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Property profile & analytics
FOR LEASE
Retail space
598 N Wilbur Ave, Walla Walla, WA 99362
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1914957
For Lease
Contact for pricing
598 N Wilbur Ave, Walla Walla, WA 99362
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Total area
46,000 SF
Lot
3.73 ac (162,479 SF)
APN
360722220082
UPID
US90-1914957
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
-
Bi-Mart Membership Discount Stores Grocery & Convenience Store
-
Cascade Farm and Outdoor (Bike/Boat/Book/etc) Store Food Market
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
University Manor LLC · 4 yrs held
University Manor LLC
since 2021
Last sale
$83,554
4 recorded transactions
Zoning & alternative use
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 Walla Walla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walla Walla 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 2021Property tax & assessments
Tax year 2021
Tax billed
$30,361
Tax year 2021
Assessed value
$4,114,200
Assessed 2023
Previous assessed
$2,702,440
+52.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,139,200
Assessed improvement
$2,975,000
Land market value
$1,139,200
Improvement market value
$2,975,000
Total market value
$4,114,200
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1972
Heating
NONE
Cooling
REFRIGERATOR
Stories
1
Total area
46,000 SF
Lot
3.73 ac (162,479 SF)
APN
360722220082
UPID
US90-1914957
Jurisdiction
WALLA WALLA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
University Manor LLC
Entity
Mailing address
818 W RIVERSIDE AVE STE #300, SPOKANE, WA 99201-0910
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
Jul 30, 2021
$4,400,000
University Manor LLC
Eastgate Market Center LLC
Warranty Deed
$2,892,500 · First Security Bank
Dec 30, 2016
—
Eastgate Market Center LLC
—
Deed
related
$5,000,000 · Key Bank NA
Mar 4, 2015
—
Eastgate Market Center LLC
Cheridan Reality LP
Bargain And Sale Deed
—
Apr 27, 2006
$8,950,000
Cheridan Realty LP
Wheatland East Properties LLC
Warranty Deed
$6,700,000 · Pnc Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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