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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Distribution properties
205 40th Ave Yakima, WA 98908-2949
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2162825
Property profile
Verified
Property type
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Year built
1986
Lot
0.41 ac (17,860 SF)
Zoning code
SCC
APN
181322-13465
UPID
US90-2162825
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
-
Thompson Tamara ARNP Physician
-
Robert M. Newell, Ph.D. Physician Medical Clinic
-
Kimel Law Offices Law Firm Financial Advisor
-
Robert G Velikanje Law Office Law Firm
-
The Middle Way Counseling Clinic Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
Westpark East LLC · 4 yrs held
Westpark East LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
SCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the small convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet community retail shopping and service needs.
Zone name
Small Convenience Center District
General category
COMMERCIAL
Zone area
309.25 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
$2,715,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10% · vs last sale $2.30M (Jul 28 2022)
Last sale anchor
$2.30M
Jul 28 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
—
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
$2,479
Tax year 2024
Assessed value
$258,500
Assessed 2024
Previous assessed
$194,900
+32.6% YoY
Effective rate
0.96%
On assessed value
Assessed land
$241,100
Assessed improvement
$17,400
Land market value
$241,100
Improvement market value
$17,400
Total market value
$258,500
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
Distribution properties
Use group
COM AUTO TRANS/STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Lot
0.41 ac (17,860 SF)
Zoning code
SCC
APN
181322-13465
UPID
US90-2162825
Jurisdiction
YAKIMA
Zoning & alternative use
SCC · Yakima, WAZoning SCC · permitted uses
SCC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the small convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet community retail shopping and service needs.
Zone name
Small Convenience Center District
General category
COMMERCIAL
Zone area
309.25 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Westpark East LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4804 SUMMITVIEW AVE, YAKIMA, WA 98908-2850
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$2,300,000
Westpark East LLC
Yakima Damazo Group 2 LLC
Warranty Deed
—
Jul 26, 2018
—
Yakima Damazo Group 2 LLC
Damazo,raymond S
Quit Claim Deed
related
—
Jun 28, 2018
—
Raymond S Damazo
Damazo Family LLC
Quit Claim Deed
related
—
Jun 9, 2004
—
Damazo Family LLC
Damazo,raymond S
Quit Claim Deed
related
—
Feb 17, 2004
—
Damazo,raymond S
Damazo,gail
Quit Claim Deed
related
—
Feb 17, 2004
$2,200,000
Damazo,raymond S
Abrams Family Investment LLC
Warranty Deed
—
Jan 2, 1997
—
Abrams Family Investments LLC
Abrams,myron R
Quit Claim Deed
related
—
—
—
Myron R Abrams
—
Deed Of Trust
related
$1,200,000 · Yakima Federal S&l Assn
—
—
Myron R Abrams
—
Deed Of Trust
related
$200,000 · Individual
—
—
Abrams Family Investments LLC
—
Deed Of Trust
related
$750,000 · American West Bank
—
—
Abrams Family Investments LLC
—
Deed Of Trust
related
$150,000 · M R Abrams Construction INC
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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