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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Office Spaces
206 1st Ave, Ellensburg, WA 98926-3002
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1687360
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Total area
3,950 SF
Lot
0.41 ac (17,990 SF)
Zoning code
ECC-II
APN
487133
UPID
US90-1687360
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
-
US Agricultural Department Government
-
Lisa Martin Physician Medical Clinic
-
Lisa Marie Godfrey Martin Physician Medical Clinic
-
NexTitle Title Company Escrow Service
-
Aging & Long Term Care - Southeast Washington Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.03M
Owner & transaction history
Tfc Ws1 LLC · 1 yrs held
Tfc Ws1 LLC
since 2024
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
ECC-II · Ellensburg, 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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
$1,030,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$980,000
Current use
RETAIL STORES
$880,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.03M (Oct 21 2024)
Last sale anchor
$1.03M
Oct 21 2024
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
$261 / 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
Property tax & assessments
Assessed value
$638,110
Assessed 2024
Previous assessed
$610,610
+4.5% YoY
Assessed land
$270,000
Assessed improvement
$368,110
Land market value
$270,000
Improvement market value
$368,110
Total market value
$638,110
Applied tax rate
18.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1977
Heating
HEAT PUMP
Stories
1
Total area
3,950 SF
Lot
0.41 ac (17,990 SF)
Zoning code
ECC-II
APN
487133
UPID
US90-1687360
Jurisdiction
KITTITAS
Zoning & alternative use
ECC-II · Ellensburg, WA
Zoning ECC-II · permitted uses
ECC-II · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$980,000
RETAIL STORES
Est. value
$880,000
COMMERCIAL (GENERAL) Current
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
1977
Heating
HEAT PUMP
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Tfc Ws1 LLC
Entity
Mailing address
ELLENSBURG, WA 98926
Ownership since
2024
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
Oct 21, 2024
$1,127,864
Tfc Ws1 LLC
Ctr Water Street LLC
Warranty Deed
$779,000 · Ctr Water Street LLC
Apr 28, 2023
—
Ctr Water Street LLC
Craig Ronning
Quit Claim Deed
related
—
Jul 2, 2021
$580,500
Craig Ronning
Wayne M Smith
Warranty Deed
—
—
—
Wayne M Smith
—
Deed Of Trust
related
$210,100 · First Horizon Bank
—
—
Wayne M Smith
—
Deed Of Trust
related
$225,000 · Bank Of The West
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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