Back to Search
Property profile & analytics
FOR LEASE
Retail space
506 South 1St St Selah, WA 98942
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2698368
For Lease
1 / 21
$20 SF/Yr
506 South 1St St, Selah, WA 98942
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Construction
WOOD
Total area
5,160 SF
Lot
0.53 ac (23,000 SF)
Zoning code
B2
APN
181302-14545
UPID
US90-2698368
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
-
Domino's Pizza Take-out & Catering
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
-
Abadan - Selah Big Box & Wholesale Store
-
Kalon Aesthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$655k
Owner & transaction history
Bbs Selah LLC · 13 yrs held
Bbs Selah LLC
since 2013
2 recorded transactions
Zoning & alternative use
B2 · Selah, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Ordinances | Selah, WA
Top alternative use upside
Office building
$895,000
+37.0%
Medical building
$865,000
+32.4%
Industrial (general)
$760,000
+16.0%
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 Selah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Selah 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
by Request
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
RETAIL STORES
$655,000
Current use
OFFICE BUILDING
$895,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$760,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$127 / 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
$6,869
Tax year 2024
Assessed value
$790,900
Assessed 2024
Previous assessed
$700,550
+12.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$345,200
Assessed improvement
$445,700
Land market value
$345,200
Improvement market value
$445,700
Total market value
$790,900
Applied tax rate
400.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2016
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
5,160 SF
Lot
0.53 ac (23,000 SF)
Zoning code
B2
APN
181302-14545
UPID
US90-2698368
Jurisdiction
YAKIMA
Zoning & alternative use
B2 · Selah, WAZoning B2 · permitted uses
B2 · Selah, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Ordinances | Selah, WA
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$655,000
OFFICE BUILDING
Est. value
$895,000
MEDICAL BUILDING
Est. value
$865,000
INDUSTRIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$675,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2016
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Bbs Selah LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1402 BRADER AVE, SELAH, WA 98942-1745
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 16, 2013
—
Bbs Selah LLC
Harris,billy D
Quit Claim Deed
related
—
Dec 12, 2012
—
Harris,primrose R
Harris Willie J
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
