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Property profile & analytics
OFF-MARKET
Individual retail properties
2712 1st St Union Gap, WA 98903-1704
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0050773
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,990 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
191205-23412
UPID
US90-0050773
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Delaneys Lost Sock Laundromat · 18 yrs held
Delaneys Lost Sock Laundromat
since 2008
5 recorded transactions
Zoning & alternative use
CBD · Union Gap, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
CBD Business District (CBD). The purpose of the CBD business district is to provide a diversity of commercial opportunities, civic facilities, recreation, employment, and residential opportunities. A variety of retail sales, businesses meetings, neighborhood and regional needs are allowed. Limited manufacturing opportunities, such as electronics assembly and…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
19.79 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,798
Tax year 2024
Assessed value
$257,500
Assessed 2024
Previous assessed
$258,800
-0.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$77,300
Assessed improvement
$180,200
Land market value
$77,300
Improvement market value
$180,200
Total market value
$257,500
Applied tax rate
300.0000
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
3,990 SF
Lot
0.3 ac (13,068 SF)
Zoning code
CBD
APN
191205-23412
UPID
US90-0050773
Jurisdiction
YAKIMA
Zoning & alternative use
CBD · Union Gap, WAZoning CBD · permitted uses
CBD · Union Gap, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
CBD Business District (CBD). The purpose of the CBD business district is to provide a diversity of commercial opportunities, civic facilities, recreation, employment, and residential opportunities. A variety of retail sales, businesses meetings, neighborhood and regional needs are allowed. Limited manufacturing opportunities, such as electronics assembly and printing plants, may be allowed subject to Class (2) or Class (3) review. Residential opportunities are limited to second floor apartments and townhouses, and residences for the owner or operator of the business establishment. Development must be served by a full range of urban services, with access by paved streets with curbs, gutters, and sidewalks. I.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
19.79 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Delaneys Lost Sock Laundromat
Individual
Free & Clear · 18 yrs held
Mailing address
404 N 1ST ST, YAKIMA, WA 98901-2306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Oct 13, 2021
—
Delaneys Lost Scok Laundromat LLC
—
Deed
related
$328,000 · Solarity Cu
Aug 1, 2008
—
Delaneys Lost Sock Laundromat
Delaney,gary M JR
Quit Claim Deed
related
—
Nov 22, 2006
$410,000
Gary M Delaney
Joung K Rhee
Warranty Deed
$260,000 · Yakima Valley Cu
Dec 7, 2004
—
Joung K Rhee
Bottino,edgar & Regina C
Warranty Deed
related
—
Feb 1, 1990
$101,500
Joung K Rhee
Unknown
Grant Deed
—
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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