Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1114 Spruce St Yakima, WA 98902-3218
    Back to Search
    Property profile & analytics

    1114 Spruce St, Yakima, WA 98902-3218

    View on Map
    • Medical Office Space
    • 1,705 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Oct 25, 2021
    $150,000
    Property ID
    US90-1147440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maximus Body Piercing Studio / Tattoo & Piercing Shop

    Property Details for 1114 Spruce St

    Year built
    1955
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Zone code
    B1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    181324-34023
    APU
    18132434023

    Sales History

    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 Intrafamily Transfer · 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 $133k · Richard & Louise Marble
    Jun 12, 1989 $54,150 Medical Center Laboratory Unknown Grant Deed —
    — — Steven L Weinman — Deed Of Trust · related $135k · Reeder Paul Trust (tr)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.524
    Latitude
    46.5938
    CBSA code
    49420
    CBSA name
    YAKIMA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $864
    $13,200
    $79,100
    $92,300
    -
    $13,200
    $79,100
    $92,300

    Comparable in this City

    • Value Estimation
      $6,895,000
      44,319 SF

      3003 Tieton Dr

      MEDICAL BUILDING
      3003 Tieton Dr, Yakima, WA 98902-3679
      View Details
    • Value Estimation
      $2,080,000
      13,495 SF

      302 10th Ave

      MEDICAL BUILDING
      302 10th Ave, Yakima, WA 98902-3521
      View Details
    • Value Estimation by Request
      1,163 SF

      206 11th Ave

      MEDICAL BUILDING
      206 11th Ave, Yakima, WA 98902-3205
      View Details
    • Value Estimation
      $10,725,000
      117,962 SF

      210 11th Ave Ste, Unit 42

      MEDICAL BUILDING
      210 11th Ave Ste, Yakima, WA 98902-3221
      View Details
    • Value Estimation by Request
      1,471 SF

      307 12th Ave Ste, Unit 11

      MEDICAL BUILDING
      307 12th Ave Ste, Yakima, WA 98902-3141
      View Details
    • Value Estimation by Request
      1,433 SF

      307 12th Ave Ste, Unit 7

      MEDICAL BUILDING
      307 12th Ave Ste, Yakima, WA 98902-3139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,414 SF

      Medical/Office Building in Medical Center

      Affordable medical/office building in the medical center district.
      401 S 12Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      19,646 SF

      West Yakima Commercial Building

      Flexible commercial building in a desirable west Yakima location.
      2001 W Lincoln Ave, Yakima, WA 98902
      View Details
    • Contact for pricing

      Well-Appointed Office Space Available

      Nicely appointed office space in a desirable west Yakima location.
      603 N 39Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      29,010 SF

      Mixed-Use Building in Downtown Yakima

      Flexible mixed-use commercial building in the heart of downtown Yakima.
      31 N 1St Ave, Yakima, WA 98902
      View Details
    • $2,400,000

      Remodeled Retail Property with Tenant

      Commercial retail property with long-term tenant, remodeled in 2023.
      501 West Lincoln Ave, Yakima, WA 98902
      View Details
    • $450,000

      Corner Lot Ready for Development

      22,823 SF corner lot in the heart of Yakima.
      2312 West Nob Hill Blvd, Yakima, WA 98902
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,430 SF

      Medical Office Space in Yakima

      1,430 SF medical space with 8 rooms for rent.
      2501 Racquet Ln, Yakima, WA 98902
      View Details
    • Contact for pricing

      Medical Office Space with Exam Rooms

      Lease a demised medical suite with numerous exam rooms and private offices in a multi-tenant medical park setting.
      3909 Creekside Loop, Yakima, WA 98902
      View Details
    • Contact for pricing
      2,000 SF

      Medical Office Space Available

      Medical office space for lease in established medical community.
      206 S 11Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing

      West Yakima Office Space Available

      Well-appointed office space in a desirable west Yakima location.
      603 N 39Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      1,819 SF

      Yakima Office Suite For Rent

      1,819 SF office suite in Yakima's medical district.
      315 Holton Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      5,835 SF

      Rainier Square Retail Space

      Retail spaces available at Rainier Square Shopping Center.
      2516-2608 W Nob Hill Blvd, Yakima, WA 98902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1114 Spruce St
    Yakima, WA 98902-3218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1114 Spruce St, Yakima, WA, 98902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!