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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Retail space
600 Stover Rd Grandview, WA 98930-8846
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2608204
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Construction
METAL FRAME
Total area
8,540 SF
Lot
1.67 ac (72,745 SF)
Zoning code
M1
APN
230915-22012
UPID
US90-2608204
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
-
Reale Hall, llc. Nightclub DJ & Entertainment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.33M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.34M
Owner & transaction history
Jaime Jimenez · 17 yrs held
Jaime Jimenez
since 2009
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
Top alternative use upside
Office building
$1.5M
+37.0%
Medical building
$1.4M
+32.5%
Industrial (general)
$1.3M
+16.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,445,000
6.5%
$1,330,000
7%
$1,235,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,085,000
Current use
OFFICE BUILDING
$1,485,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$1,435,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,255,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,115,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$157 / 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
$8,064
Tax year 2024
Assessed value
$936,800
Assessed 2024
Previous assessed
$932,400
+0.5% YoY
Effective rate
0.86%
On assessed value
Assessed land
$72,700
Assessed improvement
$864,100
Land market value
$72,700
Improvement market value
$864,100
Total market value
$936,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2011
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
8,540 SF
Lot
1.67 ac (72,745 SF)
Zoning code
M1
APN
230915-22012
UPID
US90-2608204
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2011
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Jaime Jimenez
Individual
Mailing address
1103 E ALEXANDER RD, SUNNYSIDE, WA 98944-9743
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2024
—
Jaime Jimenez
—
Deed
related
$235,000 · Bank Of Eastern Oregon
Jan 17, 2013
—
Jaime Jimenez
—
Trustees Deed
related
$310,000 · Bank Reale
Jul 24, 2009
$100,000
Jaime Jimenez
Haak 1 LLC
Warranty Deed
$35,000 · Haak 1 LLC
Jan 29, 2009
$162,000
Haak 1 LLC
Tayon,joseph F & Opal E
Warranty Deed
—
May 31, 2001
—
Joseph F Tayon
Castillo,joe R & Shannon Y
Quit Claim Deed
related
—
Dec 7, 2000
—
Grandview City (wa)
Castillo,joe R & Shannon Y
Quit Claim Deed
related
—
Oct 25, 1994
$50,000
Joseph F Tayon
Vaughn,jefferson N & Pauline K
Grant Deed
—
—
—
Joseph F Tayon
—
Deed Of Trust
related
$42,000 · Individual
—
—
Joe Castillo
—
Deed Of Trust
related
$24,690 · Individual
—
—
Jaime Jimenez
—
Loan Modification
related
$345,000 · Bank Reale
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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