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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
802 Mtn Vw Ave Ellensburg, WA 98926-3874
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0899691
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1997
Total area
28,441 SF
Lot
2.59 ac (112,820 SF)
Zoning code
ERM
APN
517936
UPID
US90-0899691
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
-
Hearthstone Cottage Nursing Home Retirement Community
-
Prestige Senior Living at Hearthstone Nursing Home Retirement Community
-
Centrifuge Language Arts Curriculum Language School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Bright Light Ventures LLC · 1 yrs held
Bright Light Ventures LLC
since 2024
4 recorded transactions
Zoning & alternative use
ERM · Ellensburg, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$18 / 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
Property tax & assessments
Assessed value
$3,135,800
Assessed 2024
Previous assessed
$2,834,640
+10.6% YoY
Assessed land
$366,670
Assessed improvement
$2,769,130
Land market value
$366,670
Improvement market value
$2,769,130
Total market value
$3,135,800
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
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1997
Heating
PACKAGE
Cooling
YES
Stories
1
Total area
28,441 SF
Lot
2.59 ac (112,820 SF)
Zoning code
ERM
APN
517936
UPID
US90-0899691
Jurisdiction
KITTITAS
Zoning & alternative use
ERM · Ellensburg, WA
Zoning ERM · permitted uses
ERM · Ellensburg, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ellensburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.59 ac
Current owner
From public records · entity-resolved
Bright Light Ventures LLC
Entity
Free & Clear · 1 yrs held
Mailing address
7700 NE PKWY DR STE 300TH VANCOUVER
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Bright Light Ventures LLC
Ellensburg Ventures LLC
Bargain And Sale Deed
—
Jun 1, 2017
$3,062,654
Hearthstone Associates LP
Campbell Healthcare Investments LP
Special Warranty Deed
—
Dec 31, 2008
$790,000
Campbell Healthcare Invs
Mace,terry
Grant Deed
—
Dec 31, 2008
—
Terry Mace
Hearthstone Associates
Grant Deed
related
—
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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