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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
111 2nd St Yakima, WA 98901-2809
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1538580
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
428 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD
APN
191319-24425
UPID
US90-1538580
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
Yaknet Holdings LLC · 2 yrs held
Yaknet Holdings LLC
since 2024
Last sale
$481,141
3 recorded transactions
Zoning & alternative use
CBD · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the central business district is to preserve the business district of the city of Yakima as the regions center of commerce, finance, government, industry, recreation, and culture.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
283.47 ac
Source
Realmo
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
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
$3,403
Tax year 2024
Assessed value
$381,200
Assessed 2024
Previous assessed
$345,300
+10.4% YoY
Effective rate
0.89%
On assessed value
Assessed land
$113,400
Assessed improvement
$267,800
Land market value
$113,400
Improvement market value
$267,800
Total market value
$381,200
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
428 SF
Lot
0.23 ac (10,019 SF)
Zoning code
CBD
APN
191319-24425
UPID
US90-1538580
Jurisdiction
YAKIMA
Zoning & alternative use
CBD · Yakima, WAZoning CBD · permitted uses
CBD · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the central business district is to preserve the business district of the city of Yakima as the regions center of commerce, finance, government, industry, recreation, and culture.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
283.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Yaknet Holdings LLC
Entity
Mailing address
11509 W TIETON DR, YAKIMA, WA 98908-9541
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
$481,141
Yaknet Holdings LLC
Roberta A Mcdonnell
Warranty Deed
$306,141 · Roberta Mcdonnell
Jan 30, 2015
—
Roberta A Mc Donnell
Grabenstein,dorothy L
Quit Claim Deed
related
—
Sep 15, 2009
—
Dorothy L Grabenstein
Grabenstein,dorothy L
Quit Claim Deed
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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