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Property profile & analytics
OFF-MARKET
Retail space
501 Grandridge Rd Grandview, WA 98930-1541
Individually Owned
10-yr Hold
Free & Clear
Property ID
US90-1705048
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
WOOD
Total area
528 SF
Lot
0.12 ac (5,227 SF)
Zoning code
M1
APN
230923-42410
UPID
US90-1705048
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
-
Seven Signs (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Porfirio L Hernandez · 10 yrs held
Porfirio L Hernandez
since 2016
5 recorded transactions
Zoning & alternative use
M1 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
17.50.010 Purpose. § 17.50.020 Permitted uses. § 17.50.030 Permitted accessory uses. § 17.50.040 Conditional uses. § 17.50.050 Prohibited uses. § 17.50.060 Development standards. § 17.50.070 Plan required. Chapter 17.52 M-1 LIGHT INDUSTRIAL DISTRICT § 17.52.010 Purpose. § 17.52.020 Permitted uses. § 17.52.030 Permitted accessory uses. § 17.52.040 Permitted c…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
799.33 ac
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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$493
Tax year 2024
Assessed value
$54,500
Assessed 2024
Previous assessed
$50,300
+8.3% YoY
Effective rate
0.90%
On assessed value
Assessed land
$24,700
Assessed improvement
$29,800
Land market value
$24,700
Improvement market value
$29,800
Total market value
$54,500
Applied tax rate
440.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
ELECTRIC
Cooling
YES
Stories
1
Bathrooms
1
Total area
528 SF
Lot
0.12 ac (5,227 SF)
Zoning code
M1
APN
230923-42410
UPID
US90-1705048
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Grandview, WAZoning M1 · permitted uses
M1 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
17.50.010 Purpose. § 17.50.020 Permitted uses. § 17.50.030 Permitted accessory uses. § 17.50.040 Conditional uses. § 17.50.050 Prohibited uses. § 17.50.060 Development standards. § 17.50.070 Plan required. Chapter 17.52 M-1 LIGHT INDUSTRIAL DISTRICT § 17.52.010 Purpose. § 17.52.020 Permitted uses. § 17.52.030 Permitted accessory uses. § 17.52.040 Permitted conditional uses. § 17.52.050 Prohibited uses. § 17.52.060 Development standards. Ch
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
799.33 ac
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Porfirio L Hernandez
Individual
Free & Clear · 10 yrs held
Mailing address
501 GRANDRIDGE RD, GRANDVIEW, WA 98930-1541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Apr 28, 2016
—
Porfirio L Hernandez
Hernandez,aurelio R & Nora A
Quit Claim Deed
related
—
Aug 18, 2014
$30,000
Aurelio R Hernandez
Holmes Russell E JR
Grant Deed
—
Nov 3, 1995
$38,000
Holmes,american Ambulance
Ramirez,jose E & Kathy L
Grant Deed
—
Apr 26, 1988
$13,850
Joae E Ramirez
Unknown
Grant Deed
—
—
—
Jose E Ramirez
—
Deed Of Trust
related
$21,735 · Lower Valley Cu
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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