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Property profile & analytics
OFF-MARKET
Estimated value
$6,590,000
Refrigerated & Cold Storage
5105 Nob Hl Blvd Yakima, WA 98908-3748
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-0701431
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,186 SF
Lot
9.89 ac (430,808 SF)
Zoning code
R1
APN
181328-14014
UPID
US90-0701431
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
-
Western Sweet Cherry Group Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.59M
Owner & transaction history
Western Storage LLC · 18 yrs held
Western Storage LLC
since 2008
7 recorded transactions
Zoning & alternative use
R1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,010,000
6.5%
$8,320,000
7%
$7,725,000
Blend value · Realmo final
$6.59M
Range $5.93M – $7.25M · ±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
$117 / 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
$17,835
Tax year 2024
Assessed value
$1,842,700
Assessed 2024
Previous assessed
$1,725,400
+6.8% YoY
Effective rate
0.97%
On assessed value
Assessed land
$430,900
Assessed improvement
$1,411,800
Land market value
$430,900
Improvement market value
$1,411,800
Total market value
$1,842,700
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
1
Total area
56,186 SF
Lot
9.89 ac (430,808 SF)
Zoning code
R1
APN
181328-14014
UPID
US90-0701431
Jurisdiction
YAKIMA
Zoning & alternative use
R1 · Yakima, WA
Zoning R1 · permitted uses
R1 · 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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
9.89 ac
Current owner
From public records · entity-resolved
Western Storage LLC
Entity
Mailing address
5105 W NOB HL BLVD, YAKIMA, WA 98908-3748
Ownership since
2008
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
Aug 21, 2018
—
Western Storage LLC
—
Deed
related
$3,000,000 · Banner Bank
Mar 19, 2008
—
Western Storage LLC
Lancaster,lowell L & Bernadette K
Grant Deed
—
Aug 6, 1997
—
Lowell L Lancaster
Elizabeth T Bannister Estate
Quit Claim Deed
related
—
—
—
Western Storage LLC
—
Deed Of Trust
related
$640,000 · Washington Trust Bank
—
—
Lowell L Lancaster
—
Deed Of Trust
related
$1,850,000 · Bank Of Whitman
—
—
Western Storage LLC
—
Deed Of Trust
related
$535,000 · Bank Of Whitman
—
—
Western Storage LLC
—
Deed Of Trust
related
$1,650,000 · Bank Of Whitman
—
—
Lowell Lancaster
—
Deed Of Trust
related
$1,200,000 · Home Security Bank
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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