Medical Office
For Sale
$349,900
781 Roza Dr, Zillah, WA 98953
Medical office building with shared well and septic service.
Property Size2,400 SF
Lot Size2.61 Acres
Price / SF$145.79
Days on Market338
Property Features for 781 Roza Dr
General Information
Standard status
Active
Size
2,400 SF
Lot size
2.61 Acres
Property subtype
General Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,510
Amenities
3
1-25 Spaces.
2.609999895095825
Building Details
Year Built
1970
Buildings
1
Listing Agency:
John L Scott Yakima
(509) 952-1726
Listed By:
Josh DeBoer · License #23286
(509) 952-1726
Source:
Xome
Added: Sep 28, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:42PM
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 John L Scott Yakima
Investment Insights
Based on property information with market context.
This medical office property includes a building constructed in 1970 on a 2.61-acre site. The property is served by a shared well and septic system, providing established water and wastewater infrastructure for the existing medical office use.
Located at 781 Roza Dr in Zillah, Washington, the property sits next to the city limits and includes 1–25 parking spaces. The site combines an existing medical office building with a substantial acreage component.
Located at 781 Roza Dr in Zillah, Washington, the property sits next to the city limits and includes 1–25 parking spaces. The site combines an existing medical office building with a substantial acreage component.
Key Highlights
- 2.61‑acre medical office property
- Building constructed in 1970
- Shared well and septic service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,588
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,760
$511.8K
Cap Rate 7%
$365,543
$365.5K
Cap Rate 9%
$284,311
$284.3K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$45.8K $19.08/SF
− Vacancy
−$3.1K −$1.31/SF
EGI
$42.6K $17.77/SF
− OpEx
−$17.1K −$7.11/SF
NOI
$25.6K $10.66/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,760
Cap Rate 7%
$365,543
Cap Rate 9%
$284,311
Alternative Uses
Best Use
Healthcare Medical
$365.5K
$319.9K – $426.5K
NOI $25,588 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$365.0K
$319.3K – $425.8K
NOI $25,547 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$487.4K
$426.5K – $568.6K
NOI $34,117 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98953, WA
6,841
Population
2,343
Households
2.9
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
60.6 sq mi
ZIP Area
113
Density / Sq Mi
$82,689
Median Household Income
$38,512
Median Earnings
$1,160
Median Rent
$362,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Zillah Veterinary Clinic — 90 Cheyne Rd, Zillah, WA 98953
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with shared well and septic service.
Where is this medical office space located?
The property is located at 781 Roza Dr Zillah, WA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2.61‑acre medical office property; Building constructed in 1970; Shared well and septic service
