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Property profile & analytics
OFF-MARKET
Office buildings
217 12th Ave, Yakima, WA 98902-3110
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3250958
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
WOOD
Total area
1,050 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B1
APN
181324-34036
UPID
US90-3250958
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
-
Buffalo Federal Savings Bank Bank Loan Service
-
Skeelbeauty Hair Salon Nail Salon
-
SIOBEAUTÈ Hair Salon Nail Salon
-
Siobeauty (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Antonio E Serrano · 1 yrs held
Antonio E Serrano
since 2025
Last sale
$81,000
5 recorded transactions
Zoning & alternative use
B1 · Yakima, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$723
Tax year 2024
Assessed value
$73,700
Assessed 2024
Previous assessed
$71,600
+2.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$24,600
Assessed improvement
$49,100
Land market value
$24,600
Improvement market value
$49,100
Total market value
$73,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
1,050 SF
Lot
0.11 ac (4,792 SF)
Zoning code
B1
APN
181324-34036
UPID
US90-3250958
Jurisdiction
YAKIMA
Zoning & alternative use
B1 · Yakima, WA
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Antonio E Serrano
Individual
Mailing address
622 COUNTRY CLB DR, YAKIMA, WA 98901-1549
Ownership since
2025
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 20, 2025
$81,000
Antonio E Serrano
David C Lewis
Deed
$61,000 · David C Lewis Etux
May 25, 2006
—
David C Lewis
Vestad & Lewis LLC
Quit Claim Deed
related
—
May 25, 2006
$137,245
David C Lewis
Vestad & Lewis LLC
Warranty Deed
related
—
May 29, 1998
$212,645
Vestad & Lewis LLC
Kurbitz,james & Penny
Grant Deed
$156,000 · Yakima Federal S&l Assn
—
—
Vestad & Lewis LLC
—
Deed Of Trust
related
$42,500 · Individual
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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