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Property profile & analytics
OFF-MARKET
Office Spaces

2 1St Ave Yakima, WA 98902

14,750 SF 1.16 ac lot Built 1927
Property ID
Property summary
AI-generated overview

This exceptional 1,594 square foot office space is located on the second floor of a historic building at 2 S 1st Ave, Yakima, WA 98902. Overlooking Yakima Ave, this single-tenant space boasts a prime location in the Central Business District (CBD), zoned accordingly. Built in 1927, this Class B building offers a unique blend of historical charm and modern functionality. The suite features a reception area, four private offices, and a spacious conference room. Original wood trim and molding, along with abundant natural light from leaded windows, create a sophisticated and inviting atmosphere. The 14,750 square foot building sits on 1.16 acres and is a two-story structure without elevators. The lease is a full-service gross lease, encompassing utilities (excluding phone, data, and interior maintenance). While the advertised rate is full-service gross, a comparable triple-net (NNN) lease would approximate $9.50 per square foot annually. The property's APN is 181324-14427, and it's situated in Yakima County. This is a rare opportunity to secure highly visible, below-market-rate office space in a desirable downtown location.

Property profile
Verified
Property type Office Spaces
Year built 1927
Total area 14,750 SF
Lot 1.16 ac (50,530 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Law Offices of Megan K. Murphy, PLLC Law Firm
  • AOR International Corporate Office
  • Lauren A. Ellis, Family Attorney PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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