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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Office buildings
1214 16th Ave Yakima, WA 98902-1348
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1489998
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
WOOD
Total area
9,789 SF
Lot
1 ac (43,560 SF)
Zoning code
B1
APN
181314-11418
UPID
US90-1489998
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
-
Evergreen Financial Services Inc Bank Credit Union
-
Evergreen Billing Solutions Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.71M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.47M
Owner & transaction history
Buddy Q LLC · 6 yrs held
Buddy Q LLC
since 2019
7 recorded transactions
Zoning & alternative use
B1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+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%
$1,850,000
6.5%
$1,710,000
7%
$1,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,305,000
Current use
INDUSTRIAL (GENERAL)
$1,595,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,245,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$1,120,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$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
$12,855
Tax year 2024
Assessed value
$1,433,400
Assessed 2024
Previous assessed
$1,344,500
+6.6% YoY
Effective rate
0.90%
On assessed value
Assessed land
$260,400
Assessed improvement
$1,173,000
Land market value
$260,400
Improvement market value
$1,173,000
Total market value
$1,433,400
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
1996
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
9,789 SF
Lot
1 ac (43,560 SF)
Zoning code
B1
APN
181314-11418
UPID
US90-1489998
Jurisdiction
YAKIMA
Zoning & alternative use
B1 · Yakima, WA
Zoning B1 · permitted uses
B1 · 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
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING Current
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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Buddy Q LLC
Entity
Mailing address
PO BOX 9073, YAKIMA, WA 98909-0073
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2019
—
Buddy Q LLC
Jsg Rental LLC
Grant Deed
—
Jul 26, 2013
$1,275,000
Buddy Q LLC
Jsg Rental LLC
Dual Purpose Document
$1,020,000 · Jsg Rental LLC
Nov 17, 2003
—
Jsg Rental LLC
Gano,judy S
Quit Claim Deed
related
$445,000 · Banner Bank
Nov 5, 2003
—
Jsg Rental LLC
Gano,judy S
Quit Claim Deed
related
—
Oct 30, 1997
—
Dale F Schmidt
Evergreen Financial
Grant Deed
related
—
Jan 5, 1996
$165,875
Evergreen Collection & Check
Craig Schultz Construction INC
Trustees Deed
$788,000 · Pioneer Bank
Jun 22, 1995
$150,000
Craig Schultz Construction Co
Higgins,fred & Anna L
Grant Deed
$135,000 · Seller
Aug 20, 1992
$62,700
Fred Higgins
Unknown
Grant Deed
—
—
—
Dale F Schmidt
—
Deed Of Trust
related
$771,477 · Pioneer Bank
—
—
Collection Evergreen
—
Deed Of Trust
related
$788,000 · Pioneer Bank
—
—
Collection Evergreen
—
Deed Of Trust
related
$200,000 · Pioneer Bank
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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