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Property profile & analytics
OFF-MARKET
Sports & entertainment properties

231 Pence Rd Yakima, WA 98908-2257

280 SF 1.48 ac lot Built 1997
Entity Owned 36-yr Hold Free & Clear
Property ID
US90-1437428
Property summary
AI-generated overview

Sun Tides Golf Course & RV Park in Yakima, WA, presents a unique investment opportunity. This established recreational property boasts a thriving 18-hole golf course averaging 36,000 rounds annually, attracting a significant and loyal clientele. The accompanying 60-site RV park offers full hookups, accommodating both short-term and long-term guests, contributing to a diverse revenue stream. Adding to the profitability, the property includes a well-established restaurant and bar, complete with a liquor and gambling license, further enhancing its appeal and income potential. All ground maintenance equipment is included, simplifying operations and minimizing upfront investment. A significant advantage is the inclusion of senior water rights for 628 acre-feet, ensuring consistent irrigation and the maintenance of lush, green conditions for the golf course and RV park. This turnkey operation offers established revenue streams and a readily available customer base, making it an attractive proposition for investors seeking a profitable and established recreational business. The property is listed at $15,000,000. The sale includes all existing equipment and licenses. This is a rare opportunity to acquire a well-established and profitable recreational complex in a desirable location.

Property profile
Verified
Property type Sports & entertainment properties
Use group RECREATIONAL, ENTERTAINMENT
Year built 1997
Total area 280 SF
Lot 1.48 ac (64,469 SF)
Zoning code RT
APN 181304-33002
UPID US90-1437428
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
  • Suntides Restaurant & Lounge Restaurant
  • Suntides Golf Course Golf Course
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
Sun Tides INC · 36 yrs held
Sun Tides INC
since 1990
1 recorded transaction
1990
$13,650
Zoning & alternative use
RT · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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