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Property profile & analytics
OFF-MARKET
Estimated value
$13,365,000
Retail space
12 Fair Ave Yakima, WA 98901-4520
Entity Owned
Free & Clear
Property ID
US90-1421493
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
115,885 SF
Lot
7.83 ac (341,075 SF)
Zoning code
RD
APN
191319-11511
UPID
US90-1421493
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
-
Target Grocery Grocery & Convenience Store Food Market
-
Target Mobile Mobile Phone Store Electronics & Wireless Store
-
Target Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.08M
Comparable Approach
Comparable
$13.01M
Blend (final)
Blend
$13.37M
Owner & transaction history
TARGET CORPORATION T076
TARGET CORPORATION T076
Zoning & alternative use
RD · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the regional development district is to provide high visibility from the interstate and state highways of the city of Yakima to provide regional commerce, office campus, recreation, large-scale retail, culture, light manufacturing, processing, research, and large multiple mixed uses.
Zone name
Regional Development District
General category
MIXED_USE
Zone area
559.21 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$18.9M
+41.6%
Auto repair, garage
$14.7M
+10.6%
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%
$19,585,000
6.5%
$18,075,000
7%
$16,785,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,330,000
Current use
INDUSTRIAL (GENERAL)
$18,875,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,745,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$13.37M
Range $12.03M – $14.70M · ±10%
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
$115 / 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
$77,376
Tax year 2024
Assessed value
$8,499,200
Assessed 2024
Previous assessed
$8,362,750
+1.6% YoY
Effective rate
0.91%
On assessed value
Assessed land
$3,684,000
Assessed improvement
$4,815,200
Land market value
$3,684,000
Improvement market value
$4,815,200
Total market value
$8,499,200
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
115,885 SF
Lot
7.83 ac (341,075 SF)
Zoning code
RD
APN
191319-11511
UPID
US90-1421493
Jurisdiction
YAKIMA
Zoning & alternative use
RD · Yakima, WAZoning RD · permitted uses
RD · 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 regional development district is to provide high visibility from the interstate and state highways of the city of Yakima to provide regional commerce, office campus, recreation, large-scale retail, culture, light manufacturing, processing, research, and large multiple mixed uses.
Zone name
Regional Development District
General category
MIXED_USE
Zone area
559.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$13.3M
INDUSTRIAL (GENERAL)
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$14.7M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
7.83 ac
Current owner
From public records · entity-resolved
TARGET CORPORATION T076
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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