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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
5200 Nob Hl Blvd Yakima, WA 98908-3778
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1506933
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Construction
WOOD
Total area
2,814 SF
Lot
6.89 ac (300,128 SF)
Zoning code
R3
APN
181328-41425
UPID
US90-1506933
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
-
Castle Creek Apartment Apartment Building
-
Home Tile and Marble Inc. General Contractor Renovation Specialist
-
Frank's Paint Detailing And Desings Interior Design Home Decor Store
-
Appletree Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$490k
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$635k
Owner & transaction history
Fannie Mae · 6 yrs held
Fannie Mae
since 2020
5 recorded transactions
Zoning & alternative use
R3 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+58.1%
Medical building
$545,000
+3.9%
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
$825,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$490,000
7%
$455,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$525,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$545,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$226 / 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
$125,258
Tax year 2024
Assessed value
$14,386,500
Assessed 2024
Previous assessed
$14,057,300
+2.3% YoY
Effective rate
0.87%
On assessed value
Assessed land
$899,800
Assessed improvement
$13,486,700
Land market value
$899,800
Improvement market value
$13,486,700
Total market value
$14,386,500
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
2009
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Total area
2,814 SF
Lot
6.89 ac (300,128 SF)
Zoning code
R3
APN
181328-41425
UPID
US90-1506933
Jurisdiction
YAKIMA
Zoning & alternative use
R3 · Yakima, WAZoning R3 · permitted uses
R3 · 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
OFFICE BUILDING Current
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$830,000
MEDICAL BUILDING
Est. value
$545,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2009
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
8
Lot
6.89 ac
Current owner
From public records · entity-resolved
Fannie Mae
Individual
Mailing address
2550 BORTON RD, YAKIMA, WA 98903-9766
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
Fannie Mae
—
Deed
related
$4,800,000 · Castle Creek Apartment LLC
Jul 31, 2018
—
Castle Creek Apartments LLC
—
Trustees Deed
related
$23,711,000 · Northmarq Cap Fin
Apr 12, 2011
—
Castle Creek Apartments LLC
—
Deed Of Trust
related
$4,800,000 · Greystone Servicing Corp
—
—
Castle Creek Apartments LLC
—
Deed Of Trust
related
$7,300,000 · Greystone Servicing Corp
—
—
Fannie Mae
—
Deed Of Trust
related
$4,800,000 · Castle Creek Apartment LLC
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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