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    1005 Walnut St Yakima, WA 98902

    Sponsored
    For Lease
    $19 SF/Yr

    Class A Office Space, Yakima, WA

    Lot size:
    75,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, located at 1005 W Walnut St, Yakima, WA 98902, offers a unique leasing opportunity. The property, totaling 75,376 square feet, sits on a 4.52-acre lot and features a single, three-story building constructed in 1994 and extensively renovated in 2022. The building boasts modern amenities including elevators and is zoned B-1. Multiple tenancy options are available, ranging from 3,267 to 6,962 square feet of traditionally configured space, ideally suited for medical practices or general office use. Situated in Yakima's thriving medical submarket, this property benefits from its prime location near 11th Ave and its proximity to other medical facilities. The building's recent acquisition and comprehensive renovation have resulted in a revitalized space with a dynamic tenant mix, including a prominent orthopedic group and a state-of-the-art outpatient surgery center featuring three operating rooms. This presents a rare chance to secure space in a high-demand, well-maintained building within a vibrant medical community. The property's APN is 181343-31416 & 31468 - 31477. This is an excellent opportunity for businesses seeking a prestigious and functional office space in a desirable location.

    Property Features for 1005 Walnut St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,376 SF
    Class
    A
    Total Rate
    119345.33

    Building Details

    Year Built/Renovated
    1994/2022
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 201
    Size
    3,334 SF
    Rate per SF
    $19
    Space
    Suite 205
    Size
    3,307 SF
    Rate per SF
    $19
    Space
    Suite 203
    Size
    3,267 SF
    Rate per SF
    $19
    Space
    Suite 210
    Size
    6,962 SF
    Rate per SF
    $19

    HighLights

    • 75,376 SF Class A medical office building on a 4.52‑acre lot in Yakima, WA.
    • 77% occupied by MultiCare Health Systems (orthopedic clinic & surgery center).
    • Recently renovated with new roof, parking lots, HVAC, façade, and common areas.
    • Ample parking exceeding city requirements; potential for secured underground parking.
    • On‑site storage available.
    • Some use restrictions apply; contact broker for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Central Valley Vascular ... Heart Hospital Dr. Michael J. ... Otolaryngologist Thomas J. Pulliam, ... Gastroenterologist Anatole Kim, MD, ... Cardiologist David Musser, MD Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.5224421
    Latitude
    46.5961826

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    FAQs

    What type of property is this?
    Medical office - Class A Office Space, Yakima, WA
    Where is this medical office located?
    The property is located at 1005 Walnut St Yakima, WA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 75,376 SF Class A medical office building on a 4.52-acre lot in Yakima, WA.; 77% occupied by MultiCare Health Systems (orthopedic clinic & surgery center).; Recently renovated with new roof, parking lots, HVAC, façade, and common areas.
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    Yakima, WA 98902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1005 Walnut St Yakima, WA 98902
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