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Property profile & analytics
OFF-MARKET
Estimated value
$6,795,000
Retail space
2204 Nob Hl Blvd Yakima, WA 98902-6200
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0100564
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,274 SF
Lot
1.69 ac (73,616 SF)
Zoning code
BCOM
APN
181326-42055
UPID
US90-0100564
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
-
Tonys Big Cheese Pizza Restaurant
-
Fantastic Sams Hair Salon Nail Salon
-
U.S. Bank ATM Atm
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.31M
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$6.80M
Owner & transaction history
Standard Insurance Company · 2 yrs held
Standard Insurance Company
since 2024
6 recorded transactions
Zoning & alternative use
BCOM · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.7M
+33.5%
Office building
$7.1M
+9.3%
Auto repair, garage
$6.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,005,000
6.5%
$8,310,000
7%
$7,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,500,000
Current use
INDUSTRIAL (GENERAL)
$8,675,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$7,110,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,780,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$6,095,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$6.80M
Range $6.12M – $7.47M · ±10%
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
$128 / 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
$40,544
Tax year 2024
Assessed value
$4,613,200
Assessed 2024
Previous assessed
$4,613,200
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$594,700
Assessed improvement
$4,018,500
Land market value
$594,700
Improvement market value
$4,018,500
Total market value
$4,613,200
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
53,274 SF
Lot
1.69 ac (73,616 SF)
Zoning code
BCOM
APN
181326-42055
UPID
US90-0100564
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Yakima, WA
Zoning BCOM · permitted uses
BCOM · 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
$6.5M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.1M
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Standard Insurance Company
Entity
Mailing address
10265 NE TANASBOURNE DR, HILLSBORO, OR 97124-7834
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Standard Insurance Company
Argo Yakima LLC
Assignment Of Lease (leasehold Sale)
$10,000,000 · Standard Insurance Co
Aug 15, 2013
$11,500,000
Argo Yakima LLC
Yakima Sc Associates LLC
Grant Deed
$8,950,000 · Mechanics Bank
Apr 24, 2013
—
Mark C Wolf
—
Deed Of Trust
related
$2,500,000 · Melissa Wolf
Jun 8, 2004
$9,047,500
Yakima Sc Associates LLC
Mercy Dev Co LLC
Warranty Deed
$7,650,000 · Evertrust Bk
Dec 7, 1999
—
Mercy Development Co LP
—
Grant Deed
related
$3,800,000 · Key Bank NA
Apr 29, 1998
—
Mercy Development Co LP
M & E Co
Quit Claim 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
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