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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Hotels
321 Yakima Ave Yakima, WA 98901-2708
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1618182
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
52,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
191319-21421
UPID
US90-1618182
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
-
Masonic Temple Resort
-
Hotel Maison Yakima Tapestry Collection by Hilton Hotel & Motel
-
zxc Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.19M
Blend (final)
Blend
$1.66M
Owner & transaction history
Jem Building LLC · 11 yrs held
Jem Building LLC
since 2014
7 recorded transactions
Zoning & alternative use
CBD · Yakima, 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 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
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±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
$32 / 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
$7,086
Tax year 2024
Assessed value
$3,970,300
Assessed 2024
Previous assessed
$3,970,300
+0.0% YoY
Effective rate
0.18%
On assessed value
Assessed land
$69,100
Assessed improvement
$3,901,200
Land market value
$69,100
Improvement market value
$3,901,200
Total market value
$3,970,300
Applied tax rate
331.0000
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
7
Total area
52,000 SF
Lot
0.14 ac (6,098 SF)
Zoning code
CBD
APN
191319-21421
UPID
US90-1618182
Jurisdiction
YAKIMA
Zoning & alternative use
CBD · Yakima, WA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
7
Lot
0.14 ac
Current owner
From public records · entity-resolved
Jem Building LLC
Entity
Mailing address
402 E YAKIMA AVE STE #1200, YAKIMA, WA 98901-5414
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2016
—
Jem Building LLC
—
Deed
related
$1,900,000 · Josiane C Jahn
Nov 18, 2014
—
Jem Building LLC
Jem Dev Real Estate INC
Quit Claim Deed
$600,000 · Josiane C Jahn
Sep 30, 2014
$400,000
Jem Building LLC
Jem Dev Real Estate INC
Dual Purpose Document
$360,000 · Jem Dev Real Estate INC
Nov 21, 2002
—
Morrier Family Realty LLC
Morrier,joseph R & Elizabeth L
Quit Claim Deed
related
—
Aug 18, 1999
$157,000
Joseph R Morrier
Morrier,ronald
Quit Claim Deed
related
—
May 12, 1998
—
Yakima Mall Shopping Cntr Corp
Westside Development Xxviii
Quit Claim Deed
related
—
—
—
Yakima Mall Shopping Center Co
—
Deed Of Trust
related
$2,006,038 · Key Bank & Trust
—
—
Jem Building LLC
—
Deed Of Trust
related
$1,200,000 · Richard F & Judith L Hahn
—
—
Jem Building LLC
—
Deed Of Trust
related
$600,000 · Josiane C Jahn
—
—
Jem Building LLC
—
Deed Of Trust
related
$1,900,000 · Josiane C Jahn
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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