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Property profile & analytics
FOR LEASE
Distribution centers
700 W Valley Mall Blvd Union Gap, WA 98903
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1227888
For Lease
1 / 10
$9 SF/Yr
700 W Valley Mall Blvd, Union Gap, WA 98903
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Property summary
AI-generated overview
This Yakima, WA warehouse offers 22,070 rentable square feet in a multi-tenant building totaling 33,778 square feet. Located at 700 W. Valley Mall Blvd., Suite 300, this Class B property features a 1.45-acre lot, a 19'4" ceiling height, and four loading docks. Built in 1970, the two-story building includes one dock-high door and 220v 3-phase power. The property is zoned commercial and boasts a gated and secured laydown yard, providing ample space for operations. This is an excellent opportunity for businesses seeking a well-located, functional warehouse space in a thriving Yakima commercial area. The property's APN is 191206-11016 & 11017. The available space is ideal for a variety of industrial uses, offering a strategic location with excellent visibility and accessibility. This is a rare opportunity to secure a significant warehouse space in a desirable location. The property's size and features make it suitable for a range of businesses seeking efficient and secure operations. Don't miss this chance to establish your business in this prime Yakima location.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,624 SF
Lot
1.45 ac (63,162 SF)
Zoning code
W/W
APN
191206-11017
UPID
US90-1227888
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
$1.31M
Blend (final)
Blend
$2.05M
Owner & transaction history
Flying Colors Group · 7 yrs held
Flying Colors Group
since 2019
7 recorded transactions
Zoning & alternative use
W/W · Union Gap, 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 Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap 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
$2.05M
Range $1.85M – $2.26M · ±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
$69 / 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
$14,382
Tax year 2024
Assessed value
$2,091,300
Assessed 2024
Previous assessed
$1,881,900
+11.1% YoY
Effective rate
0.69%
On assessed value
Assessed land
$189,100
Assessed improvement
$1,902,200
Land market value
$189,100
Improvement market value
$1,902,200
Total market value
$2,091,300
Applied tax rate
300.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
29,624 SF
Lot
1.45 ac (63,162 SF)
Zoning code
W/W
APN
191206-11017
UPID
US90-1227888
Jurisdiction
YAKIMA
Zoning & alternative use
W/W · Union Gap, WA
Zoning W/W · permitted uses
W/W · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union Gap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Flying Colors Group
Entity
Mailing address
1506 WHEELBARROW CRK RD, STEVENSVILLE, MT 59870-6176
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2019
$2,924,650
Flying Colors Group
Jewl Pfc LLC
Warranty Deed
$1,975,000 · Miscellaneous Ins Co
Aug 30, 2017
—
Jewl Pfc LLC
—
Deed
related
$408,000 · Joseph F & Connie Farina
Jan 3, 2017
$1,242,000
Jewl Pfc LLC
Sander,richard M & Eleanor M
Warranty Deed
$1,020,000 · Joseph F & Connie Farina
Dec 6, 2002
$900,000
Richard M Sander
Earp,gerald E
Grant Deed
$270,000 · Pacific Northwest Bank
—
—
Richard M Sander
—
Loan Modification
related
$225,000 · Umpqua Bk
—
—
Jewl Pfc LLC
—
Deed Of Trust
related
$408,000 · Joseph F & Connie Farina
—
—
Gerald E Earp
—
Deed Of Trust
related
$340,000 · Seafirst Bank
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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