Divisible Office
New
For Sale
$525,000
1402 W Yakima Ave, Yakima, WA 98902
Comm/Industrial, Yakima, WA
Property Size3,410 SF
Lot Size0.19 Acres
Price / SF$153.96
Days on Market2
Property Features for 1402 W Yakima Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R3 - Multi Fam Res
Rooms
Basement
Directions
From I-82, take the Yakima Ave exit and head west on Yakima Ave through downtown Yakima approximately 2 miles to S 14th Ave. The property is on the southwest corner of W Yakima Ave and S 14th Ave.
Subdivision
3A - Btwn S 1st/16th
Standard status
Active
APN
181324-32453
Size
3,410 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4421
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fenced back yard
fiber internet installed
Building Details
Year built
1959
Flooring type
Tile, Wood, Carpet
Building materials
Frame
Roof type
Built-Up
Listing Agency:
Keller Williams Yakima Valley · Keller Williams Realty
(509) 966-1020
Listed By:
Russ Roberts, · License #26317
(509) 594-7989
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 6:06PM
MLS# 26-3098
Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 3,410-square-foot office building dates to 1959 and sits on a 0.19-acre lot. Its plan includes 10 private offices, four larger meeting or gathering rooms, two kitchens, and three bathrooms. A doorway in the main hall divides the building into two sections, allowing separate occupancy or use by multiple tenants. The property also has a fenced backyard and installed fiber internet.
Located at 1402 W Yakima Ave in Yakima, the building is zoned R-3. Construction is frame, with wood, tile, and carpet flooring. Heating is natural gas forced air; the water source is public.
Located at 1402 W Yakima Ave in Yakima, the building is zoned R-3. Construction is frame, with wood, tile, and carpet flooring. Heating is natural gas forced air; the water source is public.
Key Highlights
- 3,410 SF office building on a 0.19‑acre lot
- 10 individual offices and four larger meeting or gathering areas
- Two kitchens and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,299
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,980
$726.0K
Cap Rate 7%
$518,557
$518.6K
Cap Rate 9%
$403,322
$403.3K
Market Conditions
NOI Build-Up for 3,410 SF
Gross rent
$52.0K $15.24/SF
− Vacancy
−$3.6K −$1.05/SF
EGI
$48.4K $14.19/SF
− OpEx
−$12.1K −$3.55/SF
NOI
$36.3K $10.64/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,980
Cap Rate 7%
$518,557
Cap Rate 9%
$403,322
Alternative Uses
Best Use
Office B
$518.6K
$453.7K – $605.0K
NOI $36,299 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.5K
$605.9K – $807.9K
NOI $48,474 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 98902, WA
47,589
Population
17,723
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
78%
High-School Grad
9.3 sq mi
ZIP Area
5,117
Density / Sq Mi
$60,050
Median Household Income
$36,900
Median Earnings
$1,045
Median Rent
$237,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - A central hall doorway separates two occupiable sides, with a fenced rear yard and fiber internet service.
Where is this office building located?
The property is located at 1402 W Yakima Ave Yakima, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,410 SF office building on a 0.19‑acre lot; 10 individual offices and four larger meeting or gathering areas; Two kitchens and three bathrooms
