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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Industrial properties
693 Wallace Way Grandview, WA 98930-8836
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1885925
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
METAL FRAME
Total area
10,500 SF
Lot
3.05 ac (132,858 SF)
Zoning code
M1
APN
230915-44408
UPID
US90-1885925
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
-
Dionbilt Trailer Sales Car Dealership
-
Dionbilt Manufacturing LLC Industrial Manufacturer Production Facility
-
SL Start Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$940k
Owner & transaction history
Port District Trailers LLC · 4 yrs held
Port District Trailers LLC
since 2021
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,545,000
Current use
AUTO REPAIR, GARAGE
$1,375,000
Change: -11% · Conversion: Easy
RETAIL STORES
$1,330,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$90 / 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
$6,230
Tax year 2024
Assessed value
$722,500
Assessed 2024
Previous assessed
$723,800
-0.2% YoY
Effective rate
0.86%
On assessed value
Assessed land
$199,600
Assessed improvement
$522,900
Land market value
$199,600
Improvement market value
$522,900
Total market value
$722,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
10,500 SF
Lot
3.05 ac (132,858 SF)
Zoning code
M1
APN
230915-44408
UPID
US90-1885925
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2003
Construction
METAL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
Port District Trailers LLC
Entity
Mailing address
693 WALLACE WAY, GRANDVIEW, WA 98930-8836
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2021
—
Port District Trailers LLC
Gerald Dion
Quit Claim Deed
related
$355,250 · Numerica Cu
Oct 6, 2021
$733,143
Gerald Dion
Dan M Wyatt
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
May 22, 2015
$579,612
Gerald Dion
Wyatt Dan M & Janis
Dual Purpose Document
related
$514,612 · Dan M & Janis Wyatt
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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