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Property profile & analytics
OFF-MARKET
Bars & Pubs
402 11th Ave Yakima, WA 98902-3216
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1756311
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1940
Construction
WOOD
Total area
3,750 SF
Lot
0.16 ac (6,970 SF)
Zoning code
SCC
APN
181324-34485
UPID
US90-1756311
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 Warehouse Sports Bar and Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Edward Hancock · 3 yrs held
Edward Hancock
since 2023
Last sale
$485,000
7 recorded transactions
Zoning & alternative use
SCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the small convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet community retail shopping and service needs.
Zone name
Small Convenience Center District
General category
COMMERCIAL
Zone area
309.25 ac
Source
Realmo
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
—
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
$2,328
Tax year 2024
Assessed value
$257,500
Assessed 2024
Previous assessed
$216,850
+18.7% YoY
Effective rate
0.90%
On assessed value
Assessed land
$55,700
Assessed improvement
$201,800
Land market value
$55,700
Improvement market value
$201,800
Total market value
$257,500
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
3,750 SF
Lot
0.16 ac (6,970 SF)
Zoning code
SCC
APN
181324-34485
UPID
US90-1756311
Jurisdiction
YAKIMA
Zoning & alternative use
SCC · Yakima, WAZoning SCC · permitted uses
SCC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the small convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet community retail shopping and service needs.
Zone name
Small Convenience Center District
General category
COMMERCIAL
Zone area
309.25 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Edward Hancock
Individual
Mailing address
402 S 11TH AVE, YAKIMA, WA 98902-3216
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2023
$485,000
Edward Hancock
Mnk Properties II LLC
Warranty Deed
$339,500 · Banner Bank
Apr 5, 2011
—
Mnk Properties I LLC
Kokenge,michael R & Nancy A
Quit Claim Deed
related
—
Mar 7, 2011
—
Mnk Properties II LLC
Michael R Kokenge
Quit Claim Deed
related
$204,729 · Central Valley Bank
Feb 23, 2011
—
Mnk Properties I LLC
Kokenge,michael R & Nancy A
Quit Claim Deed
related
—
Jan 25, 1994
$184,803
Michael R Kokenge
Herber,harold R
Grant Deed
$165,000 · Seller
Dec 21, 1988
$79,000
H R Herber
Unknown
Grant Deed
—
—
—
Michael R Kokenge
—
Deed Of Trust
related
$75,000 · Yakima National Bank
—
—
Michael R Kokenge
—
Deed Of Trust
related
$183,683 · Yakima National Bank
—
—
Michael R Kokenge
—
Deed Of Trust
related
$167,000 · Pioneer Bank
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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