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Property profile & analytics
OFF-MARKET
Estimated value
$290,000
Retail space
15 1st St Selah, WA 98942-1362
Individually Owned
9-yr Hold
Free & Clear
Property ID
US90-1714448
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,441 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BCOM
APN
181436-32408
UPID
US90-1714448
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
$638k
Blend (final)
Blend
$290k
Owner & transaction history
Roger L Urbaniak · 9 yrs held
Roger L Urbaniak
since 2016
7 recorded transactions
Zoning & alternative use
BCOM · Selah, WA
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 Selah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selah 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
RETAIL STORES
$1,070,000
Current use
Blend value · Realmo final
$290k
Range $261k – $319k · ±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
$34 / 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
$4,251
Tax year 2024
Assessed value
$489,350
Assessed 2024
Previous assessed
$417,800
+17.1% YoY
Effective rate
0.87%
On assessed value
Assessed land
$61,050
Assessed improvement
$428,300
Land market value
$61,050
Improvement market value
$428,300
Total market value
$489,350
Applied tax rate
400.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Stories
2
Total area
8,441 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BCOM
APN
181436-32408
UPID
US90-1714448
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Selah, WAZoning BCOM · permitted uses
BCOM · Selah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | Selah, WA
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
RETAIL STORES Current
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Roger L Urbaniak
Individual
Free & Clear · 9 yrs held
Mailing address
4112 78TH AVE SE, MERCER ISLAND, WA 98040-3923
Ownership since
2016
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 8, 2016
—
Roger L Urbaniak
15 N 1st St LLC
Quit Claim Deed
related
—
Aug 16, 2006
—
15 N 1st Street LLC
Urbaniak,roger
Quit Claim Deed
related
—
Sep 8, 2005
$260,000
Roger L Urbaniak
Equity Trust
Warranty Deed
—
Sep 8, 2005
—
Roger L Urbaniak
Urbaniak,linda
Quit Claim Deed
related
—
—
—
Sherry A Wilson
—
Deed Of Trust
related
$217,800 · Westar Financial INC
—
—
Sherry A Wilson
—
Deed Of Trust
related
$7,000 · Premium Finance Of Yakima
—
—
Sherry A Wilson
—
Deed Of Trust
related
$7,500 · Premium Finance Of Yakima
—
—
Sherry A Wilson
—
Deed Of Trust
related
$25,000 · Premium Finance Of Yakima
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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