NOT LISTED FOR SALE

460 Mclaughlin Rd Yakima, WA 98908

Gleed Area

Estimated Value: $812,074

Studio
-- Baths
14,990 Sq Ft
$54/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2022

Last sale price $882,000 $59 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,523 / mo

56 Days on Market

About This Home

As of April 2022

THIS OFFERING is for the opportunity to acquire a passive single tenant net leased investment property with minimal landlord responsibilities and within the industrial sector, which is currently in very high demand within the marketplace.

The property is leased to Haley Manufacturing (haleymfg.com), an established local manufacturing company specializing in agricultural products, through November of 2028 at below market rent of only $.40/SF/month, NNN, with 2% annual escalations. The advertised net operating income calculation is conservative after reductions of 5% for a vacancy factor and 2% for capital replacement reserves.

This is a rare opportunity to acquire an investment grade offering where the capitalization rate does not manipulate the price above market, which in turn provides both for downside protection and significant potential upside.

Last Agent to Sell the Property

Bill Almon

Almon Commercial-Residential Real Estate License #17047 Listed on: 02/21/2022

Last Buyer's Agent

Bill Almon

Almon Commercial-Residential Real Estate License #17047 Listed on: 02/21/2022

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Other

Year Built

  • Built in 1976

Lot Details

  • 4.8

Home Design

  • Composition Roof
  • Metal Roof

Listing and Financial Details

  • Assessor Parcel Number 181431-21016

Property Details

Property Type

Other

Year Built

Built in 1976

Lot Details

4.8 Acres

Listing Details

  • Directions: From Hwy 12, turn west on McLaughlin Rd
  • Prop. Type: Comm/Industrial
  • Year Built: 1976
  • Property Sub Type: Commercial Property
  • LotSizeAcres: 4.8
  • Co List Office Mls Id: 45
  • ApprovalStatus: Yes
  • DelayedMarketingYN: No
  • Contract Information: Seller Disclosure: No
  • Domestic Water: Private Well
  • General Property Description: Realtor.COM Type: Commercial
  • Location, Tax & Legal: Sellers Title Ins Co: Fidelity Title
  • Location, Tax & Legal: Spec Tax Designation: None
  • Lot Size: 1+ - 5.0 Acres
  • Status Change Info: Financing: OTHER
  • Construction Style: Frame, Steel
  • Contract Information: List Pr Description: Total List Price
  • General Property Description: List Price Per SqFt: 59.62
  • General Property Description: Sale/Lease: For Sale
  • Status Change Info: Sold Pr Description: Total Sold Price
  • General Property Description: Main Use: Industrial
  • Special Features: None

Exterior Features

  • Roof: Composition, Metal
  • Construction Type: Frame

Utilities

  • Sewer: Septic Installed
  • Water Source: Private

Lot Info

  • Parcel #: 181431-21016
  • Lot Size Sq Ft: 174240.0
  • Zoning Description: C - Commercial

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4384.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Apr 27, 2022
Sold by
Haley Family Investments Llc
Bought by
Seller's Agent
Bill Almon
Almon Commercial-Residential Real Estate
Buyer's Agent
Bill Almon
Almon Commercial-Residential Real Estate
Sold Price
$882,000
Current Estimated Value
$812,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,926
Avg. Annual Appreciation
-1.88%
Original Mortgage
$661,500
Outstanding Balance
$611,028
Interest Rate
4.16%
Mortgage Type
Credit Line Revolving
Estimated Equity
$201,046

Purchase Details

Closed on
Nov 29, 2018
Sold by
Bader Robert B and Bader Cecile
Bought by
Haley Family Investments Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Yakima, WA

  • Pricila Delatorre Real Estate Agent - Keller Williams Yakima Valley

    Pricila Delatorre

    Keller Williams Yakima Valley

    (509) 424-5869

    113 Total Sales

    1 in Gleed

    $368,500 Price

    Pricila Delatorre
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  • Joanne Helms Real Estate Agent - Fathom Realty WA LLC

    Joanne Helms

    Fathom Realty WA LLC

    (509) 834-7226

    75 Total Sales

    2 in Gleed

    $270K - $430K Price Range

    Joanne Helms
     Section Image
  • Erin Kline-Aleman Real Estate Agent - NextMove Realty

    Erin Kline-Aleman

    NextMove Realty

    (425) 230-6725

    56 Total Sales

    3 in Gleed

    $54K - $680K Price Range

    Erin Kline-Aleman
     Section Image
  • Heidi Bright Real Estate Agent - Coldwell Banker Danforth

    Heidi Bright

    Coldwell Banker Danforth

    (425) 906-5041

    27 Total Sales

    2 in Gleed

    $775,000 Price Range

    Heidi Bright
     Section Image
  • Stacy Lopes Real Estate Agent - RE/MAX, The Collective

    Stacy Lopes

    RE/MAX, The Collective

    (509) 902-7280

    69 Total Sales

    2 in Gleed

    $405K - $540K Price Range

    Stacy Lopes
     Section Image
  • Jenifer Watson Real Estate Agent - RE/MAX, The Collective

    Jenifer Watson

    RE/MAX, The Collective

    (509) 317-9144

    162 Total Sales

    3 in Gleed

    $162K - $399K Price Range

    Jenifer Watson
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$758,124 Fidelity National Title
Haley Family Investments Llc $450,000 Valley Title Guarantee
Haley Family Investments Llc $386,798 Fidelity Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $661,500
Previous Owner Haley Family Investments Llc $500,000
Previous Owner Bader B Robert $285,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $882,000 -- $59 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
Source: MLS Of Yakima Association Of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $12,511 $788,400 $325,300 $463,100
2025 $8,888 $883,500 $325,300 $558,200
2023 $7,638 $737,100 $325,300 $411,800
2022 $4,384 $366,200 $137,300 $228,900
2021 $10,073 $366,000 $137,300 $228,700
2019 $2,650 $222,200 $36,500 $185,700
2017 $2,794 $206,800 $36,500 $170,300
2016 $3,397 $218,300 $36,500 $181,800
2015 $3,397 $226,500 $36,500 $190,000
2014 $3,397 $249,700 $36,500 $213,200
2013 $3,397 $249,700 $36,500 $213,200
Source: Public Records

Agents Affiliated with this Home

  • Bill Almon Real Estate Agent - Almon Commercial-Residential Real Estate

    Seller's Agent in 2022

    Bill Almon

    Almon Commercial-Residential Real Estate

    (509) 966-3800

    147 Total Sales

    Bill Almon
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Map

Source: MLS Of Yakima Association Of REALTORS®

MLS Number: 22-280

MLS Of Yakima Association Of REALTORS®

APN: 181431-21016

Washington Yakima County Yakima 98908

460 Mclaughlin Rd, Yakima, WA

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MLS Of Yakima Association Of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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