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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Hotels
1507 1st St Yakima, WA 98901-1726
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1418181
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1978
Construction
WOOD
Total area
32,936 SF
Lot
1.86 ac (81,022 SF)
Zoning code
GC
APN
181313-11495
UPID
US90-1418181
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
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$690k
Owner & transaction history
Rp2 Commercial LLC · 1 yrs held
Rp2 Commercial LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$21 / 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
$10,059
Tax year 2024
Assessed value
$1,006,100
Assessed 2024
Previous assessed
$1,006,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$382,800
Assessed improvement
$623,300
Land market value
$382,800
Improvement market value
$623,300
Total market value
$1,006,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Cooling
YES
Stories
2
Total area
32,936 SF
Lot
1.86 ac (81,022 SF)
Zoning code
GC
APN
181313-11495
UPID
US90-1418181
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WAZoning GC · permitted uses
GC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
Rp2 Commercial LLC
Entity
Mailing address
300 N FRONTAGE RD, WAPATO, WA 98951-1178
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2025
$725,000
Rp2 Commercial LLC
Cesar Ramos
Warranty Deed
$580,000 · Gesa Cu
Oct 7, 2021
—
First Street Investments LLC
—
Deed
related
$2,373,899 · Farm Bureau Bank Fsb
Apr 10, 2019
—
First Street Investments LLC
First Street Holdings LLC
Quit Claim Deed
—
Mar 28, 2019
—
First Street Investments LLC
—
Grant Deed
related
$2,300,000 · Wells Fargo Bk
May 11, 2018
$4,000,100
First Street Investments LLC
First Street Holdings LLC
Grant Deed
—
May 11, 2018
$4,000,000
First Street Investments LLC
First Street Holdings LLC
Grant Deed
—
Dec 29, 2017
$3,519,220
First Street Holdings LLC
Rmh10 LLC
Warranty Deed
—
May 6, 2016
$1,982,926
Rmh 10 LLC
New Leaf Yakima LLC
Grant Deed
related
—
Dec 21, 2015
$1,982,926
Rhm10 LLC
New Leaf Yakima LLC
Warranty Deed
—
Nov 5, 2013
$1,500,000
New Leaf Yakima LLC
1507 N 1st Street LLC
Grant Deed
—
Nov 1, 2012
—
1507 N 1st Street LLC
Wells Fargo Bk NA
Grant Deed
—
Oct 3, 2012
$2,000,000
Wells Fargo Bank NA 2007-2
Karen L Gibbon Ps
Trustees Deed
related
—
May 4, 2007
—
Bmn Investments LLC
Nasre,nabil
Grant Deed
$4,690,000 · * Other Institutional Lenders
Jun 16, 2005
$3,622,000
Nabil Nasre
Boykin Washington I LLC
Grant Deed
—
Jun 16, 2005
—
Nabil Nasre
Nasre,suzan
Quit Claim Deed
related
—
Jul 15, 2003
—
Boykin Washington I LLC
Red Lion Inns Operating LP
Grant Deed
related
—
May 28, 1998
—
Lion Inns Operation LP Red
—
Deed Of Trust
related
$130,000,000 · Lehman Capital Corp
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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