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Property profile & analytics
OFF-MARKET
Turn key restaurants
1505 Washington Ave, Union Gap, WA 98903-1634
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1577908
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Construction
WOOD
Total area
5,308 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C2
APN
191332-24412
UPID
US90-1577908
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cole Ap Portfolio II LLC · 19 yrs held
Cole Ap Portfolio II LLC
since 2007
6 recorded transactions
Zoning & alternative use
C2 · Union Gap, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,125
Tax year 2024
Assessed value
$1,204,550
Assessed 2024
Previous assessed
$1,172,400
+2.7% YoY
Effective rate
0.84%
On assessed value
Assessed land
$139,350
Assessed improvement
$1,065,200
Land market value
$139,350
Improvement market value
$1,065,200
Total market value
$1,204,550
Applied tax rate
330.0000
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
2004
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
5,308 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C2
APN
191332-24412
UPID
US90-1577908
Jurisdiction
YAKIMA
Zoning & alternative use
C2 · Union Gap, WA
Zoning C2 · permitted uses
C2 · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union Gap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Cole Ap Portfolio II LLC
Entity
Mailing address
6200 OAK TREE BLVD STE #250, INDEPENDENCE, OH 44131-6943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jun 30, 2014
—
Apple Colorado LLC
—
Loan Modification
related
$622,000,000 · Bank Of America
Jan 8, 2013
—
Apple Colorado LLC
—
Deed Of Trust
related
$488,386,996 · Bank Of America
May 3, 2007
$2,603,837
Cole Ap Portfolio II LLC
Rci Realty LLC
Special Warranty Deed
$13,237,086 · Bear Stearns Commercial Mortgage In
Sep 14, 2004
$500,000
Rci Realty LLC
D Group INC
Grant Deed
$7,500,000 · Citicorp Leasing INC
Jul 19, 2004
—
D Group INC
Delmar Realty Investors INC
Warranty Deed
related
—
—
—
Rci Realty LLC
—
Deed Of Trust
related
$1,344,000 · Citicorp Leasing INC
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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