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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Auto shops
1605 Mead Ave Yakima, WA 98903-3918
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1168500
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Construction
METAL FRAME
Total area
20,322 SF
Lot
4.09 ac (178,160 SF)
Zoning code
M1
APN
191329-34515
UPID
US90-1168500
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
-
BLUELINE EQUIPMENT CO. Agricultural Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.64M
Owner & transaction history
G A Marrs Properties LLC · 10 yrs held
G A Marrs Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
M1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+52.1%
Office building
$3.8M
+46.5%
Industrial (general)
$3.3M
+28.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,585,000
Current use
MEDICAL BUILDING
$3,935,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$3,785,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,310,000
Change: +28% · Conversion: Easy
RETAIL STORES
$2,760,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±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
$130 / 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
$24,467
Tax year 2024
Assessed value
$2,818,800
Assessed 2024
Previous assessed
$2,589,500
+8.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$712,800
Assessed improvement
$2,106,000
Land market value
$712,800
Improvement market value
$2,106,000
Total market value
$2,818,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
20,322 SF
Lot
4.09 ac (178,160 SF)
Zoning code
M1
APN
191329-34515
UPID
US90-1168500
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WAZoning M1 · permitted uses
M1 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2001
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
G A Marrs Properties LLC
Entity
Mailing address
PO BOX 1108, MOXEE, WA 98936-1108
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
—
G A Marrs Properties LLC
—
Deed
related
$750,000 · Banner Bk
Aug 10, 2016
—
G A Marrs Properties LLC
—
Trustees Deed
related
$750,000 · Banner Bk
Jan 29, 2016
$925,000
G A Marrs Properties LLC
Mead East 1605 LLC
Dual Purpose Document
related
$775,000 · Mead East 1605 LLC
Sep 4, 2002
—
Yakima City (wa)
Mead East 1605 LLC
Quit Claim Deed
related
—
—
—
G A Marrs Properties LLC
—
Loan Modification
related
$750,000 · Banner Bk
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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