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Property profile & analytics
OFF-MARKET
Commercial land
701 Pioneer Ln Union Gap, WA 98903
Individually Owned
12-yr Hold
Free & Clear
Property ID
US90-3124836
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1978
Total area
2,464 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R2
APN
181336-43037
UPID
US90-3124836
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David W Matson · 12 yrs held
David W Matson
since 2013
6 recorded transactions
Zoning & alternative use
R2 · 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
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 2024Property tax & assessments
Tax year 2024
Tax billed
$167
Tax year 2024
Assessed value
$19,000
Assessed 2024
Previous assessed
$19,000
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$19,000
Land market value
$19,000
Total market value
$19,000
Applied tax rate
350.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,464 SF
Lot
0.33 ac (14,375 SF)
Zoning code
R2
APN
181336-43037
UPID
US90-3124836
Jurisdiction
YAKIMA
Zoning & alternative use
R2 · Union Gap, WA
Zoning R2 · permitted uses
R2 · 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
1978
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
David W Matson
Individual
Free & Clear · 12 yrs held
Mailing address
2218 CORNELL AVE, YAKIMA, WA 98903-1341
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2013
—
David W Matson
Deutscher,ralph L
Grant Deed
—
Oct 10, 2007
$50,000
David W Matson
Deutscher,ralph L
Grant Deed
—
Sep 14, 2007
$5,000
City Of Union Gap
Deutscher,ralph L
Warranty Deed
—
—
—
Ralph L Deutscher
—
Deed Of Trust
related
$56,815 · Us Bank NA Nd
—
—
Ralph L Deutscher
—
Deed Of Trust
related
$49,724 · Veterans Choice Mortgage INC
—
—
Ralph L Deutscher
—
Deed Of Trust
related
$52,000 · Us Bank NA Nd
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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