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Property profile & analytics
OFF-MARKET
Manufacturing properties
5th St-old Prosr Hwy Grandview, WA 98930
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-2488165
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Lot
1.53 ac (66,647 SF)
Zoning code
M1
APN
230923-44011
UPID
US90-2488165
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elm 604 LLC · 11 yrs held
Elm 604 LLC
since 2014
7 recorded transactions
Zoning & alternative use
M1 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
17.50.010 Purpose. § 17.50.020 Permitted uses. § 17.50.030 Permitted accessory uses. § 17.50.040 Conditional uses. § 17.50.050 Prohibited uses. § 17.50.060 Development standards. § 17.50.070 Plan required. Chapter 17.52 M-1 LIGHT INDUSTRIAL DISTRICT § 17.52.010 Purpose. § 17.52.020 Permitted uses. § 17.52.030 Permitted accessory uses. § 17.52.040 Permitted c…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
799.33 ac
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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,609
Tax year 2024
Assessed value
$183,800
Assessed 2024
Previous assessed
$168,200
+9.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$66,500
Assessed improvement
$117,300
Land market value
$66,500
Improvement market value
$117,300
Total market value
$183,800
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
Manufacturing properties
Use group
FOOD PACKING, PACKING PLANT
Status
Off-Market
Heating
NONE
Lot
1.53 ac (66,647 SF)
Zoning code
M1
APN
230923-44011
UPID
US90-2488165
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Grandview, WAZoning M1 · permitted uses
M1 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
17.50.010 Purpose. § 17.50.020 Permitted uses. § 17.50.030 Permitted accessory uses. § 17.50.040 Conditional uses. § 17.50.050 Prohibited uses. § 17.50.060 Development standards. § 17.50.070 Plan required. Chapter 17.52 M-1 LIGHT INDUSTRIAL DISTRICT § 17.52.010 Purpose. § 17.52.020 Permitted uses. § 17.52.030 Permitted accessory uses. § 17.52.040 Permitted conditional uses. § 17.52.050 Prohibited uses. § 17.52.060 Development standards. Ch
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
799.33 ac
Building & site characteristics
From public records
Heating
NONE
Lot
1.53 ac
Current owner
From public records · entity-resolved
Elm 604 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1622, YAKIMA, WA 98907-1622
Ownership since
2014
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
Nov 26, 2014
$200,000
Elm 604 LLC
Hpc Us Fund 1 LP
Grant Deed
—
Nov 20, 2014
$393,000
Hpc Us Fund 1 LP
Deputy Sheriff Of Yakima County|cervantes Packing
Trustees Deed
related
—
Dec 15, 2011
$393,000
Hpc Us Fund 1 LP
Deputy Sheriff Of Yakima Cnty
Trustees Deed
related
—
Jan 22, 2007
$420,000
Packing Cervantes
Broetje,ralph & Cheryl
Warranty Deed
$500,000 · Hallock Ryno Investments INC
Aug 28, 2000
$600,000
Ralph Broetje
Cheran Orchards INC
Grant Deed
related
—
Oct 19, 1995
$550,000
Daniel J Dufault
Beacon Agro INC
Grant Deed
$1,700,000 · Mutual Life Insurance Co Ny
Jul 5, 1991
$17,800
Comini Hldgs Stadelman
Unknown
Grant Deed
—
—
—
Elm 604 LLC
—
Deed Of Trust
related
$325,000 · Leinad Resources INC
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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