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Property profile & analytics
OFF-MARKET
Office Spaces
501 18th Ave Ellensburg, WA 98926-2184
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3344839
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Total area
640 SF
Lot
3.45 ac (150,282 SF)
Zoning code
ERM
APN
44536
UPID
US90-3344839
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
-
University Place Apartments Apartment Building Apartment Complex
-
University place way Hotel & Motel
-
University Park Place Apartment Building
-
Urban Digital Photography Photography Service (Bike/Boat/Book/etc) Store
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
Barclay Ellensburg LLC · 8 yrs held
Barclay Ellensburg LLC
since 2017
6 recorded transactions
Zoning & alternative use
ERM · Ellensburg, 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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
Property tax & assessments
Assessed value
$8,559,420
Assessed 2024
Previous assessed
$8,100,600
+5.7% YoY
Assessed land
$733,090
Assessed improvement
$7,826,330
Land market value
$733,090
Improvement market value
$7,826,330
Total market value
$8,559,420
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
11
Stories
1
Total area
640 SF
Lot
3.45 ac (150,282 SF)
Zoning code
ERM
APN
44536
UPID
US90-3344839
Jurisdiction
KITTITAS
Zoning & alternative use
ERM · Ellensburg, WA
Zoning ERM · permitted uses
ERM · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Lot
3.45 ac
Current owner
From public records · entity-resolved
Barclay Ellensburg LLC
Entity
Mailing address
2520 CAMINO DIABLO, WALNUT CREEK, CA 94597-3939
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2019
—
Spokane Ellensburg LLC
—
Grant Deed
related
$2,300,000 · Holliday Fenoglio Fowler
Sep 20, 2017
—
Barclay Ellensburg LLC
Leefco Ellensburg LLC
Trustees Deed
related
$16,380,000 · Holliday Fenoglio Fowler
Jun 28, 2017
$23,352,600
Spokane Ellensburg LLC
Ellensburg Evergreen Spe LLC
Trustees Deed
related
$17,550,000 · Other Institutional Lenders
Apr 20, 2016
$9,711,800
Ellensburg Evergreen Spe LLC
University Place Apartments I
Grant Deed
—
Jun 29, 2007
$8,400,000
University Place Apartments I LLC
University Place Apartments LLC
Bargain And Sale Deed
—
—
—
University Place Apartments I
—
Deed Of Trust
related
$6,917,617 · Morgan Stanley Mtg Cap Holding
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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