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    Yakima, WA
    Medical Premises

    Yakima, WA Medical Office Space for Sale

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    Built-Out Medical Office Building
    Updated: May 19
    Built-Out Medical Office Building

    504 N 40th Ave, Yakima, WA 98908

    $2,800,000
    13,762 sqft 1.13 AC lot
    18,591 sq. ft. built‑out medical facility leased to MultiCare Hospital through March 2027
    Includes 12,083 sq. ft. finished ground floor plus 2,730 sq. ft. finished basement and 3,778 sq. ft. unfinished basement
    27 exam rooms, private lab, 2 procedure rooms, 7 private offices, breakroom, conference room, and gym
    Zoned B‑1 on 1.31 acres, allowing multiple uses
    Metal roof and fully sprinkled interior; reserved space for a future basement elevator
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    This listing looks promising.

    Here's a quick look at some key insights for

    504 N 40th Ave, Yakima, WA 98908

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    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $147K
      Annual

    • Price @ 7% Cap

      $2.1M
      Suggested

    • Last Sold

      Mar 2015
      $1.32M

    • Property Type

      Medical Building
      Built 1993
    View Property Analytics
    Office Building with Elevator
    Updated: Jun 8
    Office Building with Elevator

    303 S 12th Ave, Yakima, WA 98902

    $649,000
    6,332 sqft 0.29 AC lot
    4,082 SF main level plus 2,250 SF second floor; 3,232 SF basement included at no additional value
    Private rear access to the second floor for flexible use—operate on the first floor and lease the second floor
    Accessible elevator installed for ADA/patient access throughout the building
    Purpose‑built audio testing rooms on the main level plus seven observation rooms for adaptable private office/consult/exam space
    Fire sprinkler system and central air with heat pump heating
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    Medical Office Building
    Medical Office Building

    303 S 12th Ave, Yakima, WA 98902

    $649,000
    6,332 sqft

    Remodeled office building with private rear access to the second floor and an elevator for improved accessibility.

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    Medical Office Building with Excess Land
    Medical Office Building with Excess Land

    1608 S 24th Ave, Yakima, WA 98902

    $2,000,000
    14,456 sqft

    Double net leased medical office building with RPM Rehab, cell tower lease, and excess development land fronting S 24th Ave.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Yakima Medical Facility For Sale
    Yakima Medical Facility For Sale

    504 North 40th Avenue, Yakima, WA 98908

    Contact for pricing
    18,591 sqft 1.31 AC lot

    Well-equipped medical facility leased to MultiCare Hospital until March 2027.

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    Medical Office Suite with Exam Rooms
    Medical Office Suite with Exam Rooms

    3804 Kern Way, Yakima, WA 98902

    Contact for pricing
    2,904 sqft

    Triple-net office/medical suite includes reception, waiting, six exam rooms, private office, three restrooms, and storage.

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    Medical/Office Building in Medical Center
    Medical/Office Building in Medical Center

    401 S 12th Ave, Yakima, WA 98902

    Contact for pricing
    10,414 sqft

    Affordable medical/office building in the medical center district.

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    One-Story Medical Office Building
    One-Story Medical Office Building

    412 S 12th Ave, Yakima, WA 98902

    $318,950

    Single-story building offers abundant on-site parking and is currently split into two independent office spaces.

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    Built-Out Family Medicine Facility
    Built-Out Family Medicine Facility

    504 N 40th Ave, Yakima, WA 98908

    Contact for pricing
    13,762 sqft 1.31 AC lot

    A fully sprinklered medical building with 27 exam rooms and 70 designated parking spaces, currently leased through March 2027.

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    Two-Story Office Building
    Two-Story Office Building

    513 N Front St, Yakima, WA 98901

    Contact for pricing
    14,000 sqft

    Two-story office building with approximately eight month-to-month tenants and recent fire damage.

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    Versatile Multi-Phase Office Building
    Versatile Multi-Phase Office Building

    114 N 4th St, Yakima, WA 98901

    Contact for pricing

    Purpose-built office building in downtown Yakima with zoning flexibility under the Central Business District.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Yakima, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Tenant Office Building
    Multi-Tenant Office Building

    2201 E Edison Ave, Sunnyside, WA 98944

    $750,000
    10,000 sqft 0.98 AC lot

    A 10,000 SF office building with four spaces, including leased and vacant areas, on a large L-shaped lot.

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    Second-Floor Medical Office Suite
    Second-Floor Medical Office Suite

    969 Stevens Dr, Richland, WA 99352

    Contact for pricing
    0.53 AC lot

    Suite 2C features two offices and a conference room, with flooring replaced in 2023.

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    First-Floor Medical Office Suite
    First-Floor Medical Office Suite

    969 Stevens Drive, Richland, WA 99352

    Contact for pricing
    0.53 AC lot

    Suite 1C includes exam rooms, dedicated lab space, and private offices for medical and professional use.

