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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Retail space
511 1st St Yakima, WA 98901-2307
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0017864
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,160 SF
Lot
0.87 ac (37,897 SF)
Zoning code
COM
APN
191318-33422
UPID
US90-0017864
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
-
Shakira's Vanity (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Mercado De Yakima Grocery & Convenience Store Specialty Food Shop
-
Dolex Dollar Express Bank Credit Union
-
Pops chicken Restaurant
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.21M
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$2.08M
Owner & transaction history
Samreet INC · 8 yrs held
Samreet INC
since 2018
7 recorded transactions
Zoning & alternative use
COM · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+68.4%
Medical building
$2.7M
+68.3%
Industrial (general)
$2.3M
+41.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,395,000
6.5%
$2,210,000
7%
$2,050,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,630,000
Current use
OFFICE BUILDING
$2,740,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$2,740,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,305,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,800,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$147 / 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
$13,873
Tax year 2024
Assessed value
$1,550,300
Assessed 2024
Previous assessed
$1,429,050
+8.5% YoY
Effective rate
0.89%
On assessed value
Assessed land
$408,900
Assessed improvement
$1,141,400
Land market value
$408,900
Improvement market value
$1,141,400
Total market value
$1,550,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
14,160 SF
Lot
0.87 ac (37,897 SF)
Zoning code
COM
APN
191318-33422
UPID
US90-0017864
Jurisdiction
YAKIMA
Zoning & alternative use
COM · Yakima, WAZoning COM · permitted uses
COM · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.8M
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Samreet INC
Entity
Mailing address
511 N 1ST ST, YAKIMA, WA 98901-2307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
—
Samreet INC
—
Deed
related
$4,051,000 · First Internet Bank Of Indiana
Nov 3, 2023
—
Samreet INC
—
Deed
related
$1,600,000 · Us Bank NA
Jul 25, 2018
$1,650,000
Samreet INC
Thind Corp
Warranty Deed
$1,560,000 · Readycap Lndg
Nov 24, 2010
$1,100,000
Thind Corp
Levan,andrew
Deed Of Trust
$1,280,000 · Saehan Bank
Nov 22, 2006
—
Andrew Levan
Nguyen,yen
Quit Claim Deed
related
—
Nov 22, 2006
$1,200,000
Andrew Levan
511 Land Ventures LLC
Warranty Deed
$640,000 · Silver Hill Financial LLC
May 13, 2004
—
511 Land Ventures LLC
—
Grant Deed
related
$1,000,000 · Umpqua Bk
May 7, 2004
—
57 Ptshp
Bell,james & Aduan
Quit Claim Deed
related
—
Jun 15, 2001
—
511 Land Ventures LLC
—
Trustees Deed
related
$525,000 · Pacific Northwest Bank
Jun 30, 1999
$450,000
511 Land Ventures LLC
Benoit,larry R & Waldene N
Grant Deed
$468,000 · Covenant Mortgage Corp
Feb 26, 1991
$375,900
Larry R Benoit
Unknown
Grant Deed
—
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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