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Property profile & analytics
OFF-MARKET
Estimated value
$2,575,000
Warehouses
609 1st Ave Yakima, WA 98902-2127
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1358811
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
100,128 SF
Lot
3.36 ac (146,362 SF)
Zoning code
M1
APN
181313-42517
UPID
US90-1358811
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
$2.39M
Blend (final)
Blend
$2.58M
Owner & transaction history
Rf Properties LLC · 3 yrs held
Rf Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
M1 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.58M
Range $2.32M – $2.83M · ±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
$26 / 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
$15,043
Tax year 2024
Assessed value
$1,395,100
Assessed 2024
Previous assessed
$1,474,500
-5.4% YoY
Effective rate
1.08%
On assessed value
Assessed land
$365,900
Assessed improvement
$1,029,200
Land market value
$365,900
Improvement market value
$1,029,200
Total market value
$1,395,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
100,128 SF
Lot
3.36 ac (146,362 SF)
Zoning code
M1
APN
181313-42517
UPID
US90-1358811
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WA
Zoning M1 · permitted uses
M1 · 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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.36 ac
Current owner
From public records · entity-resolved
Rf Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 27, YAKIMA, WA 98907-0027
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
—
Rf Properties LLC
Rch Holdings LLC
Quit Claim Deed
related
—
Nov 27, 2012
—
Roche Fruit Ltd
—
Grant Deed
related
$10,000,000 · Northwest Farm Credit Svcs Pca
Feb 16, 2007
—
Roche Fruit Ltd
—
Deed Of Trust
related
$12,809,100 · Farm Credit Svcs
Jul 17, 2006
—
Roche Fruit Ltd
—
Trustees Deed
related
$1,800,000 · Northwest Farm Credit Svcs Pca
Oct 29, 1999
—
Roche Fruit Co INC
—
Deed Of Trust
related
$7,300,000 · Northwest Farm Credit Svcs
Nov 25, 1997
—
Roche Fruit Ltd
—
Deed Of Trust
related
$1,256,000 · Northwest Farm Credit Svcs
Jan 11, 1996
—
Roche Fruit Ltd
—
Deed Of Trust
related
$3,637,400 · Norwest Farm Credit Svcs Aca
Jan 26, 1988
$544,750
John M Roche
Unknown
Grant Deed
related
—
—
—
Roche Fruit Ltd
—
Deed Of Trust
related
—
—
—
Roche Fruit Ltd
—
Deed Of Trust
related
$1,510,000 · Northwest Farm Credit Svcs
—
—
Mwr Cold Storage LLC
—
Loan Modification, Consolidation And Extension
related
$15,000,000 · Farm Credit Svcs
—
—
Mwr Cold Storage LLC
—
Loan Modification
related
$32,809,009 · Farm Credit Service
—
—
Roche Fruit Ltd
—
Deed Of Trust
related
$2,445,000 · Northwest Farm Credit Svcs
—
—
Roche Fruit Ltd
—
Deed Of Trust
related
$1,055,250 · Northwest Farm Credit Svcs
—
—
Roche Fruit Ltd
—
Deed Of Trust
related
$1,180,000 · Farm Credit Service
—
—
Roche Trust
—
Deed Of Trust
related
$509,200 · Northwest Farm Credit Svcs
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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