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    504 N 40Th Ave Yakima, WA 98908

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    For Sale
    $2,900,000

    Prime medical facility in Yakima's North 40th Avenue district.

    Property size:
    13,762 SF
    Lot size:
    1.31 Acres

    Property Features for 504 N 40Th Ave

    General Information

    Size
    13,762 SF
    Lot size
    1.31 Acres

    Source: Keller Williams Yakima Valley Agent Russell Roberts, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical Building in Yakima For Sale

    Located in Yakima's North 40th Avenue district, the Family Medicine of Yakima Building presents an investment opportunity. Constructed in 1993, this free-standing medical facility features 12,083 square feet of finished ground floor space, 2,730 square feet of finished basement space, and 3,778 square feet of unfinished basement space. The building's exterior includes rock trim. The property is situated on a 1.31-acre commercially zoned lot and includes 70 parking spaces. Inside, the building contains 27 exam rooms, a private lab, 2 procedure rooms, 7 private offices, a breakroom, a conference room, and a gym. The building is fully sprinkled and has a metal roof. The design includes an area reserved for the future addition of an elevator to access the basement. The total area of the building is 18,591 square feet. The property is located 40 blocks west of Yakima's central core area. Space is leased to MultiCare Hospital through 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Medicine of Yakima: ... Family Practice Physician Mindy Udell Obstetrician-Gynecologist Kial Wiley Family Practice Physician Midhuna Papazian Family Practice Physician Family Medicine of Yakima: ... Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.5632392
    Latitude
    46.6056971

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    FAQs

    What type of property is this?
    Medical office - Prime medical facility in Yakima's North 40th Avenue district.
    Where is this medical office located?
    The property is located at 504 N 40Th Ave Yakima, WA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Leased to MultiCare Hospital through 2024, providing immediate income.; - Large 1.31-acre commercially zoned lot with 70 parking spaces.; - Prime location in Yakima's North 40th Avenue district, near the central core.
    (509) 594-7989
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    504 N 40Th Ave Yakima, WA 98908
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    Yakima, WA 98908
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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
    504 N 40Th Ave Yakima, WA 98908
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