New search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Drive through restaurants
2208 1st St, Union Gap, WA 98903-1623
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3311308
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,232 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GC
APN
191332-32421
UPID
US90-3311308
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$570k
Owner & transaction history
Legacies By Lee LLC · 4 yrs held
Legacies By Lee LLC
since 2021
7 recorded transactions
Zoning & alternative use
GC · Union Gap, 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 Union Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Gap 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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$176 / 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
$17,473
Tax year 2024
Assessed value
$2,061,650
Assessed 2024
Previous assessed
$2,047,350
+0.7% YoY
Effective rate
0.85%
On assessed value
Assessed land
$385,850
Assessed improvement
$1,675,800
Land market value
$385,850
Improvement market value
$1,675,800
Total market value
$2,061,650
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
3,232 SF
Lot
0.82 ac (35,719 SF)
Zoning code
GC
APN
191332-32421
UPID
US90-3311308
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Union Gap, WA
Zoning GC · permitted uses
GC · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Union Gap. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Legacies By Lee LLC
Entity
Mailing address
5526 LINCREST LN, HOUSTON, TX 77056-6808
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2021
—
Legacies By Lee LLC
Qsc Real Estate 2 LLC
Warranty Deed
—
Nov 21, 2018
$2,575,000
Legacies By Lee LLC
Qsc Real Estate 2 LLC
Warranty Deed
$1,046,000 · Bank Of The Ozarks
May 27, 2016
—
Qsc Real Estate 2 LLC
—
Deed
related
$5,800,000 · City National Bank
Nov 24, 2014
$1,900,000
Qsc Real Estate 2 LLC
Pacific Development Holdings LLC
Warranty Deed
$2,875,000 · T Bank National Association
May 29, 2012
—
Pacific Dev Holdings LLC
Wilsonville Devco LLC
Warranty Deed
—
May 21, 2012
$1,225,000
Wilsonville Devco LLC
Bzb Multi-state LLC
Warranty Deed
—
Jun 8, 2007
$600,000
Bzb Multi-state LLC
Saunders,frederick D & Bette F
Warranty Deed
—
Oct 17, 2001
$373,541
Frederick D Saunders
Yakima Associates
Grant Deed
$200,000 · Western Fsb
—
—
Wilsonville Devco LLC
—
Deed Of Trust
related
$1,116,188 · Thomas M Maletis
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2208 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
