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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Mobile home & RV parks
1507 Fair Ave, Yakima, WA 98901-3881
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0682361
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1950
Total area
2,552 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
191329-32445
UPID
US90-0682361
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
-
Don Marcos Buffet Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Ycmhcs LLC · 4 yrs held
Ycmhcs LLC
since 2022
Last sale
$835,425
7 recorded transactions
Zoning & alternative use
R2 · 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
$985,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MOBILE HOME PARK, TRAILER PARK
$820,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $835k (May 5 2022)
Last sale anchor
$835k
May 5 2022
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
$357 / 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
$7,929
Tax year 2024
Assessed value
$876,600
Assessed 2024
Previous assessed
$875,000
+0.2% YoY
Effective rate
0.90%
On assessed value
Assessed land
$38,300
Assessed improvement
$838,300
Land market value
$38,300
Improvement market value
$838,300
Total market value
$876,600
Applied tax rate
334.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1950
Heating
BASEBOARD
Cooling
NONE
Buildings
3
Stories
2
Rooms
9
Bathrooms
4
Total area
2,552 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R2
APN
191329-32445
UPID
US90-0682361
Jurisdiction
YAKIMA
Zoning & alternative use
R2 · Yakima, WA
Zoning R2 · permitted uses
R2 · 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
MOBILE HOME PARK, TRAILER PARK Current
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$710,000
MOBILE HOME PARK, TRAILER PARK Current
COMMERCIAL (GENERAL)
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
1950
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
3
Rooms
9
Bathrooms
4
Lot
1.8 ac
Current owner
From public records · entity-resolved
Ycmhcs LLC
Entity
Mailing address
PO BOX 8066, YAKIMA, WA 98908-0066
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2022
—
Ycmhcs LLC
Crmhc LLC
Quit Claim Deed
related
$5,000,000 · Lmf Commercial LLC
Dec 23, 2020
—
Ppmhc LLC
—
Deed
related
$1,329,000 · Numerica Cu
Apr 24, 2020
—
Ppmhc LLC
—
Deed
related
$316,000 · Numerica Cu
Dec 20, 2017
$835,425
Ppmhc LLC
Wilkerson,dennis L
Warranty Deed
—
Dec 12, 2017
—
Ppmhc LLC
—
Deed
related
$850,000 · Numerica Cu
Apr 26, 2013
$700,000
Ppmhc LLC
Wilkerson,dennis L
Dual Purpose Document
$600,000 · Dennis L Wilkerson
Apr 26, 2013
—
Dennis L Wilkerson
Wilkerson Dennis Trust
Quit Claim Deed
related
—
Mar 26, 2013
—
Dennis L Wilkerson
Sproch-wilkerson,diane L
Quit Claim Deed
related
—
Dec 5, 2006
—
Wilkerson Dennis Family Trust
Wilkerson,dennis
Quit Claim Deed
related
—
May 21, 2004
$407,000
Wilkerson,dennis
Pacific Coast Investment
Warranty Deed
—
Feb 4, 2004
$417,765
Pacific Coast Investment Co
Reed Longyear Malnati & Ahrens
Trustees Deed
—
—
—
Jerry Nicholls
—
Deed Of Trust
related
$410,000 · Pacific Coast Investment Co
—
—
Ppmhc LLC
—
Deed Of Trust
related
$316,000 · Numerica Cu
—
—
Ppmhc LLC
—
Deed Of Trust
related
$850,000 · Numerica Cu
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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