    View details
    Sunnyside Commercial Building For Sale
    Sunnyside Commercial Building For Sale

    445 Barnard Blvd, Sunnyside, WA

    Contact for pricing
    5,040 sqft 1.40 AC lot

    5,040 SF commercial building in Sunnyside's commercial district.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with C-1 Zoning
    Commercial Land with C-1 Zoning

    SW Bel Air Dr, Clatskanie, OR 97016

    $149,000

    Level C-1 lot with city utilities at the street, well suited for multiplex and mixed-use development.

    View details
    Highway 41 Commercial Land Opportunity
    Highway 41 Commercial Land Opportunity

    4184 East Bogie Drive, Post Falls, ID 83854

    $958,320
    43,560 sqft 8.12 AC lot

    Commercial land for sale in a high-growth area.

    View details
    Commercial Land in Growing District
    Commercial Land in Growing District

    Lot 3 West Lancaster Road, Rathdrum, ID 83858

    $871,200
    43,560 sqft 1.00 AC lot

    Commercial land suitable for various business operations in a developing area.

    View details
    Prime Mixed-Use Land Available
    Prime Mixed-Use Land Available

    Marcola Rd, Springfield, OR 97477

    $1,190,000
    1.17 AC lot

    1.17 acre mixed-use property, ready to build.

    View details

    Off-Market Properties in Yakima, WA

    Consider similar Off-Market properties in Yakima, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3802 Tieton Dr
    MEDICAL BUILDING

    3802 Tieton Dr, Yakima, WA 98902-3666

    Value Estimation by Request
    3,183 sqft 0.29 AC lot
    View details
    1015 40th Ave Ste, Unit 14
    MEDICAL BUILDING

    1015 40th Ave Ste, Yakima, WA 98908-3867

    Unit 14
    Value Estimation by Request
    2,100 sqft 0.05 AC lot
    View details
    1015 40th Ave, Unit 12
    MEDICAL BUILDING

    1015 40th Ave, Yakima, WA 98908-3806

    Unit 12
    Value Estimation by Request
    855 sqft 0.02 AC lot
    View details
    303 12th Ave
    MEDICAL BUILDING

    303 12th Ave, Yakima, WA 98902-3112

    Value Estimation by Request
    6,332 sqft 0.29 AC lot
    View details
    1015 40th Ave
    MEDICAL BUILDING

    1015 40th Ave, Yakima, WA 98908-3806

    Value Estimation by Request
    977 sqft 0.02 AC lot
    View details
    1015 40th Ave
    MEDICAL BUILDING

    1015 40th Ave, Yakima, WA 98908-3806

    Value Estimation by Request
    1,445 sqft 0.03 AC lot
    View details
    1111 Spruce St Ste, Unit 30
    MEDICAL BUILDING

    1111 Spruce St Ste, Yakima, WA 98902-3264

    Unit 30
    Value Estimation by Request
    1,981 sqft 0.05 AC lot
    View details
    1015 40th Ave
    MEDICAL BUILDING

    1015 40th Ave, Yakima, WA 98908-3806

    Value Estimation by Request
    750 sqft 0.02 AC lot
    View details
    11 11th Ave Ste, Unit 101
    MEDICAL BUILDING

    11 11th Ave Ste, Yakima, WA 98902-3085

    Unit 101
    Value Estimation by Request
    792 sqft 0.02 AC lot
    View details
    2906 Nob Hl Blvd
    MEDICAL BUILDING

    2906 Nob Hl Blvd, Yakima, WA 98902-4953

    $750,000
    Estimated value
    7,285 sqft 0.37 AC lot
    View details
    3808 Tieton Dr
    MEDICAL BUILDING

    3808 Tieton Dr, Yakima, WA 98902-3691

    Value Estimation by Request
    2,236 sqft 0.16 AC lot
    View details
    4205 Castlevale Rd
    MEDICAL BUILDING

    4205 Castlevale Rd, Yakima, WA 98908-5603

    $2,370,000
    Estimated value
    9,583 sqft 1.08 AC lot
    View details
    116 11th Ave
    MEDICAL BUILDING

    116 11th Ave, Yakima, WA 98902-3204

    Value Estimation by Request
    2,946 sqft 0.32 AC lot
    View details

    Yakima, WA Medical Office Space Market Trends and Statistics

    Explore 72 medical office space for sale in Yakima, WA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 100,553 square feet of properties for sale, with an estimated market value of $6,416,950.

    Sale prices for medical spaces in Yakima, WA start at $318,950, averaging $1,283,390, and reaching up to $2,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 28
    Medical Office Space 13
    Office buildings 13
    Creative space 1

    Demographics Overview

    Population 134K
    Population Growth (5Y) +8.2%
    Median Household Income $66,183
    College Educated 16.6%

    High-Yield Neighborhoods for Investment

    Identify Yakima submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98902 $1.1M
    98908 $2.9M

    Taxes & Financing

    Tax Rate (average for all types) 0.74%
    Property Tax per SF $11.93 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Yakima County

    New Delisted

    Total CRE Inventory on Market (SF)

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    • 98901

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