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Property profile & analytics
OFF-MARKET
Estimated value
$3,360,000
Turn key restaurants
1401 Lakeside Ct, Yakima, WA 98902-7354
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1848244
Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 1401 Lakeside Ct, Yakima, WA 98902, at the entrance to Lakeside Court, a prominent professional park in West Yakima. The 4,549 square foot building sits on a 0.6-acre lot and benefits from excellent visibility and freeway access via the nearby N 40th Ave corridor. This location is ideally positioned to serve the underserved West Yakima market. The property is zoned SCC and has an APN of 181315-12406. The building is a single-tenant space and is currently vacant. All remaining furniture, fixtures, kitchen equipment, and a double walk-in cooler left behind by the previous tenant, Shari's Restaurant, are included in the lease
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Construction
WOOD
Total area
4,549 SF
Lot
0.6 ac (26,136 SF)
Zoning code
SCC
APN
181315-12406
UPID
US90-1848244
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
-
Shari's Cafe and Pies Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.36M
Owner & transaction history
The Lathrop And Dorothy Hoffman Tru · 4 yrs held
The Lathrop And Dorothy Hoffman Tru
since 2022
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
SCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,300,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.36M
Range $3.02M – $3.70M · ±10% · vs last sale $3.36M (Apr 5 2022)
Last sale anchor
$3.36M
Apr 5 2022
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
$739 / 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
$15,435
Tax year 2024
Assessed value
$1,777,750
Assessed 2024
Previous assessed
$1,777,750
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$300,050
Assessed improvement
$1,477,700
Land market value
$300,050
Improvement market value
$1,477,700
Total market value
$1,777,750
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
4,549 SF
Lot
0.6 ac (26,136 SF)
Zoning code
SCC
APN
181315-12406
UPID
US90-1848244
Jurisdiction
YAKIMA
Zoning & alternative use
SCC · Yakima, WA
Zoning SCC · permitted uses
SCC · 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.
Building & site characteristics
From public records
Year built
2001
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
The Lathrop And Dorothy Hoffman Tru
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 60, MONROVIA, CA 91017-0060
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$3,618,461
The Lathrop And Dorothy Hoffman Tru
Lk Partners LP
Special Warranty Deed
—
Sep 30, 2019
$1,135,204
Lk Partners LP
Triple C Realty LLC
Grant Deed
—
Mar 11, 2005
$2,140,000
Triple C Of Texas
Abrams,myron R
Grant Deed
—
—
—
Triple C Of Texas
—
Deed Of Trust
related
$1,500,000 · Symetra Life Insurance Co
—
—
Triple C Of Texas
—
Deed Of Trust
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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