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Property profile & analytics
OFF-MARKET
Commercial land
Grandview, WA 98930
Individually Owned
Absentee Owner
Free & Clear
Property ID
US90-2642333
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
230923-12524
UPID
US90-2642333
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
ALBERT C MEHRER
ALBERT C MEHRER
Zoning & alternative use
R2 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Purpose. § 17.30.020 Permitted uses. § 17.30.030 Permitted accessory uses. § 17.30.040 Conditional uses. § 17.30.050 Development standards. § 17.30.060 Area regulations - Construction and siting standards. Chapter 17.34 R-2 MEDIUM DENSITY RESIDENTIAL DISTRICT § 17.34.010 Purpose. § 17.34.020 Permitted uses. § 17.34.030 Permitted accessory uses. § 17.34.040 C…
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
98.94 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
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
$226
Tax year 2024
Assessed value
$22,100
Assessed 2024
Previous assessed
$22,100
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$22,100
Land market value
$22,100
Total market value
$22,100
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
230923-12524
UPID
US90-2642333
Jurisdiction
YAKIMA
Zoning & alternative use
R2 · Grandview, WAZoning R2 · permitted uses
R2 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Purpose. § 17.30.020 Permitted uses. § 17.30.030 Permitted accessory uses. § 17.30.040 Conditional uses. § 17.30.050 Development standards. § 17.30.060 Area regulations - Construction and siting standards. Chapter 17.34 R-2 MEDIUM DENSITY RESIDENTIAL DISTRICT § 17.34.010 Purpose. § 17.34.020 Permitted uses. § 17.34.030 Permitted accessory uses. § 17.34.040 Conditional uses. § 17.34.050 Development standards. § 17.34.060 Area regulations -
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
98.94 ac
Building & site characteristics
From public records
Heating
NONE
Lot
1.8 ac
Current owner
From public records · entity-resolved
ALBERT C MEHRER
Individual
Free & Clear · 0 yrs held
Mailing address
3 CLARITA CT, NOVATO, CA 94947-3704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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