Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,775,000
Auto shops
506 Fruitvale Blvd Yakima, WA 98902-1405
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2751836
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1983
Construction
METAL FRAME
Total area
18,568 SF
Lot
3.68 ac (160,301 SF)
Zoning code
GC
APN
181313-42525
UPID
US90-2751836
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
-
Subaru Parts Auto Parts Store
-
McCurley Subaru of Yakima Parts Auto Parts Store
-
McCurley Subaru of Yakima Car Dealership
-
McCurley Subaru Yakima Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.78M
Owner & transaction history
City Of Yakima · 3 yrs held
City Of Yakima
since 2022
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
GC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.6M
+177.2%
Commercial (general)
$5.5M
+131.6%
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
Method
Estimation
Statistic approach
$5,725,000
ML approach
$5,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,550,000
Change: +177% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,470,000
Change: +132% · Conversion: Moderate
Blend value · Realmo final
$5.78M
Range $5.20M – $6.35M · ±10% · vs last sale $5.83M (Aug 31 2022)
Last sale anchor
$5.83M
Aug 31 2022
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
$311 / 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
$3,509
Tax year 2024
Assessed value
$5,844,700
Assessed 2024
Previous assessed
$5,291,500
+10.5% YoY
Effective rate
0.06%
On assessed value
Assessed land
$1,603,000
Assessed improvement
$4,241,700
Land market value
$1,603,000
Improvement market value
$4,241,700
Total market value
$5,844,700
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1983
Construction
METAL FRAME
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
18,568 SF
Lot
3.68 ac (160,301 SF)
Zoning code
GC
APN
181313-42525
UPID
US90-2751836
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WAZoning GC · permitted uses
GC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RESTAURANT
COMMERCIAL (GENERAL)
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
1983
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
3.68 ac
Current owner
From public records · entity-resolved
City Of Yakima
Entity
Mailing address
129 N 2ND ST, YAKIMA, WA 98901-2613
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$5,825,000
City Of Yakima
Mccurley Fruitvale Property LLC
Warranty Deed
—
Aug 31, 2022
—
Mccurley Fruitvate Property LLC
City Of Yakima
Lease
—
Oct 29, 2021
$6,119,600
Mccurly Fruitvale Propery LLC
Fps Properties LLC
Warranty Deed
$4,261,875 · Community First Bank
Jul 25, 2017
—
Fps Properties LLC
—
Deed
related
$3,000,000 · Bank Of America
Sep 24, 2015
—
Fps Properties LLC
Stewart,frank S & Paula M
Quit Claim Deed
related
—
—
—
Frank S Stewart
—
Loan Modification
related
$3,000,000 · Bank Of America
—
—
Frank S Stewart
—
Loan Modification
related
$1,625,000 · Bank Of America/il
—
—
Fps Properties LLC
—
Deed Of Trust
related
$3,000,000 · Bank Of America
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?”
You own 506 Fruitvale Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
