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Property profile & analytics
OFF-MARKET
Apartment buildings
51 Edison St Kennewick, WA 99336-1963
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0077103
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
1,664 SF
Lot
4.93 ac (214,751 SF)
Zoning code
35
APN
104892010178002
UPID
US90-0077103
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
-
Premium Auto Detailing LLC Car Wash
-
Herron lake Apartment Building
-
Together Helping Us Grasp Success and or Sobriety Counselor
-
Herron Lake Apartments Apartment Building
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
Djs Herron Lake LLC · 4 yrs held
Djs Herron Lake LLC
since 2021
Last sale
$18.9M
4 recorded transactions
Zoning & alternative use
35 · Kennewick, 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 Kennewick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennewick 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
Property tax & assessments
Assessed value
$8,976,280
Assessed 2023
Previous assessed
$10,043,730
-10.6% YoY
Assessed land
$1,133,890
Assessed improvement
$7,842,390
Land market value
$1,133,890
Improvement market value
$7,842,390
Total market value
$8,976,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
1,664 SF
Lot
4.93 ac (214,751 SF)
Zoning code
35
APN
104892010178002
UPID
US90-0077103
Jurisdiction
BENTON
Zoning & alternative use
35 · Kennewick, WA
Zoning 35 · permitted uses
35 · Kennewick, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennewick. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
4.93 ac
Current owner
From public records · entity-resolved
Djs Herron Lake LLC
Entity
Mailing address
660 NEWPORT CTR DR STE #650, NEWPORT BEACH, CA 92660-8000
Ownership since
2021
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
Sep 24, 2024
—
Djs Herron Lake LLC
—
Deed
related
$8,482,000 · Key Bank NA
Dec 1, 2021
$18,935,393
Djs Herron Lake LLC
Gams Garden Park II LLC
Warranty Deed
—
Apr 11, 2013
—
Gams Garden Park II LLC
Tradewinds Apartments LLC
Grant Deed
related
—
Nov 28, 2005
$3,552,700
Gams Herron Lake Apartments Ll
Tradewinds Apartments LLC
Warranty 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.
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