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Property profile & analytics
OFF-MARKET
Medical Office Space
1114 Spruce St Yakima, WA 98902-3218
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-1042657
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
648 SF
Lot
0.03 ac (1,307 SF)
Zoning code
B1
APN
181324-34022
UPID
US90-1042657
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
-
Maximus Body Piercing Studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ilda Ochoa · 4 yrs held
Ilda Ochoa
since 2021
Last sale
$150,000
7 recorded transactions
Zoning & alternative use
B1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Yakima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yakima submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$436
Tax year 2024
Assessed value
$41,600
Assessed 2024
Previous assessed
$41,700
-0.2% YoY
Effective rate
1.05%
On assessed value
Assessed land
$6,800
Assessed improvement
$34,800
Land market value
$6,800
Improvement market value
$34,800
Total market value
$41,600
Applied tax rate
333.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
648 SF
Lot
0.03 ac (1,307 SF)
Zoning code
B1
APN
181324-34022
UPID
US90-1042657
Jurisdiction
YAKIMA
Zoning & alternative use
B1 · Yakima, WA
Zoning B1 · permitted uses
B1 · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Ilda Ochoa
Individual
Free & Clear · 4 yrs held
Mailing address
7111 LINDGREN DR, YAKIMA, WA 98908-1835
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
$150,000
Ilda Ochoa
Brian P Reeder
Warranty Deed
—
Oct 25, 2021
—
Ilda Ochoa
Arturo Ochoa
Deed
related
—
May 11, 2021
—
Debra Jean Weinman
Debra Jean Weinman
Intrafamily Transfer
related
—
Apr 11, 2008
$210,000
Brian P Reeder
Hodge,alex B & Elizabeth L
Warranty Deed
—
Feb 18, 2003
$137,500
Alex B Hodge
Jund-eglin LLC
Grant Deed
$133,000 · Richard & Louise Marble
May 25, 1999
$58,000
Jundt Eglin LLC
Pathology Associates Medical
Grant Deed
—
Jun 12, 1989
$27,050
Medical Center Laboratory
Unknown
Grant Deed
—
—
—
Steven L Weinman
—
Deed Of Trust
related
$135,000 · Reeder Paul Trust (tr)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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