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    Property profile & analytics

    601 University Way Ellensburg, WA 98926-2318

    • Turn key restaurants
    • 1,285 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Last Sale
    Oct 05, 2020
    $179,900
    Location Intelligence
    Property ID
    US90-1715535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sue Lombard Hall / Student Dormitory
    • Tacos Chalito 2 / Restaurant / Mexican Restaurant
    • Cafe Nicholas / Catering / Delivery Restaurant

    Property Details for 601 University Way

    Year built
    1950
    Lot size
    0.09 lot acres
    Property size
    1,285 SF
    Zone code
    ECH
    Property type
    Turn key restaurants
    APN
    63133
    APU
    63133

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $160,000
      6.5%
      $155,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $180,000
      Mixed-Use
      $160,000
      Hospitality
      $175,000
      Educational
      $130,000
      Residential Income
      $175,000
      Energy
      $155,000
      Income-Based Land
      $155,000
      Food Service
      $165,000

    Location Insight

    • Map
    • Local Demand
    City
    Ellensburg
    County
    Kittitas
    State
    Washington
    Longitude
    -120.556
    Latitude
    46.9999
    CBSA code
    21260
    CBSA name
    ELLENSBURG, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $58,500
    $126,650
    $185,150
    -
    $58,500
    $126,650
    $185,150

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      807 University Way

      RESTAURANT • 0.03 Acres
      807 University Way, Ellensburg, WA 98926-2338
      View Details
    • Value Estimation by Request
      0.07 Acres

      University Way

      RESTAURANT • 0.07 Acres
      University Way, Ellensburg, WA 98926
      View Details
    • Value Estimation by Request
      0.19 Acres

      University Way

      RESTAURANT • 0.19 Acres
      University Way, Ellensburg, WA 98926
      View Details
    • Value Estimation
      $290,000
      0.55 Acres

      1713 Cyn Rd

      RESTAURANT • 0.55 Acres
      1713 Cyn Rd, Ellensburg, WA 98926-4122
      View Details
    • Value Estimation
      $840,000
      4,351 SF

      204 Main St

      RESTAURANT • 4,351 SF
      204 Main St, Ellensburg, WA 98926-3310
      View Details
    • Value Estimation
      $315,000
      1,613 SF

      301 Pne St

      RESTAURANT • 1,613 SF
      301 Pne St, Ellensburg, WA 98926-3390
      View Details

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    Similar Nearby for Lease

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      Small, affordable retail space in a busy, well-maintained shopping center.
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      Prime I-90 Retail Lots Available
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    • $0.75 SF/Yr
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      Versatile Industrial Spaces in Ellensburg

      Adaptable industrial and office spaces for lease near I-90.
      1500 W Dolarway Rd, Ellensburg, WA 98926
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    • Contact for pricing

      Industrial Land Near Interstate 90

      61.09 acres of industrial land available for lease.
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    • $12 SF/Yr
      6,000 SF

      Lakeside Premium Office Space

      Modern Office, Lake Views, 2,000 SF
      2309 Dolarway Rd, Ellensburg, WA 98926
      View Details
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    601 University Way
    Ellensburg, WA 98926-2318
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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