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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Auto shops
12 3rd Ave Yakima, WA 98902-3420
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1488102
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBD
APN
181324-14503
UPID
US90-1488102
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
-
PNW DETAILING STUDIO Car Wash
-
High Point Kitchen & Bath (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Smith Auto Repair & Electric Auto Repair Shop Vehicle Inspection Center
-
Copeland Chiropractic Clinic Alternative Medicine Practice
-
Apex Plumbing & Mechanical Piping Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$855k
Owner & transaction history
Tucker Alexander Rose LLC · 2 yrs held
Tucker Alexander Rose LLC
since 2023
Last sale
$850,000
7 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
Top alternative use upside
Industrial (general)
$975,000
+28.0%
Office building
$800,000
+4.9%
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
$840,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$765,000
Current use
INDUSTRIAL (GENERAL)
$975,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$800,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$730,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $850k (Sep 8 2023)
Last sale anchor
$850k
Sep 8 2023
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
$143 / 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
$5,104
Tax year 2024
Assessed value
$567,800
Assessed 2024
Previous assessed
$512,900
+10.7% YoY
Effective rate
0.90%
On assessed value
Assessed land
$70,000
Assessed improvement
$497,800
Land market value
$70,000
Improvement market value
$497,800
Total market value
$567,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CBD
APN
181324-14503
UPID
US90-1488102
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$765,000
INDUSTRIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$730,000
MEDICAL BUILDING
Est. value
$685,000
AUTO REPAIR, GARAGE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Tucker Alexander Rose LLC
Entity
Mailing address
14507 FISK RD, YAKIMA, WA 98908-9525
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
$850,000
Tucker Alexander Rose LLC
Apex Group Properties LLC
Warranty Deed
$771,100 · Wells Fargo Bank NA
Feb 8, 2021
$525,000
Apex Group Properties LLC
James K Thomas
Warranty Deed
related
—
Jan 29, 2021
—
Apex Group Properties LLC
—
Deed
related
$736,000 · Cashmere Valley Bank
Nov 20, 2019
$525,000
Apex Group Properties LLC
James K Thomas
Grant Deed
—
Sep 26, 2019
—
James K Thomas
—
Deed
related
$250,000 · Heritage Bk
Oct 18, 2018
—
James K Thomas
—
Deed
related
$190,000 · Heritage Bk
Aug 15, 2017
—
James K Thomas
—
Deed
related
$153,000 · Heritage Bk
Feb 12, 1999
$235,000
Jack K Thomas
Barker,jack & Shirley
Grant Deed
$225,000 · Seller
—
—
James K Thomas
—
Deed Of Trust
related
$71,101 · Individual
—
—
James K Thomas
—
Loan Modification
related
$250,000 · Heritage Bk
—
—
James K Thomas
—
Deed Of Trust
related
$46,500 · Central Valley Bank
—
—
James K Thomas
—
Deed Of Trust
related
$22,400 · Patricia P Thomas
—
—
James K Thomas
—
Deed Of Trust
related
$261,600 · Central Valley Bank
—
—
James K Thomas
—
Loan Modification
related
$153,000 · Heritage Bk
—
—
James K Thomas
—
Loan Modification
related
$190,000 · Heritage Bk
—
—
James K Thomas
—
Deed Of Trust
related
$295,000 · Shamrock Mortgage 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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