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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Retail space
6 Fair Ave Yakima, WA 98901-4535
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1561561
Property summary
AI-generated overview
Gateway Center, located at 6-128 N Fair Ave, Yakima, WA 98901, offers prime retail space for lease. This established neighborhood shopping center, built in 1996, boasts a total of 237,091 square feet of retail space. The property provides ample parking with a ratio of 5.14 spaces per 1,000 square feet. Units are available in various sizes, with a minimum divisible space of 1,610 square feet and a maximum contiguous space of 3,233 square feet, making it suitable for a range of businesses. The center's strategic location in Yakima, WA offers excellent visibility and accessibility for customers. This is an opportunity to establish or expand your retail presence in a thriving community. The property's multiple tenancy structure provides a diverse and vibrant shopping environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is 6-128 N Fair Ave, Yakima, WA 98901.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,952 SF
Lot
0.93 ac (40,511 SF)
Zoning code
RD
APN
191319-11510
UPID
US90-1561561
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
-
Pizza Hut Take-out & Catering
-
Gateway Cleaners (Bike/Boat/Book/etc) Store
-
uBreakiFix - Phone and Computer Repair Tech Support Center IT Consulting Firm
-
A+ Nails Nail Salon
-
Aplusnail Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.60M
Owner & transaction history
Ross Dress Or Less INC · 3 yrs held
Ross Dress Or Less INC
since 2023
Last sale
$30,000
7 recorded transactions
Zoning & alternative use
RD · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+68.4%
Medical building
$2.3M
+68.3%
Industrial (general)
$1.9M
+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%
$2,020,000
6.5%
$1,865,000
7%
$1,730,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,375,000
Current use
OFFICE BUILDING
$2,315,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$2,315,000
Change: +68% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,945,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,520,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $30k (Sep 17 2024)
Last sale anchor
$30k
Sep 17 2024
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
$10,180
Tax year 2024
Assessed value
$1,133,050
Assessed 2024
Previous assessed
$1,116,800
+1.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$439,550
Assessed improvement
$693,500
Land market value
$439,550
Improvement market value
$693,500
Total market value
$1,133,050
Applied tax rate
331.0000
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
11,952 SF
Lot
0.93 ac (40,511 SF)
Zoning code
RD
APN
191319-11510
UPID
US90-1561561
Jurisdiction
YAKIMA
Zoning & alternative use
RD · Yakima, WA
Zoning RD · permitted uses
RD · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Ross Dress Or Less INC
Entity
Free & Clear · 3 yrs held
Mailing address
330 112TH AVE NE STE #200, BELLEVUE, WA 98004-5800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
Wrp Gateway LLC
—
Deed
related
$7,050,000
Feb 21, 2023
—
Ross Dress Or Less INC
Wrp Gateway LLC
Lease
—
Apr 28, 2017
—
Wrp Gateway LLC
—
Grant Deed
related
$8,500,000 · Miscellaneous Ins Co
Apr 12, 2010
—
Wrp Gateway LLC
—
Deed Of Trust
related
$14,275,000 · American National Insurance Co
Oct 20, 2005
$17,500,000
Wrp Gateway LLC
Gateway Center Associates LLC
Grant Deed
$14,275,000 · American National Insurance Co
Dec 29, 1997
—
Gateway Center Associates LLC
—
Deed Of Trust
related
$9,700,000 · National Capital Funding Corp
Jan 13, 1997
—
Gateway Center Associates LLC
Seattle Mortgage Co
Quit Claim Deed
related
—
Dec 20, 1996
—
Gateway Center Associates LLC
—
Deed Of Trust
related
$1,000,000 · Standard Insurance Co
—
—
Wrp Gateway LLC
—
Loan Modification
related
$14,275,000 · American National Insurance Co
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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