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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Specialty properties
836 3rd Ave Pasco, WA 99301-5704
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0085271
Property summary
AI-generated overview
This ±25,000 square foot warehouse in Pasco, Washington, is available for sale or lease. Located at 836 S 3rd Ave, this Class C industrial property features a high-bay design and is divisible into suites, with a minimum divisible space of 4,831 square feet. The entire building is also available for lease. Built in 1979, the warehouse sits on a 1.08-acre lot (APN 112370551) and offers four roll-up doors, facilitating easy access for tractor-trailers. Amenities include break rooms, retail/office space, a parts room, storage, and a built-out mezzanine. One suite even includes a large, constructed paint booth. The property is fully fenced with two points of ingress and egress, allowing for efficient through-traffic. The lease rate is $9 per square foot, plus NNN. The property is also available for purchase (MLS# 276168). This highly sought-after location in Franklin County offers a unique opportunity for businesses seeking flexible space and significant cost savings with free base rent for the remainder of 2024.
Property profile
Verified
Property type
Specialty properties
Use group
COMMERCIAL MISC
Year built
1979
Total area
25,000 SF
Lot
1.08 ac (47,045 SF)
APN
112370551
UPID
US90-0085271
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.38M
Owner & transaction history
836 S 3rd Holdings LLC · 3 yrs held
836 S 3rd Holdings LLC
since 2023
Last sale
$1.3M
3 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
Method
Estimation
Statistic approach
$1,400,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.30M (Jun 30 2023)
Last sale anchor
$1.30M
Jun 30 2023
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
$55 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,835
Tax year 2021
Assessed value
$1,506,000
Assessed 2023
Previous assessed
$863,500
+74.4% YoY
Effective rate
0.52%
On assessed value
Assessed land
$137,100
Assessed improvement
$1,368,900
Land market value
$137,100
Improvement market value
$1,368,900
Total market value
$1,506,000
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
Specialty properties
Use group
COMMERCIAL MISC
Status
Off-Market
Year built
1979
Heating
SPACE
Stories
1
Total area
25,000 SF
Lot
1.08 ac (47,045 SF)
APN
112370551
UPID
US90-0085271
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
1979
Heating
SPACE
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
836 S 3rd Holdings LLC
Entity
Mailing address
1218 3RD AVE STE #2200, SEATTLE, WA 98101-3021
Ownership since
2023
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
Jun 30, 2023
$1,300,000
836 S 3rd Holdings LLC
Donald K Ireland
Warranty Deed
$1,040,000 · Lars Nelson
Jun 30, 2023
—
Tru Door INC
Lars L Nelson
Lease
—
Jan 5, 2009
$79,816
Lars L Nelson
Ireland,donald K
Warranty Deed
—
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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