Single-Level Office
405 S 3rd St Yakima, WA 98901
405 S 3rd St, Yakima, WA, 98901
$285,000
For Sale
$285,000
Single-level office building includes front and back parking, offering practical space for owner-occupants or rental.
Property Size2,300 SF
Price / SF$123.91
Days on Market442
Property Features for 405 S 3rd St
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1973
Listing agency
(509) 952-7147
Listed by
Home Source Of Yakima
(509) 952-7147
Source
Xome
Added: May 7, 2025 Updated: Jul 22 at 12:42PM Checked: Jul 22 at 12:42PM
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 Home Source Of Yakima
Investment Insights
Based on property information with market context.
This for-sale office building is a single-level property with approximately 2,300 square feet of space. The layout is suited to office use and includes parking at both the front and the back of the building.
The property is located near downtown Yakima, providing a convenient setting for day-to-day business operations. Parking access from both sides can support staff and client arrivals.
With its straightforward, single-level design and dedicated parking areas, the building can be considered for either an existing business use or rental potential, depending on the buyer’s objectives.
The property is located near downtown Yakima, providing a convenient setting for day-to-day business operations. Parking access from both sides can support staff and client arrivals.
With its straightforward, single-level design and dedicated parking areas, the building can be considered for either an existing business use or rental potential, depending on the buyer’s objectives.
Key Highlights
- Single‑level 2,300 SF office building
- Front and back parking included
- Central air cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $15.24 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $32.6k | $14.19 |
| − OpEx | −$8.2k | −$3.55 |
| NOI | $24.5k | $10.64 |
2,300 SF · lease $15.24/SF/yr · vacancy 6.87% · expense 25.00%
Alternative Uses
Best Use
Office B
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$467.1K
$408.7K – $544.9K
NOI $32,695 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Healthy Habitat 360
Home Appliance Store
Pure Home 365 ...
General Contractor
Home Care Distributing
Hardware & Home Improvement
Kirby of Yakima
Factory
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FAQs
What type of property is this?
Office building - Single-level office building includes front and back parking, offering practical space for owner-occupants or rental.
Where is this office building located?
The property is located at 405 S 3rd St Yakima, WA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Single‑level 2,300 SF office building; Front and back parking included; Central air cooling
