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Property profile & analytics
OFF-MARKET
Estimated value
$175,000
Bars & Pubs
226 2nd NW Ave Ephrata, WA 98823-1675
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1117895
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1939
Total area
1,729 SF
Lot
0.04 ac (1,875 SF)
APN
130286000
UPID
US90-1117895
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
-
Bank Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$170k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$175k
Owner & transaction history
Two Old Guys LLC · 6 yrs held
Two Old Guys LLC
since 2020
Last sale
$150,000
5 recorded transactions
Zoning & alternative use
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 Ephrata submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ephrata 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
$175,000
ML approach
$170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$175k
Range $158k – $193k · ±10% · vs last sale $150k (May 1 2020)
Last sale anchor
$150k
May 1 2020
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
$101 / 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
$96,431
Assessed 2023
Previous assessed
$97,335
-0.9% YoY
Assessed land
$7,500
Assessed improvement
$88,931
Land market value
$7,500
Improvement market value
$88,931
Total market value
$96,431
Applied tax rate
165.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1939
Heating
NONE
Buildings
2
Total area
1,729 SF
Lot
0.04 ac (1,875 SF)
APN
130286000
UPID
US90-1117895
Jurisdiction
GRANT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Buildings
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Two Old Guys LLC
Entity
Mailing address
1242 ELLIS ST, BELLINGHAM, WA 98225-5205
Ownership since
2020
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
Sep 1, 2022
—
Two Old Guys LLC
—
Deed
related
$100,000 · First Interstate Bank
May 1, 2020
$150,000
Two Old Guys LLC
Patrick Casey
Warranty Deed
$50,000 · Patrick & Donald K Casey
Feb 1, 2019
—
Donald J Casey
—
Deed
related
$99,030 · Banner Bank
Jul 7, 2004
$50,000
Robert G Stclair
Cs Corp
Warranty Deed
—
—
—
Donald K Casey
—
Deed Of Trust
related
$160,000 · American West Bank
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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