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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
115 50th Ave Yakima, WA 98908-2886
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0693635
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
WOOD
Total area
2,919 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B1
APN
181321-41516
UPID
US90-0693635
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
-
Financial Management Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$565k
Owner & transaction history
Cti Wa LLC · 6 yrs held
Cti Wa LLC
since 2020
Last sale
$529,411
7 recorded transactions
Zoning & alternative use
B1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+58.1%
Medical building
$565,000
+3.9%
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
$590,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$545,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$565,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $529k (Jul 2 2020)
Last sale anchor
$529k
Jul 2 2020
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
$194 / 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
$4,985
Tax year 2024
Assessed value
$557,600
Assessed 2024
Previous assessed
$556,500
+0.2% YoY
Effective rate
0.89%
On assessed value
Assessed land
$111,900
Assessed improvement
$445,700
Land market value
$111,900
Improvement market value
$445,700
Total market value
$557,600
Applied tax rate
585.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
2,919 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B1
APN
181321-41516
UPID
US90-0693635
Jurisdiction
YAKIMA
Zoning & alternative use
B1 · Yakima, WAZoning B1 · permitted uses
B1 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$860,000
MEDICAL BUILDING
Est. value
$565,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1992
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Cti Wa LLC
Entity
Mailing address
115 N 50TH AVE, YAKIMA, WA 98908-2886
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Apr 7, 2026
—
Cti Wa LLC
—
Deed
related
$250,000 · U S Bank N A
Jul 2, 2020
$450,000
Cti Wa LLC
Rvcp LLC
Warranty Deed
$374,000 · Us Bk
Mar 23, 2018
—
Rvcp LLC
—
Deed
related
—
Dec 16, 2009
—
Rvcp LLC
Permann,clark L & Tanya
Quit Claim Deed
related
$362,500 · Community South Bank
Oct 20, 2004
$350,000
Clark L Permann
Triple C Of Texas
Grant Deed
$350,000 · Danteza LLC
Jul 2, 2001
$697,000
Triple C Texas
Abrams Family Investments LLC
Trustees Deed
$4,050,000 · Us Bank NA
Jul 2, 2001
—
Triple C Texas
Abrams Family Investments LLC
Grant Deed
related
—
Mar 8, 1991
$229,650
Myron R Abrams
Unknown
Grant Deed
—
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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