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Property profile & analytics
OFF-MARKET
Estimated value
$5,545,000
Office buildings
1202 16th Ave Yakima, WA 98902-1348
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0563949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Construction
METAL FRAME
Total area
30,322 SF
Lot
1.87 ac (81,414 SF)
Zoning code
B2
APN
181314-11428
UPID
US90-0563949
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
-
Marsh McLennan Agency Insurance Agency
-
BBSI Yakima Insurance Agency
-
CLA (CliftonLarsonAllen) Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.30M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$5.55M
Owner & transaction history
River 16 LLC · 5 yrs held
River 16 LLC
since 2021
1 recorded transaction
Zoning & alternative use
B2 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.9M
+120.9%
Industrial (general)
$4.9M
+22.1%
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%
$5,740,000
6.5%
$5,295,000
7%
$4,920,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,045,000
Current use
COMMERCIAL (GENERAL)
$8,935,000
Change: +121% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,940,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,860,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$3,700,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$3,470,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$5.55M
Range $4.99M – $6.10M · ±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
$183 / 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
$57,608
Tax year 2024
Assessed value
$6,786,800
Assessed 2024
Previous assessed
$6,667,400
+1.8% YoY
Effective rate
0.85%
On assessed value
Assessed land
$977,200
Assessed improvement
$5,809,600
Land market value
$977,200
Improvement market value
$5,809,600
Total market value
$6,786,800
Applied tax rate
335.0000
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
2020
Construction
METAL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
30,322 SF
Lot
1.87 ac (81,414 SF)
Zoning code
B2
APN
181314-11428
UPID
US90-0563949
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Yakima, WA
Zoning B2 · permitted uses
B2 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$8.9M
INDUSTRIAL (GENERAL)
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2020
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
River 16 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1214 N 20TH AVE, YAKIMA, WA 98902-1209
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
River 16 LLC
Ida P Matzke
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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