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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Banks
503 Pearl St, Ellensburg, WA 98926-3173
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1405419
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1912
Total area
6,600 SF
Lot
0.08 ac (3,485 SF)
Zoning code
ECC
APN
636933
UPID
US90-1405419
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
-
Pet cemetery Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$675k
Owner & transaction history
Andrew Patry · 5 yrs held
Andrew Patry
since 2020
Last sale
$690,414
5 recorded transactions
Zoning & alternative use
ECC · 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
Method
Estimation
Statistic approach
$530,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$845,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$755,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$610,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $690k (Aug 6 2020)
Last sale anchor
$690k
Aug 6 2020
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
$102 / 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
Property tax & assessments
Assessed value
$817,490
Assessed 2024
Previous assessed
$730,760
+11.9% YoY
Assessed land
$72,000
Assessed improvement
$745,490
Land market value
$72,000
Improvement market value
$745,490
Total market value
$817,490
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
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1912
Heating
PACKAGE
Stories
2
Total area
6,600 SF
Lot
0.08 ac (3,485 SF)
Zoning code
ECC
APN
636933
UPID
US90-1405419
Jurisdiction
KITTITAS
Zoning & alternative use
ECC · Ellensburg, WA
Zoning ECC · permitted uses
ECC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$845,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$425,000
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1912
Heating
PACKAGE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Andrew Patry
Individual
Mailing address
2401 N LILAC WAY, ELLENSBURG, WA 98926-2322
Ownership since
2020
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
Aug 6, 2020
$690,414
Andrew Patry
Broughton Family Properties LLC
Warranty Deed
—
Jul 9, 2014
$631,590
Andrew Patry
Broughton Family Props LLC
Dual Purpose Document
$571,590 · Broughton Family Props LLC
May 3, 2012
—
Broughton Family Props LLC
Foote Living Trust
Quit Claim Deed
related
—
—
—
Andrew Patry
—
Deed Of Trust
related
$50,000 · Darryl T Scully
—
—
Andrew Patry
—
Deed Of Trust
related
$109,900 · Darryl T & Sharon Scully
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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