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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Grocery and convenience stores
61 Wapato Rd Wapato, WA 98951-9532
Entity Owned
19-yr Hold
Free & Clear
Property ID
US90-0957093
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Construction
WOOD
Total area
12,426 SF
Lot
0.42 ac (18,295 SF)
Zoning code
GC
APN
191110-34004
UPID
US90-0957093
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
$1.95M
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$1.77M
Owner & transaction history
Lupine INC · 19 yrs held
Lupine INC
since 2006
7 recorded transactions
Zoning & alternative use
GC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,855,000
Change: 0% · Conversion: Easy
RESTAURANT
$1,615,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,455,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,420,000
Change: 0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,205,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$142 / 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
$12,090
Tax year 2024
Assessed value
$1,396,050
Assessed 2024
Previous assessed
$1,392,350
+0.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$99,650
Assessed improvement
$1,296,400
Land market value
$99,650
Improvement market value
$1,296,400
Total market value
$1,396,050
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
12,426 SF
Lot
0.42 ac (18,295 SF)
Zoning code
GC
APN
191110-34004
UPID
US90-0957093
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Wapato, WA
Zoning GC · permitted uses
GC · 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
$2.9M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
RESTAURANT
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Lupine INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 669, WHITE SWAN, WA 98952-0669
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
—
Lupine INC
—
Deed
related
$8,500,000 · Key Bank NA
Nov 20, 2019
—
Lupine INC
—
Deed
related
—
Oct 13, 2017
—
Lupine INC
—
Loan Modification
related
$2,080,000 · Keybank USA
Sep 14, 2017
—
Lupine INC
—
Deed
related
—
May 11, 2017
—
Lupine INC
—
Loan Modification
related
$1,500,000 · Keybank USA
Jan 26, 2017
—
Lupine INC
—
Deed
related
$4,000,000 · Keybank USA
Aug 18, 2006
—
Lupine INC
Curtis,anthony L
Quit Claim Deed
related
—
Jul 27, 2006
—
Lupine INC
Ramsey,kip R
Quit Claim Deed
related
—
Aug 16, 2005
—
Kip R Ramsey
Curtis,anthony L
Quit Claim Deed
related
—
Jun 24, 2005
$250,000
Anthony L Curtis
Walker Family
Warranty Deed
—
—
—
Lupine INC
—
Loan Modification
related
—
—
—
Lupine INC
—
Deed Of Trust
related
$4,000,000 · Keybank USA
—
—
Lupine INC
—
Loan Modification
related
—
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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