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Property profile & analytics
OFF-MARKET
Estimated value
$4,930,000
Medical Office Space
1211 16th Ave Yakima, WA 98902-1347
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0958909
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,360 SF
Lot
2.73 ac (118,919 SF)
Zoning code
LCC
APN
181313-22405
UPID
US90-0958909
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
-
Dr. Roy Pierson Physician
-
Tina Flores Physician
-
Dr. James J. Haven, MD Physician
-
Dr. Gene L. Griffiths, MD Physician
-
Dr. Raymond P. Snyder, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$5.11M
Blend (final)
Blend
$4.93M
Owner & transaction history
Valley Mem Hosp Assn Yakima · 21 yrs held
Valley Mem Hosp Assn Yakima
since 2005
3 recorded transactions
Zoning & alternative use
LCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.5M
+157.6%
Industrial (general)
$4.1M
+42.4%
Office building
$3.4M
+16.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,505,000
6.5%
$4,160,000
7%
$3,865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,475,000
Change: +158% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,130,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$3,385,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,225,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,095,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$4.93M
Range $4.44M – $5.42M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
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
$54,686
Tax year 2024
Assessed value
$6,248,700
Assessed 2024
Previous assessed
$5,695,900
+9.7% YoY
Effective rate
0.88%
On assessed value
Assessed land
$951,400
Assessed improvement
$5,297,300
Land market value
$951,400
Improvement market value
$5,297,300
Total market value
$6,248,700
Applied tax rate
335.0000
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
25,360 SF
Lot
2.73 ac (118,919 SF)
Zoning code
LCC
APN
181313-22405
UPID
US90-0958909
Jurisdiction
YAKIMA
Zoning & alternative use
LCC · Yakima, WA
Zoning LCC · permitted uses
LCC · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.5M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
Valley Mem Hosp Assn Yakima
Individual
Mailing address
2811 TIETON DR, YAKIMA, WA 98902-3761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2005
$5,108,000
Valley Mem Hosp Assn Yakima
Yakima Regional Cancer Center
Warranty Deed
$510,800 · Yakima Regional Cancer Center
Feb 26, 1999
—
Yakima Regional Cancer Center
Internal Medicine
Grant Deed
related
—
—
—
Valley Mem Hosp Assn Yakima
—
Deed Of Trust
related
$4,564,451 · Us Bank NA
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.
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