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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Motels
510 1st St Yakima, WA 98901-2308
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3110976
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,108 SF
Lot
0.52 ac (22,651 SF)
Zoning code
GC
APN
181313-44411
UPID
US90-3110976
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
-
Econo Lodge Hotel & Motel
-
Floreria La Orquidea (Bike/Boat/Book/etc) Store Florist
-
Holiday Lodge Yakima Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Nm Investor LLC · 4 yrs held
Nm Investor LLC
since 2022
Last sale
$1.6M
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
$1.5M
+99.8%
Medical building
$1.5M
+97.9%
Office building
$1.3M
+78.4%
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
$1,850,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
RESTAURANT
$1,500,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$1,485,000
Change: +98% · Conversion: Difficult
OFFICE BUILDING
$1,340,000
Change: +78% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,155,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.57M (Jul 28 2022)
Last sale anchor
$1.57M
Jul 28 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
$134 / 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
$12,606
Tax year 2024
Assessed value
$1,443,300
Assessed 2024
Previous assessed
$1,443,300
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$227,900
Assessed improvement
$1,215,400
Land market value
$227,900
Improvement market value
$1,215,400
Total market value
$1,443,300
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
12,108 SF
Lot
0.52 ac (22,651 SF)
Zoning code
GC
APN
181313-44411
UPID
US90-3110976
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
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
Nm Investor LLC
Entity
Mailing address
510 N 1ST ST, YAKIMA, WA 98901-2308
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$1,566,000
Nm Investor LLC
Bk Investor LLC
Warranty Deed
$1,440,000 · Bbcn Bank
Nov 29, 2018
$1,500,000
Bk Investor LLC
Sanghera LLC
Warranty Deed
$1,300,000 · Mountain Pacific Bank
Nov 21, 2008
$785,000
Sanghera LLC
Singh,baljit
Warranty Deed
$852,000 · City Bank
May 11, 2004
$220,000
Singh,baljit
Midwest Properties LLC
Warranty Deed
$800,000 · City Bk
Jan 30, 2002
$150,000
Midwest Properties LLC
Bath,dayabir S
Grant Deed
$500,000 · City Bank
Dec 19, 2001
$142,500
Bayabir S Bath
Weaver Investments LLC
Grant Deed
—
—
—
Midwest Properties LLC
—
Deed Of Trust
related
$240,000 · Rpd Vagabond Assocoates B LLC
—
—
Sanghera LLC
—
Deed Of Trust
related
$76,523 · City Bank
—
—
Baljit Singh
—
Deed Of Trust
related
$70,000 · Philegacy LLC
—
—
Baljit Singh
—
Deed Of Trust
related
$100,000 · Psu INC
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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