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Property profile & analytics
OFF-MARKET
Estimated value
$7,625,000
Hotels
2420 Nob Hl Blvd Yakima, WA 98902-5103
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-2803384
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Construction
WOOD
Total area
71,728 SF
Lot
2.96 ac (128,938 SF)
Zoning code
LCC
APN
181326-31493
UPID
US90-2803384
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
-
Home2 Suites by Hilton Yakima Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.31M
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$7.63M
Owner & transaction history
Hogback Hotel Group Nw LLC · 8 yrs held
Hogback Hotel Group Nw LLC
since 2018
2 recorded transactions
Zoning & alternative use
LCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.1M
+104.1%
Auto repair, garage
$8.1M
+83.2%
Office building
$7.2M
+62.8%
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%
$8,995,000
6.5%
$8,305,000
7%
$7,710,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$9,060,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,135,000
Change: +83% · Conversion: Difficult
OFFICE BUILDING
$7,225,000
Change: +63% · Conversion: Difficult
RETAIL STORES
$6,590,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,740,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$7.63M
Range $6.86M – $8.39M · ±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
$106 / 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
$101,232
Tax year 2024
Assessed value
$11,755,600
Assessed 2024
Previous assessed
$11,755,600
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$773,600
Assessed improvement
$10,982,000
Land market value
$773,600
Improvement market value
$10,982,000
Total market value
$11,755,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
SPACE
Cooling
YES
Stories
4
Total area
71,728 SF
Lot
2.96 ac (128,938 SF)
Zoning code
LCC
APN
181326-31493
UPID
US90-2803384
Jurisdiction
YAKIMA
Zoning & alternative use
LCC · Yakima, WA
Zoning LCC · permitted uses
LCC · 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
MEDICAL BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$6.6M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2018
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
4
Lot
2.96 ac
Current owner
From public records · entity-resolved
Hogback Hotel Group Nw LLC
Entity
Free & Clear · 8 yrs held
Mailing address
203 SE PARK PLZ DR, VANCOUVER, WA 98684-5886
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
—
Hogback Hotel Group Nw LLC
—
Trustees Deed
related
$10,000,000 · Alaska USA FCU
Apr 18, 2018
—
Hogback Hotel Group Nw LLC
Hogback Rainier East LLC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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