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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Retail space
2201 Nob Hl Blvd Yakima, WA 98902-5283
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-3273572
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,545 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B2
APN
181326-13076
UPID
US90-3273572
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
-
SalonCentric (Bike/Boat/Book/etc) Store Cosmetic Store
-
K Massage Alternative Medicine Practice Spa & Massage Center
-
K Oriental Massage Alternative Medicine Practice Spa & Massage Center
-
True Built Home - Yakima Branch Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$915k
Owner & transaction history
Blue Nova LLC · 2 yrs held
Blue Nova LLC
since 2023
Last sale
$920,000
4 recorded transactions
Zoning & alternative use
B2 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.1M
+33.5%
Office building
$875,000
+9.3%
Auto repair, garage
$835,000
+4.3%
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
$905,000
ML approach
$970,000
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
INDUSTRIAL (GENERAL)
$1,065,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$835,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$750,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $920k (Aug 25 2023)
Last sale anchor
$920k
Aug 25 2023
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
$140 / 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
$7,339
Tax year 2024
Assessed value
$826,250
Assessed 2024
Previous assessed
$753,500
+9.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$198,450
Assessed improvement
$627,800
Land market value
$198,450
Improvement market value
$627,800
Total market value
$826,250
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,545 SF
Lot
0.56 ac (24,394 SF)
Zoning code
B2
APN
181326-13076
UPID
US90-3273572
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Yakima, WA
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$800,000
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$835,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Blue Nova LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1337 E 750TH N, OREM, UT 84097-5480
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2024
—
Blue Nova LLC
—
Deed
related
$60,000 · Us Bank NA
Aug 25, 2023
—
Blue Nova LLC
Blue Nova LLC
Intrafamily Transfer
related
—
May 7, 2019
$920,000
Blue Nova LLC
Martin Rutledge Yakima 1 LLC
Warranty Deed
$736,000 · Banner Bank
Sep 15, 2000
$185,000
Nob Hill & 22nd LLC
Slagle,ronald L
Grant Deed
$665,000 · Us Bank NA
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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