Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,360,000
Motels
1614 1st St Yakima, WA 98901-1729
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3253389
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
WOOD
Total area
46,008 SF
Lot
0.58 ac (25,265 SF)
Zoning code
GC
APN
181312-44406
UPID
US90-3253389
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
-
wilco Building Supply Hardware & Home Improvement
-
Best Western Plus Yakima Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.66M
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.36M
Owner & transaction history
Bap Lodging LLC · 3 yrs held
Bap Lodging LLC
since 2022
Last sale
$7.2M
5 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
Top alternative use upside
Restaurant
$5.7M
+99.8%
Medical building
$5.7M
+97.9%
Office building
$5.1M
+78.4%
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
$8,460,000
ML approach
$8,660,000
CAP Approach
CAP Return
Estimation
6%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
RESTAURANT
$5,705,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$5,650,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$5,095,000
Change: +78% · Conversion: Difficult
Blend value · Realmo final
$7.36M
Range $6.62M – $8.10M · ±10% · vs last sale $7.17M (Aug 11 2022)
Last sale anchor
$7.17M
Aug 11 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
$160 / 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
$55,617
Tax year 2024
Assessed value
$6,523,400
Assessed 2024
Previous assessed
$6,523,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$203,700
Assessed improvement
$6,319,700
Land market value
$203,700
Improvement market value
$6,319,700
Total market value
$6,523,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
YES
Cooling
YES
Stories
3
Total area
46,008 SF
Lot
0.58 ac (25,265 SF)
Zoning code
GC
APN
181312-44406
UPID
US90-3253389
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.1M
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1996
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Bap Lodging LLC
Entity
Mailing address
179 HERITAGE LN, LYNDEN, WA 98264-9237
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$7,171,000
Bap Lodging LLC
Nw Yakima LLC
Warranty Deed
$5,110,000 · Sound Community Bank
Dec 29, 2006
—
Nw Yakima LLC
Nw Hotels LLC
Grant Deed
$3,960,000 · Charter Facilities Funding IV
Dec 29, 2006
$4,638,800
Nw Yakima LLC
Santillanes,rita
Warranty Deed
—
Oct 30, 2006
—
Rita Santillanes
Rjmm LLC
Warranty Deed
—
Oct 4, 2002
—
John Sentillances
Kalberer,tr
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1614 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
