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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Grocery and convenience stores
902 4th St Yakima, WA 98901-1925
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3339858
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Construction
WOOD
Total area
3,952 SF
Lot
0.27 ac (11,761 SF)
Zoning code
BCOM
APN
191318-23551
UPID
US90-3339858
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
-
Mercado Latino Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$900k
Owner & transaction history
Taj Mahal Palace INC · 4 yrs held
Taj Mahal Palace INC
since 2021
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
BCOM · Yakima, 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 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
$895,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Nov 18 2021)
Last sale anchor
$900k
Nov 18 2021
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
$228 / 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
$7,380
Tax year 2024
Assessed value
$860,250
Assessed 2024
Previous assessed
$859,100
+0.1% YoY
Effective rate
0.86%
On assessed value
Assessed land
$31,850
Assessed improvement
$828,400
Land market value
$31,850
Improvement market value
$828,400
Total market value
$860,250
Applied tax rate
333.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,952 SF
Lot
0.27 ac (11,761 SF)
Zoning code
BCOM
APN
191318-23551
UPID
US90-3339858
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Yakima, WA
Zoning BCOM · permitted uses
BCOM · 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
COMMERCIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL)
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
2005
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Taj Mahal Palace INC
Entity
Mailing address
902 N 4TH ST, YAKIMA, WA 98901-1925
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$900,000
Taj Mahal Palace INC
Amarjit Singh Nijjar
Warranty Deed
$875,000 · Pacific City Bank
Dec 30, 2019
—
Amarjit Singh Nijjar
—
Deed
related
$211,250 · Banner Bank
May 3, 2007
$625,000
Amarjit Singh Nijjar
A & N Investment & Rental Propertie
Warranty Deed
$500,000 · Yakima Valley Cu
Dec 28, 2004
—
A & N Inv & Rental Props LLC
Awad,nasser A
Quit Claim Deed
related
—
Nov 16, 2004
—
A & N Inv & Rental Props LLC
Awad,nasser A
Quit Claim Deed
related
—
Aug 23, 2004
$138,000
Nasser A Awad
Noonan,nellie M D
Warranty Deed
$235,000 · Susan Roark
Aug 23, 2004
—
Isadore Lizotte
Mcclary,catherine A
Warranty Deed
related
—
—
—
A & N Inv & Rental Props LLC
—
Deed Of Trust
related
$213,507 · Equity Network LLC
—
—
Nasser A Awad
—
Deed Of Trust
related
$300,000 · All American Invs Group LLC
—
—
Amarjit S Nijjar
—
Deed Of Trust
related
$705,000 · Pacific City Bank
—
—
Nasser A Awad
—
Deed Of Trust
related
$338,000 · R&k Holdings
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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