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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
5905 Summitview Ave Yakima, WA 98908-3044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3362122
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2021
Construction
METAL FRAME
Total area
4,241 SF
Lot
1 ac (43,560 SF)
Zoning code
LCC
APN
181321-23527
UPID
US90-3362122
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
-
Cheers Cafe & Coffee Shop Take-out & Catering
-
Spanky's Auto Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$765k
Owner & transaction history
Sevigny Investments LLC · 4 yrs held
Sevigny Investments LLC
since 2021
7 recorded transactions
Zoning & alternative use
LCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose and intent of the large convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet the retail shopping and service needs of the community.
Zone name
Large Convenience Center District
General category
COMMERCIAL
Zone area
97.36 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.3M
+58.1%
Medical building
$820,000
+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
$465,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$790,000
Current use
COMMERCIAL (GENERAL)
$1,250,000
Change: +58% · Conversion: Easy
MEDICAL BUILDING
$820,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$180 / 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
$17,880
Tax year 2024
Assessed value
$2,031,700
Assessed 2024
Previous assessed
$1,898,000
+7.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$579,300
Assessed improvement
$1,452,400
Land market value
$579,300
Improvement market value
$1,452,400
Total market value
$2,031,700
Applied tax rate
585.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
4,241 SF
Lot
1 ac (43,560 SF)
Zoning code
LCC
APN
181321-23527
UPID
US90-3362122
Jurisdiction
YAKIMA
Zoning & alternative use
LCC · Yakima, WAZoning LCC · permitted uses
LCC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose and intent of the large convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet the retail shopping and service needs of the community.
Zone name
Large Convenience Center District
General category
COMMERCIAL
Zone area
97.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$820,000
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
2021
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Sevigny Investments LLC
Entity
Mailing address
1212 N 16TH AVE, YAKIMA, WA 98902-1348
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2021
—
Sevigny Investments LLC
Wm Real Property Holdings LLC
Warranty Deed
—
Jan 15, 2021
$925,000
Wm Real Property Holdings LLC
Hemmat Family LLC
Warranty Deed
—
Apr 3, 2008
—
Mobilitie Investments II LLC
—
Deed Of Trust
related
$600,000,000 · General Electric Capital Corp
Dec 27, 2005
$822,997
Big Bidness LLC
Garliz Invs LLC
Grant Deed
—
Dec 13, 1999
—
Bc Real Estate Investments INC
General Electric Capital Corp
Quit Claim Deed
related
—
—
—
Sba Monarch Towers I LLC
—
Deed Of Trust
related
—
—
—
Garliz Investments LLC
—
Deed Of Trust
related
$10,000 · Franchise Acceptance Corp Ltd
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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