Medical Office Suite with Exam
For Sale
Contact for pricing
3804 Kern Way, Yakima, WA 98902
Triple-net office/medical suite includes reception, waiting, six exam rooms, private office, three restrooms, and storage.
Property Size2,904 SF
Price / SF$0.01
Days on Market228
Property Features for 3804 Kern Way
General Information
Standard status
Active
Size
2,904 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,226
Listing Agency:
John L Scott Yakima
(509) 966-9900
Listed By:
Mike Abrams · License #WA 75950
(509) 949-1389
Source:
Exprealty
Added: Mar 10
Changed: Oct 14
Last Checked: Oct 20 at 11:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L Scott Yakima
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Investment Insights
Based on property information with market context.
This 2,904 SF office/medical suite is offered for sale under a triple-net (NNN) lease structure with CAM charges of $5.50 per square foot. The interior layout includes a welcoming reception and waiting area, six exam rooms (four fully enclosed), a private office, and three restrooms. Additional improvements include a storage room with a sink and several smaller storage areas throughout the suite.
The suite is located near the busy North 40th Avenue commercial corridor and is just minutes from U.S. Route 12, supporting convenient access for both clients and staff.
The space will be available April 15, 2026, making it suitable for medical or professional office users planning for a mid-spring move-in.
The suite is located near the busy North 40th Avenue commercial corridor and is just minutes from U.S. Route 12, supporting convenient access for both clients and staff.
The space will be available April 15, 2026, making it suitable for medical or professional office users planning for a mid-spring move-in.
Key Highlights
- 2,904 SF office/medical suite with reception and waiting area plus a private office
- Six exam rooms total, including four fully enclosed exam rooms
- Three restrooms in the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,240
$618.2K
Cap Rate 7%
$441,600
$441.6K
Cap Rate 9%
$343,467
$343.5K
Market Conditions
NOI Build-Up for 2,904 SF
Gross rent
$44.3K $15.24/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$41.2K $14.19/SF
− OpEx
−$10.3K −$3.55/SF
NOI
$30.9K $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%
$618,240
Cap Rate 7%
$441,600
Cap Rate 9%
$343,467
Alternative Uses
Best Use
Healthcare Medical
$442.3K
$387.0K – $516.0K
NOI $30,961 @ 7.0% cap · market cap 147,433.33%
Second Best
Office B
$441.6K
$386.4K – $515.2K
NOI $30,912 @ 7.0% cap · market cap 147,200.00%
Theoretical Best
Office A
$589.7K
$516.0K – $688.0K
NOI $41,281 @ 7.0% cap · market cap 196,576.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Under-served
Demand for This Use
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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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Triple-net office/medical suite includes reception, waiting, six exam rooms, private office, three restrooms, and storage.
Where is this medical office space located?
The property is located at 3804 Kern Way Yakima, WA.
What are key features of this property?
This property features: 2,904 SF office/medical suite with reception and waiting area plus a private office; Six exam rooms total, including four fully enclosed exam rooms; Three restrooms in the suite
