Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Office buildings
120 Naches Ave Yakima, WA 98901-2757
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1618547
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
WOOD
Total area
13,290 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CBD
APN
191319-21512
UPID
US90-1618547
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
-
Brendan V. Monahan Law Firm
-
Russel, Sean A Law Firm
-
Jones Garon K Law Firm
-
Stokes Lawrence Velikanje Moore & Shore Law Firm
-
Griffee Ryan Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.99M
Owner & transaction history
Seayak Properties LLC · 2 yrs held
Seayak Properties LLC
since 2023
Last sale
$2.0M
4 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
Method
Estimation
Statistic approach
$2,050,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$2,515,000
6.5%
$2,320,000
7%
$2,155,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,575,000
Current use
MEDICAL BUILDING
$2,575,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,165,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±10% · vs last sale $1.96M (Nov 1 2023)
Last sale anchor
$1.96M
Nov 1 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
$150 / 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
$10,503
Tax year 2024
Assessed value
$1,206,200
Assessed 2024
Previous assessed
$1,223,700
-1.4% YoY
Effective rate
0.87%
On assessed value
Assessed land
$168,000
Assessed improvement
$1,038,200
Land market value
$168,000
Improvement market value
$1,038,200
Total market value
$1,206,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
13,290 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CBD
APN
191319-21512
UPID
US90-1618547
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
OFFICE BUILDING Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Seayak Properties LLC
Entity
Mailing address
120 N NACHES AVE, YAKIMA, WA 98901-2757
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$1,955,000
Seayak Properties LLC
Schneider Development Co LLC
Warranty Deed
$1,250,000 · Umpqua Bank
Aug 29, 2008
$910,000
Schneider Dev Co LLC
SR Associates Group
Warranty Deed
$637,000 · Banner Bank
Apr 28, 1994
$1,000,000
SR Associates
G-r Properties
Grant Deed
$640,000 · Kittitas Valley Bank
—
—
SR Associates
—
Deed Of Trust
related
$38,848 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 120 Naches Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
