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Property profile & analytics
OFF-MARKET
Estimated value
$14,905,000
Residential income homes
1050 Mtn Vw Ave, Ellensburg, WA 98926-3930
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0620520
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1971
Total area
25,096 SF
Lot
1.98 ac (86,249 SF)
Zoning code
ERS
APN
956176
UPID
US90-0620520
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
-
Kittitas Valley Health & Rehab Nursing Home
-
Prestige Post-Acute and Rehab Center - Kittitas Nursing Home
-
John W. Whitworth, PTA Physician
-
Jameka Young Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.91M
Owner & transaction history
Bright Light Ventures LLC · 1 yrs held
Bright Light Ventures LLC
since 2024
Last sale
$14.9M
7 recorded transactions
Zoning & alternative use
ERS · Ellensburg, 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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
$14,905,000
ML approach
$14,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.91M
Range $13.41M – $16.40M · ±10% · vs last sale $14.91M (Aug 30 2024)
Last sale anchor
$14.91M
Aug 30 2024
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
$594 / 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
Property tax & assessments
Assessed value
$2,562,140
Assessed 2024
Previous assessed
$2,264,560
+13.1% YoY
Assessed land
$280,310
Assessed improvement
$2,281,830
Land market value
$280,310
Improvement market value
$2,281,830
Total market value
$2,562,140
Applied tax rate
18.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1971
Heating
PACKAGE
Stories
1
Total area
25,096 SF
Lot
1.98 ac (86,249 SF)
Zoning code
ERS
APN
956176
UPID
US90-0620520
Jurisdiction
KITTITAS
Zoning & alternative use
ERS · Ellensburg, WA
Zoning ERS · permitted uses
ERS · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Heating
PACKAGE
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Bright Light Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7700 NE PKWY DR STE 300TH VANCOUVER
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Bright Light Ventures LLC
Timberview Ventures LLC
Bargain And Sale Deed
—
Aug 30, 2024
$14,906,863
Ellensburg 1050 Realty
Bright Light Ventures LLC
Deed
$260,000,000 · Ctr Partnership LP A Delaware
Dec 29, 2020
—
Bk Leum USA
Timberview Ventures LLC
Grant Deed
related
$11,500,000 · Bank Leumi USA
Sep 20, 2019
—
Timberview Ventures LLC
—
Deed
related
—
Aug 9, 2018
—
Timberview Ventures LLC
—
Deed
related
—
Sep 22, 2014
$1,773,240
Timberview Ventures LLC
Homes Re 1 LLC
Grant Deed
—
Oct 25, 2006
—
Homes Re 1 LLC
Extendicare Homes INC
Quit Claim Deed
related
$500,000,000 · Lehman Brothers Bank Fsb
—
—
Timberview Ventures LLC
—
Loan Modification
related
$48,890,650 · Midcap Funding Vii Trust (ct)
—
—
Timberview Ventures LLC
—
Loan Modification
related
—
—
—
Timberview Ventures LLC
—
Loan Modification
related
$46,093,987 · * Other Institutional Lenders
—
—
Timberview Ventures LLC
—
Loan Modification
related
—
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.
Try Rey
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