Back to Search
Property profile & analytics
FOR SALE
Automotive properties
501 Stover Rd Grandview, WA 98930
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0358154
For Sale
1 / 48
$3,950,000
501 Stover Rd, Grandview, WA 98930
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Construction
WOOD
Total area
32,520 SF
Lot
6.94 ac (302,306 SF)
Zoning code
COM
APN
230910-33404
UPID
US90-0358154
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
-
60783 Car Dealership Auto Repair Shop
-
Bella's Market Food Market Farmer's Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.45M
Blend (final)
Blend
$3.09M
Owner & transaction history
Christensen I LLC · 18 yrs held
Christensen I LLC
since 2007
7 recorded transactions
Zoning & alternative use
COM · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.8M
+12.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,255,000
Current use
INDUSTRIAL (GENERAL)
$4,785,000
Change: +12% · Conversion: Easy
RETAIL STORES
$4,125,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.40M · ±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
$95 / 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
$25,959
Tax year 2024
Assessed value
$3,024,000
Assessed 2024
Previous assessed
$2,549,650
+18.6% YoY
Effective rate
0.86%
On assessed value
Assessed land
$408,100
Assessed improvement
$2,615,900
Land market value
$408,100
Improvement market value
$2,615,900
Total market value
$3,024,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
2000
Construction
WOOD
Heating
SPACE
Cooling
YES
Stories
2
Total area
32,520 SF
Lot
6.94 ac (302,306 SF)
Zoning code
COM
APN
230910-33404
UPID
US90-0358154
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Grandview, WAZoning COM · permitted uses
COM · Grandview, 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
AUTO REPAIR, GARAGE Current
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
RETAIL STORES
Est. value
$4.1M
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
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
2000
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
2
Lot
6.94 ac
Current owner
From public records · entity-resolved
Christensen I LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1060 JADWIN AVE STE #150, RICHLAND, WA 99352-3532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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 29, 2007
$300,000
Christensen I LLC
Mid-valley Holdings LLC
Warranty Deed
—
Jun 7, 2007
—
Mid-valley Holdings LLC
Patricia J Fergus
Grant Deed
related
—
Mar 28, 2007
—
Christensen I LLC
Wallace Way Exchange LLC
Warranty Deed
—
Feb 28, 2007
$874,882
Wallace Way Exchange LLC
Mid-valley Holdings LLC
Warranty Deed
—
Jun 11, 2004
—
Fergus,robert & Patty
Higgins Fred W Trust
Warranty Deed
related
—
May 19, 1999
$1,200,000
Mid-valley Holdings LLC
Fergus,patricia J
Grant Deed
related
$1,200,000 · Seller
Mar 20, 1992
$443,900
Robert Fergus
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
