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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Outlet malls
309 5th Ave Yakima, WA 98902-3548
Entity Owned
38-yr Hold
~
Est. High Equity
Property ID
US90-1681999
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,680 SF
Lot
2.8 ac (121,968 SF)
Zoning code
COM
APN
181324-44418
UPID
US90-1681999
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
-
Nancy Matsuura Pharmacy
-
Cheryl Meenach Pharmacy
-
Bi-Mart Pharmacy Pharmacy
-
Bi-Mart Membership Discount Stores Discount Store
-
PPG Paints Store - BI-MART Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.59M
Owner & transaction history
Useacq Corporation II · 38 yrs held
Useacq Corporation II
since 1988
4 recorded transactions
Zoning & alternative use
COM · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.8M
+33.5%
Office building
$4.0M
+9.3%
Auto repair, garage
$3.8M
+4.3%
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%
$5,015,000
6.5%
$4,630,000
7%
$4,300,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,620,000
Current use
INDUSTRIAL (GENERAL)
$4,835,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$3,960,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,775,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$3,395,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±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
$121 / 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
$22,438
Tax year 2024
Assessed value
$2,343,300
Assessed 2024
Previous assessed
$2,312,850
+1.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$822,300
Assessed improvement
$1,521,000
Land market value
$822,300
Improvement market value
$1,521,000
Total market value
$2,343,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
29,680 SF
Lot
2.8 ac (121,968 SF)
Zoning code
COM
APN
181324-44418
UPID
US90-1681999
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Yakima, WAZoning COM · permitted uses
COM · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
2.8 ac
Current owner
From public records · entity-resolved
Useacq Corporation II
Entity
Mailing address
PO BOX 2310, EUGENE, OR 97402-0199
Ownership since
1988
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2004
—
Bi-mart Corp
—
Grant Deed
related
$30,000,000 · Morgan Stanley Dean Witter Com
Feb 24, 1997
—
Bi-mart Corp
—
Deed Of Trust
related
$17,406,000 · Bankamerica Business Credit
Jun 29, 1988
$799,000
Useacq Corporation II
Unknown
Grant Deed
—
—
—
Bi-mart Corp
—
Deed Of Trust
related
$20,000,000 · Bank Of America
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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