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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Hotels
1215 Ahtanum Rdg Dr Union Gap, WA 98903-1813
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1817409
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Construction
WOOD
Total area
48,361 SF
Lot
1.75 ac (76,230 SF)
Zoning code
COM
APN
191206-31406
UPID
US90-1817409
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.81M
Blend (final)
Blend
$3.50M
Owner & transaction history
Union Gap Hospitality LLC · 9 yrs held
Union Gap Hospitality LLC
since 2017
6 recorded transactions
Zoning & alternative use
COM · Union Gap, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$5.0M
+67.7%
Retail stores
$4.3M
+42.4%
Industrial (general)
$3.1M
+2.4%
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 Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,995,000
Current use
AUTO REPAIR, GARAGE
$5,020,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$4,265,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,065,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±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
$72 / 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
$44,320
Tax year 2024
Assessed value
$6,454,300
Assessed 2024
Previous assessed
$6,454,300
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$456,700
Assessed improvement
$5,997,600
Land market value
$456,700
Improvement market value
$5,997,600
Total market value
$6,454,300
Applied tax rate
300.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Total area
48,361 SF
Lot
1.75 ac (76,230 SF)
Zoning code
COM
APN
191206-31406
UPID
US90-1817409
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Union Gap, WAZoning COM · permitted uses
COM · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES
Est. value
$4.3M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Lot
1.75 ac
Current owner
From public records · entity-resolved
Union Gap Hospitality LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1232 COLUMBIA PARK TRL, RICHLAND, WA 99352-4760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2025
—
Union Gap Hospitality LLC
—
Deed
related
$5,000,000 · Banner Bank
Aug 31, 2018
—
Union Gap Hospitality LLC
—
Deed
related
$6,720,000 · Gesa Cu
Nov 14, 2017
—
Union Gap Hospitality LLC
—
Trustees Deed
related
$6,720,000 · Gesa FCU
Feb 28, 2017
$717,980
Union Gap Hospitality LLC
Ahtanum Holdings LLC
Warranty Deed
—
Nov 14, 2016
—
Ahtanum Holdingse LLC
Bk Gator LLC
Quit Claim Deed
related
—
Sep 28, 2007
$1,541,816
B K Gator LLC
Ahtanum Ridge Business Park LLC
Warranty Deed
$500,000 · Us Bank NA
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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