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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Retail space
1513 Summitview Ave 1523 Yakima, WA 98902-2904
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1264816
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,912 SF
Lot
0.88 ac (38,333 SF)
Zoning code
B2
APN
181324-23554
UPID
US90-1264816
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
-
Farm Country Mercantile (Bike/Boat/Book/etc) Store
-
May's Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$2.80M
Comparable Approach
Comparable
$2.20M
Blend (final)
Blend
$2.55M
Owner & transaction history
St Charles Propserties LLC · 3 yrs held
St Charles Propserties LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
B2 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.9M
+33.5%
Office building
$2.4M
+9.3%
Auto repair, garage
$2.3M
+4.3%
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
$2,500,000
ML approach
$2,725,000
CAP Approach
CAP Return
Estimation
6%
$3,025,000
6.5%
$2,795,000
7%
$2,595,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,185,000
Current use
INDUSTRIAL (GENERAL)
$2,915,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$2,390,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,280,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$2,050,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.55M
Range $2.30M – $2.81M · ±10% · vs last sale $2.54M (Apr 20 2023)
Last sale anchor
$2.54M
Apr 20 2023
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
$142 / 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
$13,285
Tax year 2024
Assessed value
$1,475,000
Assessed 2024
Previous assessed
$1,229,900
+19.9% YoY
Effective rate
0.90%
On assessed value
Assessed land
$460,000
Assessed improvement
$1,015,000
Land market value
$460,000
Improvement market value
$1,015,000
Total market value
$1,475,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
17,912 SF
Lot
0.88 ac (38,333 SF)
Zoning code
B2
APN
181324-23554
UPID
US90-1264816
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Yakima, WA
Zoning B2 · permitted uses
B2 · 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
RETAIL STORES Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
St Charles Propserties LLC
Entity
Mailing address
7600 BOSTON HBR RD NE, OLYMPIA, WA 98506-9749
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
$2,537,577
St Charles Propserties LLC
Summit 16 LLC
Warranty Deed
$1,275,000 · Solarity Cu
Jun 3, 2016
—
Pieyak INC
—
Deed
related
$2,776,000 · Wells Fargo Bk
Jul 25, 2012
$1,665,000
Summit 16 LLC
Brian L Nordwall
Warranty Deed
$1,404,135 · Cashmere Valley Bank
Apr 15, 2005
—
Nordwall Trust 1
Nordwall,brian L
Quit Claim Deed
related
$1,100,000 · Yakima National Bank
Apr 19, 2001
$810,000
Brian L Nordwall
16th & Summitview Partnership
Grant Deed
$610,000 · 16th & Summitview Partnership
Jun 4, 1990
$400,950
16th,& Summitview Ptnship
Unknown
Grant Deed
—
—
—
16th NA
—
Deed Of Trust
related
$353,542 · Key Bank NA
—
—
Pieyak INC
—
Deed Of Trust
related
$2,776,000 · Wells Fargo Bk
—
—
B Nordwall
—
Deed Of Trust
related
$900,000 · Yakima National Bank
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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