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$770k
Blend (final)
Blend
$1.24M
Owner & transaction history
Mbm Holdings LLC · 3 yrs held
Mbm Holdings LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
M1 · Yakima, 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 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
$1,355,000
ML approach
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.15M (Aug 11 2022)
Last sale anchor
$1.15M
Aug 11 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
$71 / 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
$11,935
Tax year 2024
Assessed value
$1,227,500
Assessed 2024
Previous assessed
$1,118,200
+9.8% YoY
Effective rate
0.97%
On assessed value
Assessed land
$341,600
Assessed improvement
$885,900
Land market value
$341,600
Improvement market value
$885,900
Total market value
$1,227,500
Applied tax rate
333.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
17,480 SF
Lot
1.9 ac (82,764 SF)
Zoning code
M1
APN
191331-13013
UPID
US90-1245356
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WA
Zoning M1 · permitted uses
M1 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Mbm Holdings LLC
Entity
Mailing address
1212 N 16TH AVE, YAKIMA, WA 98902-1348
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$1,150,000
Mbm Holdings LLC
P W Commercial LLC
Warranty Deed
$1,260,000 · Umpqua Bank
Dec 18, 2020
—
Pw Commercial LLC
Pw Shields Properties LLC
Quit Claim Deed
related
—
Jun 25, 2020
$950,000
P W Shields Properties LLC
Yakima Property LLC
Warranty Deed
$712,500 · Banner Bank
Dec 15, 2016
—
West Washington LLC
Morgan,marc A
Warranty Deed
—
Aug 6, 2015
—
Yakima Property LLC
Morgan,christopher D
Grant Deed
—
Jul 14, 1999
$500,000
Christopher D Morgan
Clover Creek Apartments LLC
Grant Deed
—
Jun 22, 1999
—
Clover Creek Apartments LLC
Mayer,gene P
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.
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