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Property profile & analytics
OFF-MARKET
Strip malls
722 University Way Ellensburg, WA 98926-2947
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1487850
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Total area
15,739 SF
Lot
0.77 ac (33,600 SF)
Zoning code
ECC
APN
813734
UPID
US90-1487850
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
-
Jonathan T. Suttles, MSPT Physician
-
IRG - Argonaut Peak Physical Therapy Physician
-
Andrea Tierney Physician
-
The Plaza Business Service Center Corporate Office
-
Andrea Michelle Salamy Tierney Physician
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
Pautzke Bait Co INC · 1 yrs held
Pautzke Bait Co INC
since 2025
3 recorded transactions
Zoning & alternative use
ECC · Ellensburg, WA
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 Ellensburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ellensburg 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
Property tax & assessments
Assessed value
$1,715,940
Assessed 2024
Previous assessed
$1,611,600
+6.5% YoY
Assessed land
$336,000
Assessed improvement
$1,379,940
Land market value
$336,000
Improvement market value
$1,379,940
Total market value
$1,715,940
Applied tax rate
18.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Heating
FORCED AIR
Stories
1
Total area
15,739 SF
Lot
0.77 ac (33,600 SF)
Zoning code
ECC
APN
813734
UPID
US90-1487850
Jurisdiction
KITTITAS
Zoning & alternative use
ECC · Ellensburg, WAZoning ECC · permitted uses
ECC · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Development Code
Building & site characteristics
From public records
Year built
1966
Heating
FORCED AIR
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Pautzke Bait Co INC
Entity
Mailing address
PO BOX 36, ELLENSBURG, WA 98926-1909
Ownership since
2025
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
Apr 29, 2025
—
Pautzke Bait Co INC
—
Deed
related
$2,360,000 · Cashmere Valley Bank
Sep 11, 2018
—
Pautzke Bait Co INC
—
Deed
related
$3,000,000 · Wells Fargo Bk
—
—
Pautzke Bait Co INC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bk
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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