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Property profile & analytics
OFF-MARKET
Turn key restaurants
307 5th Ave, Ellensburg, WA 98926-3130
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0104119
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2013
Total area
2,788 SF
Lot
0.21 ac (8,995 SF)
Zoning code
ECC
APN
877433
UPID
US90-0104119
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
-
Cornerstone Pie Restaurant
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
Prentice Development LLC · 1 yrs held
Prentice Development LLC
since 2024
7 recorded transactions
Zoning & alternative use
ECC · Ellensburg, 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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
Property tax & assessments
Assessed value
$860,610
Assessed 2024
Previous assessed
$792,000
+8.7% YoY
Assessed land
$134,930
Assessed improvement
$725,680
Land market value
$134,930
Improvement market value
$725,680
Total market value
$860,610
Applied tax rate
18.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,788 SF
Lot
0.21 ac (8,995 SF)
Zoning code
ECC
APN
877433
UPID
US90-0104119
Jurisdiction
KITTITAS
Zoning & alternative use
ECC · Ellensburg, WA
Zoning ECC · permitted uses
ECC · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Prentice Development LLC
Entity
Mailing address
307 E 5TH AVE, ELLENSBURG, WA 98926-3130
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$1,217,974
Prentice Development LLC
Holloway Malek LLC
Warranty Deed
$930,000 · Enterprise Bank & Trust
Aug 14, 2017
—
Holloway Malek LLC
—
Deed
related
$380,448 · Bank Of The West
Dec 30, 2016
—
Holloway Malek LLC
Holloway,mark E
Quit Claim Deed
related
—
Sep 30, 2013
$261,000
Mark Holloway
Merwick,steven M & Patricia A
Warranty Deed
—
Dec 16, 2011
$261,000
Mark Holloway
Merwick,steven M & Patricia A
Dual Purpose Document
$211,000 · Steven M & Patricia A Merwick
Aug 3, 2006
$240,000
Steven M Merwick
Herbert,kathleen C
Warranty Deed
—
—
—
Mark E Holloway
—
Deed Of Trust
related
$350,000 · Bank Of The West
—
—
Holloway Malek LLC
—
Deed Of Trust
related
$380,448 · Bank Of The West
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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