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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Office buildings
1430 16th Ave, Yakima, WA 98902-1381
Entity Owned
~
Est. High Equity
Property ID
US90-1239515
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
8,008 SF
Lot
0.71 ac (30,928 SF)
Zoning code
M1
APN
181314-11424
UPID
US90-1239515
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
-
Tree Connection Big Box & Wholesale Store
-
Academic Integrations, LLC Corporate Office
-
Connetix Engineering, Inc. Electrical Engineer Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.43M
Owner & transaction history
Sure Investments LLC
Sure Investments LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
M1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+120.9%
Industrial (general)
$1.3M
+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%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,070,000
Current use
COMMERCIAL (GENERAL)
$2,360,000
Change: +121% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,305,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$975,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$915,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.55M (Jun 30 2025)
Last sale anchor
$1.55M
Jun 30 2025
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
$178 / 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
$9,937
Tax year 2024
Assessed value
$1,126,000
Assessed 2024
Previous assessed
$1,130,700
-0.4% YoY
Effective rate
0.88%
On assessed value
Assessed land
$186,600
Assessed improvement
$939,400
Land market value
$186,600
Improvement market value
$939,400
Total market value
$1,126,000
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
1978
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
8,008 SF
Lot
0.71 ac (30,928 SF)
Zoning code
M1
APN
181314-11424
UPID
US90-1239515
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WA
Zoning M1 · permitted uses
M1 · 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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$975,000
MEDICAL BUILDING
Est. value
$915,000
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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Sure Investments LLC
Entity
Mailing address
1430 N 16TH AVE, YAKIMA, WA 98902-1381
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
$1,550,000
Sure Investments LLC
Lake Aspen Investors LLC
Warranty Deed
$50,000 · Lake Aspen Investors LLC
Feb 6, 2019
$1,250,000
Lake Aspen Investors LLC
Lukehart & Lukehart LLC
Warranty Deed
$500,000 · Lukehart & Lukehart LLC
Sep 25, 2018
—
Lukehart & Lukegart LLC
—
Deed
related
$661,000 · Banner Bank
Feb 1, 2013
—
Lukehart & Lukehart LLC
Lukehart Roger A
Quit Claim Deed
related
—
—
—
Roger Lukehart
—
Deed Of Trust
related
$665,250 · Yakima Federal S&l Assn
—
—
Roger Lukehart
—
Deed Of Trust
related
$665,250 · Yakima Federal S&l Assn
—
—
Lukehart,roger A & Eva
—
Deed Of Trust
related
$700,000 · Columbia Tr Bk
—
—
Roger A Lukehart
—
Deed Of Trust
related
$750,000 · Bankers Ln Processing
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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