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Property profile & analytics
OFF-MARKET
Office buildings
516 1st St Yakima, WA 98901-2308
Individually Owned
12-yr Hold
Free & Clear
Property ID
US90-0792389
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1938
Construction
WOOD
Total area
1,548 SF
Lot
0.16 ac (6,970 SF)
Zoning code
GC
APN
181313-44413
UPID
US90-0792389
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
-
Lanthorn Kathryn J Counselor
-
Chad & Dad Construction, LLC Construction Company General Contractor
-
Yakima Green Spa Spa & Massage Center
-
William Sarah L Counselor
-
Gray Michael T Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blaine Connaughton · 12 yrs held
Blaine Connaughton
since 2014
3 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,507
Tax year 2024
Assessed value
$96,100
Assessed 2024
Previous assessed
$122,000
-21.2% YoY
Effective rate
1.57%
On assessed value
Assessed land
$15,000
Assessed improvement
$81,100
Land market value
$15,000
Improvement market value
$81,100
Total market value
$96,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
1,548 SF
Lot
0.16 ac (6,970 SF)
Zoning code
GC
APN
181313-44413
UPID
US90-0792389
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
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Blaine Connaughton
Individual
Free & Clear · 12 yrs held
Mailing address
538 ZIMMERMAN RD, YAKIMA, WA 98908-8897
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
$82,000
Blaine Connaughton
Gray,michael & Leslie
Warranty Deed
—
—
—
Michael T Gray
—
Deed Of Trust
related
$97,300 · Pioneer Bank
—
—
Michael T Gray
—
Deed Of Trust
related
$130,000 · Wells Fargo Bank West NA
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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