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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Hotels
401 Yakima Ave Yakima, WA 98901-2723
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1809322
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
WOOD
Total area
99,903 SF
Lot
0.45 ac (19,515 SF)
Zoning code
CBD
APN
191319-21517
UPID
US90-1809322
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
-
The Garden Grille and Bar Restaurant
-
Hilton Garden Inn Parking Lot & Garage
-
Hilton Garden Inn Yakima Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Morrier Hotel LLC · 21 yrs held
Morrier Hotel LLC
since 2005
2 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$30 / 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
$70,168
Tax year 2024
Assessed value
$8,267,600
Assessed 2024
Previous assessed
$8,267,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$214,500
Assessed improvement
$8,053,100
Land market value
$214,500
Improvement market value
$8,053,100
Total market value
$8,267,600
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
2006
Construction
WOOD
Heating
YES
Cooling
YES
Stories
5
Total area
99,903 SF
Lot
0.45 ac (19,515 SF)
Zoning code
CBD
APN
191319-21517
UPID
US90-1809322
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
2006
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
5
Lot
0.45 ac
Current owner
From public records · entity-resolved
Morrier Hotel LLC
Entity
Mailing address
402 E YAKIMA AVE STE #1400, YAKIMA, WA 98901-2784
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2005
—
Morrier Hotel LLC
Jem-properties LLC
Warranty Deed
related
—
Jan 15, 2004
$440,000
Jem Properties LLC
Al Cahalan Foundation Tru
Grant Deed
$340,000 · Al Cahalan Foundation Tru (tr)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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