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Property profile & analytics
OFF-MARKET
Estimated value
$9,100,000
Hotels
107 Fair Ave Yakima, WA 98901-4514
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1052454
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
WOOD
Total area
77,646 SF
Lot
3.18 ac (138,521 SF)
Zoning code
RD
APN
191318-44002
UPID
US90-1052454
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
-
Ledgestone Hotel Yakima Hotel & Motel
-
Tesla Supercharger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.10M
Owner & transaction history
Yakima Hotel Investors LLC · 1 yrs held
Yakima Hotel Investors LLC
since 2025
Last sale
$9.2M
7 recorded transactions
Zoning & alternative use
RD · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+99.8%
Medical building
$9.5M
+97.9%
Office building
$8.6M
+78.4%
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 Yakima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yakima 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,735,000
6.5%
$8,990,000
7%
$8,345,000
Alternative Use
Use
Estimation
RESTAURANT
$9,630,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$9,540,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$8,600,000
Change: +78% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,400,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,190,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$6,180,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10% · vs last sale $9.15M (Apr 7 2025)
Last sale anchor
$9.15M
Apr 7 2025
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
$117 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$61,946
Tax year 2024
Assessed value
$7,073,900
Assessed 2024
Previous assessed
$7,073,900
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,177,100
Assessed improvement
$5,896,800
Land market value
$1,177,100
Improvement market value
$5,896,800
Total market value
$7,073,900
Applied tax rate
331.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Total area
77,646 SF
Lot
3.18 ac (138,521 SF)
Zoning code
RD
APN
191318-44002
UPID
US90-1052454
Jurisdiction
YAKIMA
Zoning & alternative use
RD · Yakima, WA
Zoning RD · permitted uses
RD · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.6M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$6.2M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
3.18 ac
Current owner
From public records · entity-resolved
Yakima Hotel Investors LLC
Entity
Mailing address
1310 26TH AVE NW, GIG HARBOR, WA 98335-7841
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2025
$9,153,824
Yakima Hotel Investors LLC
Yakima Residence LLC
Warranty Deed
$4,500,000 · Yakima Residences LLC
Mar 17, 2022
—
Yakima Residences LLC
—
Deed
related
$4,500,000 · Heritage Southeast Bank
Oct 30, 2009
—
Yakima Residences LLC
—
Deed Of Trust
related
$8,500,000 · Intervest Mortgage Co LLC
Oct 3, 2006
$1,300,000
Yakima Residences LLC
Lukehart,gary D & Mary M
Warranty Deed
—
—
—
Gary D Lukehart
—
Deed Of Trust
related
$700,000 · Tower Investments INC
—
—
Yakima Residences LLC
—
Deed Of Trust
related
$8,500,000 · Intervest Mortgage Co LLC
—
—
Yakima Residences LLC
—
Deed Of Trust
related
$6,700,000 · First Savings Bank
—
—
Gary D Lukehart
—
Deed Of Trust
related
$700,000 · Tower Investments INC
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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