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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
3410 Nob Hl Blvd Yakima, WA 98902-4798
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0496061
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1960
Construction
WOOD
Total area
2,383 SF
Lot
0.57 ac (24,829 SF)
Zoning code
B2
APN
181327-41416
UPID
US90-0496061
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
$690k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$499k
Blend (final)
Blend
$670k
Owner & transaction history
Bright Beginnings Early Learning Ll · 3 yrs held
Bright Beginnings Early Learning Ll
since 2023
Last sale
$668,949
5 recorded transactions
Zoning & alternative use
B2 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$700,000
+120.9%
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
$660,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$700,000
Change: +121% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $669k (May 1 2023)
Last sale anchor
$669k
May 1 2023
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
$281 / 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
$4,475
Tax year 2024
Assessed value
$508,300
Assessed 2024
Previous assessed
$499,500
+1.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$148,700
Assessed improvement
$359,600
Land market value
$148,700
Improvement market value
$359,600
Total market value
$508,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Rooms
14
Bathrooms
3
Total area
2,383 SF
Lot
0.57 ac (24,829 SF)
Zoning code
B2
APN
181327-41416
UPID
US90-0496061
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Yakima, WAZoning B2 · permitted uses
B2 · 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
COMMERCIAL (GENERAL)
Est. value
$700,000
COMMERCIAL (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
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
14
Bathrooms
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Bright Beginnings Early Learning Ll
Individual
Mailing address
1217 LANDON AVE, YAKIMA, WA 98902-5626
Ownership since
2023
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
Feb 28, 2025
—
Bright Beginnings Early Learning Ll
—
Deed
related
$250,000 · Washington State Department Of Commerce
May 1, 2023
$668,949
Bright Beginnings Early Learning Ll
Byron Armstrong
Warranty Deed
$575,315 · Washington State Department Of Comm
Dec 9, 2009
$189,500
Byron Armstrong
Dina John
Warranty Deed
$151,600 · Yakima Valley Cu
Feb 11, 1998
—
Dina John
Johnson,david S
Quit Claim Deed
related
$95,000 · America's Wholesale Lender
—
—
Jimmy F John
—
Deed Of Trust
related
$12,012 · Individual
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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