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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Specialty properties
3601 Fairbanks Ave 257, Yakima, WA 98902-6400
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0617123
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1990
Construction
WOOD
Total area
3,552 SF
Lot
6.34 ac (276,170 SF)
Zoning code
R3
APN
181315-44434
UPID
US90-0617123
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
-
Englewood Garden Villas Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.10M
Owner & transaction history
Englewood Housing Partners Lllp · 5 yrs held
Englewood Housing Partners Lllp
since 2021
7 recorded transactions
Zoning & alternative use
R3 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+16.1%
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
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$735,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$310 / 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
$3,783
Tax year 2024
Assessed value
$11,198,250
Assessed 2024
Previous assessed
$11,198,250
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$690,450
Assessed improvement
$10,507,800
Land market value
$690,450
Improvement market value
$10,507,800
Total market value
$11,198,250
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
FORCED AIR
Buildings
11
Stories
2
Total area
3,552 SF
Lot
6.34 ac (276,170 SF)
Zoning code
R3
APN
181315-44434
UPID
US90-0617123
Jurisdiction
YAKIMA
Zoning & alternative use
R3 · Yakima, WA
Zoning R3 · permitted uses
R3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$855,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
1990
Construction
WOOD
Heating
FORCED AIR
Stories
2
Buildings
11
Lot
6.34 ac
Current owner
From public records · entity-resolved
Englewood Housing Partners Lllp
Entity
Mailing address
2223 112TH AVE NE STE #102, BELLEVUE, WA 98004-2952
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Englewood Housing Partners Lllp
Englewood Garden Villas LLC
Bargain And Sale Deed
$18,000,000 · Bell Wather Enterprises Real Estate
Jul 16, 2010
$10,586,600
Alameda Trust
Englewood Icg LLC
Warranty Deed
—
Jul 16, 2010
—
Englewood Garden Villas LLC
George Kenneth Alameda
Quit Claim Deed
related
$5,843,000 · Wells Fargo Bank NA
Apr 10, 2006
$6,720,200
Englewood Icg LLC
Englewood Garden
Warranty Deed
—
Aug 7, 1991
$3,697,600
Englewood Garden Lmtd Ptnrshp
Unknown
Grant Deed
—
—
—
Englewood Garden
—
Deed Of Trust
related
$4,750,000 · American Prop Fin
—
—
Englewood Garden Villas LLC
—
Deed Of Trust
related
$478,835 · Alameda Trust
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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