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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Life science properties
5661 Br Rd Wapato, WA 98951-9768
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0946344
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2019
Construction
METAL FRAME
Total area
3,200 SF
Lot
46.54 ac (2,027,282 SF)
Zoning code
AG
APN
191130-33003
UPID
US90-0946344
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Pace International LLC · 13 yrs held
Pace International LLC
since 2012
4 recorded transactions
Zoning & alternative use
AG · Wapato, 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 Wapato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wapato 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$375,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$310,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$161 / 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
$40,070
Tax year 2024
Assessed value
$4,616,400
Assessed 2024
Previous assessed
$3,963,800
+16.5% YoY
Effective rate
0.87%
On assessed value
Assessed land
$141,900
Assessed improvement
$4,474,500
Land market value
$141,900
Improvement market value
$4,474,500
Total market value
$4,616,400
Applied tax rate
562.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2019
Construction
METAL FRAME
Heating
YES
Cooling
YES
Buildings
7
Stories
1
Total area
3,200 SF
Lot
46.54 ac (2,027,282 SF)
Zoning code
AG
APN
191130-33003
UPID
US90-0946344
Jurisdiction
YAKIMA
Zoning & alternative use
AG · Wapato, WA
Zoning AG · permitted uses
AG · Wapato, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wapato. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$735,000
MEDICAL BUILDING
Est. value
$375,000
OFFICE BUILDING
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$310,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2019
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Lot
46.54 ac
Current owner
From public records · entity-resolved
Pace International LLC
Entity
Free & Clear · 13 yrs held
Mailing address
5661 BR RD, WAPATO, WA 98951-9768
Ownership since
2012
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 3, 2024
—
Pace International LLC
—
Deed
related
—
Dec 21, 2012
$2,343,807
Pace International LLC
Wapato Associates LLC
Grant Deed
—
Jan 4, 1990
$4,151,900
Sanofi Bio-industries INC
Unknown
Grant Deed
—
—
—
Wapato Associates LP
—
Deed Of Trust
related
$1,250,000 · West One Bank Washington
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
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