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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Motels
1405 1st St, Yakima, WA 98901-1703
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-3160814
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1972
Construction
WOOD
Total area
20,880 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GC
APN
181313-11451
UPID
US90-3160814
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
-
Super 8 by Wyndham Yakima Hotel & Motel
-
Economy Inn Hotel & Motel
-
Red Lion Inn & Suites Yakima Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$620k
Owner & transaction history
Fortune Investors LLC · 8 yrs held
Fortune Investors LLC
since 2017
7 recorded transactions
Zoning & alternative use
GC · 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
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$30 / 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
$9,870
Tax year 2024
Assessed value
$1,123,600
Assessed 2024
Previous assessed
$1,123,600
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$104,500
Assessed improvement
$1,019,100
Land market value
$104,500
Improvement market value
$1,019,100
Total market value
$1,123,600
Applied tax rate
333.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
2
Total area
20,880 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GC
APN
181313-11451
UPID
US90-3160814
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WA
Zoning GC · permitted uses
GC · 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
1972
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Fortune Investors LLC
Entity
Mailing address
16632 SE 262ND PL, COVINGTON, WA 98042-5832
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2017
$1,250,000
Fortune Investors LLC
Gp Hospitality LLC
Warranty Deed
$1,040,000 · Bank Of George
Mar 30, 2009
$1,327,500
Gp Hospitality LLC
Saj Investments LLC
Warranty Deed
$900,000 · Saehan Bank
Oct 3, 2005
$1,050,000
Saj Investments LLC
Youn,henry H & Chung L
Warranty Deed
$1,144,458 · City Bank
Apr 30, 2004
$550,000
Youn,henry H & Chung L
Park,bob R & Maria
Trustees Deed
$1,007,530 · City Bk
Jun 11, 2002
$550,000
Bob R Park
Lodging Hospitality Assn LLC
Grant Deed
$815,098 · City Bank
Jun 11, 2002
$160,000
Bob R Park
Whalen,patrick
Grant Deed
—
—
—
Bob R Park
—
Deed Of Trust
related
$172,912 · City 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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