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Property profile & analytics
OFF-MARKET
Strip malls
7007 Burden Blvd Pasco, WA 99301-9185
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-3310331
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
4,016 SF
Lot
0.53 ac (23,087 SF)
APN
116160025
UPID
US90-3310331
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
-
State Farm Insurance Agency
-
Domino's Pizza Take-out & Catering
-
Matt T. Herres, DC Alternative Medicine Practice
-
Bonnie Harrington Spa & Massage Center Alternative Medicine Practice
-
Jason Cowgill - State Farm Insurance Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mgmo 4m Iic · 17 yrs held
Mgmo 4m Iic
since 2009
7 recorded transactions
Zoning & alternative use
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 Pasco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pasco 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$8,442
Tax year 2021
Assessed value
$971,200
Assessed 2023
Previous assessed
$860,700
+12.8% YoY
Effective rate
0.87%
On assessed value
Assessed land
$418,700
Assessed improvement
$552,500
Land market value
$418,700
Improvement market value
$552,500
Total market value
$971,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
1
Total area
4,016 SF
Lot
0.53 ac (23,087 SF)
APN
116160025
UPID
US90-3310331
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Mgmo 4m Iic
Individual
Mailing address
3006 RD 76TH CT, PASCO, WA 99301-1882
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2009
—
Mgmo 4m Iic
Herres,matt & Michelle
Quit Claim Deed
related
—
Mar 13, 2006
—
Jsi Construction INC
Joshi Trust
Quit Claim Deed
related
—
Mar 13, 2006
$600,000
Matt Herres
Jsi Construction INC
Warranty Deed
$480,000 · Bank Of Whitman
Sep 7, 2001
—
Arun N Joshi
Nwa Development III INC
Grant Deed
related
—
Mar 26, 2001
$93,052
Arun Joshi
Eickmeyer,lee A & Lynne M
Grant Deed
—
May 20, 1998
$69,789
Langlois,daneff Partnership
Mullen,randy R & Jacqueline L
Grant Deed
—
—
—
Daneff
—
Deed Of Trust
related
$202,000 · Community First Bank
—
—
Matt Herres
—
Deed Of Trust
related
$490,000 · Columbia River Bank
—
—
Joshi Trust
—
Deed Of Trust
related
$249,000 · Columbia River 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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