Leased Office Building with
801 N 39th Ave Yakima, WA 98902
For Sale
$2,500,000
Well-maintained office building fully leased to a financial institution through February 2029.
Property Size9,100 SF
Price / SF$274.73
Days on Market77
Property Features for 801 N 39th Ave
General Information
Standard status
Active
Size
9,100 SF
Listing Agency:
John L Scott Yakima
(509) 571-0988
Listed By:
Quincey Abrams
(509) 571-0988
Source:
Exprealty
Added: May 15
Changed: Jul 10
Last Checked: Jul 29 at 12:24PM
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
Investment Insights
Based on property information with market context.
The property is a well-maintained office building with approximately 7,200 SF on the main level and about 1,900 SF in the basement/lower level. The main floor features a walk-in reception area, 18 private offices, a spacious conference room, and a large storage/supply/copy room. The lower-level area provides additional space that can support operational needs and storage.
The building is located at 801 N. 39th Avenue in Yakima, Washington. It is fully leased to a financial institution through February 2029, with automatic 3% annual rent increases. CAM estimates are listed at $5.55 per SF.
For a tenant or buyer seeking an office facility with a proven, office-focused layout, the combination of multiple private offices, a dedicated conference room, and dedicated support space for supplies and copying can help streamline day-to-day operations. The in-place lease provides continued occupancy through the lease term, while the split between main and lower-level space allows for functional separation between front-office and back-office needs.
The building is located at 801 N. 39th Avenue in Yakima, Washington. It is fully leased to a financial institution through February 2029, with automatic 3% annual rent increases. CAM estimates are listed at $5.55 per SF.
For a tenant or buyer seeking an office facility with a proven, office-focused layout, the combination of multiple private offices, a dedicated conference room, and dedicated support space for supplies and copying can help streamline day-to-day operations. The in-place lease provides continued occupancy through the lease term, while the split between main and lower-level space allows for functional separation between front-office and back-office needs.
Key Highlights
- 9,100 SF office building at 801 N. 39th Avenue, Yakima, Washington, fully leased to a financial institution through February 2029
- Main level totals 7,200 SF with walk‑in reception, 18 private offices, conference room, and storage/supply/copy room
- Additional approximately 1,900 SF of basement/lower‑level space
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 | $138.7k | $15.24 |
| − Vacancy | −$9.5k | −$1.05 |
| EGI | $129.2k | $14.19 |
| − OpEx | −$32.3k | −$3.55 |
| NOI | $96.9k | $10.64 |
9,100 SF · lease $15.24/SF/yr · vacancy 6.87% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,867 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,360 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building fully leased to a financial institution through February 2029.
Where is this office building located?
The property is located at 801 N 39th Ave Yakima, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,100 SF office building at 801 N. 39th Avenue, Yakima, Washington, fully leased to a financial institution through February 2029; Main level totals 7,200 SF with walk‑in reception, 18 private offices, conference room, and storage/supply/copy room; Additional approximately 1,900 SF of basement/lower‑level space
