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    1731 S 1St St Yakima, WA 98901

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    1731 S 1St St Yakima, WA 98901

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    • Retail space
    • 14,168 SF
    • 1.02 lot acres
    For Lease
    $1,975,000
    View Listing →
    Yakima Land For Rent For Lease
    $1,975,000

    Yakima Land For Rent

    Land available for rent in Yakima, Washington.

    1731 S 1st St, Yakima, WA
    View Listing
    Property ID
    US90-1580993
    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
    $1,975,000
    Cap Rate Potential
    7.1%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • A-Pro Home Inspection Yakima / Home Inspector / Commercial Real Estate Inspector
    • We Fix It Phone Repair / Computer & Electronic Repair / Tech Support Center
    • Batteries Plus / Auto Parts Store
    • Little Big Kids Pediatric Dentistry Yakima / Dental Office
    • FREE Rapid & PCR Testing Yakima / Medical Laboratory

    Property Details for 1731 S 1St St

    Year built
    1991
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.02 lot acres
    Property size
    14,168 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    191330-44461
    APU
    19133044461

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,015,000
      ML approach
      $2,095,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,395,000
      6.5%
      $2,210,000
      7%
      $2,050,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,303,000
      Market price range: $734k - $2.97M
      AI Estimate
      $1,593,000
      Market price range: $500k - $2.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,630,000
      Current use
      OFFICE BUILDING
      $2,745,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $2,745,000
      Change: +68% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,305,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,805,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.492
    Latitude
    46.5787
    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
    $13,520
    $359,650
    $1,144,600
    $1,504,250
    -
    $359,650
    $1,144,600
    $1,504,250

    Comparable in this City

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      $1,890,000
      11,016 SF

      29 Channel Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,016 SF
      29 Channel Dr, Yakima, WA 98901-4343
      View Details
    • Value Estimation
      $2,115,000
      14,338 SF

      105 Hillcrest Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,338 SF
      105 Hillcrest Dr, Yakima, WA 98901
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    • Value Estimation by Request
      1,519 SF

      802 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 1,519 SF
      802 Adams St, Yakima, WA 98901-3333
      View Details
    • Value Estimation by Request
      1,763 SF

      602 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 1,763 SF
      602 3rd St, Yakima, WA 98901-3222
      View Details
    • Value Estimation
      $1,050,000
      7,000 SF

      1401 1st St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      1401 1st St, Yakima, WA 98901-3541
      View Details
    • Value Estimation
      $750,000
      8,900 SF

      1606 1st St

      RETAIL STORES (PERSONAL SERVICES) • 8,900 SF
      1606 1st St, Yakima, WA 98901-1729
      View Details

    Similar Nearby for Sale

    • $207,920
      4,931 SF

      Downtown Yakima Retail/Office Opportunity

      Spacious open concept space in growing downtown Yakima.
      17 N 3Rd St, Yakima, WA 98901
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      Yakima, WA Business Opportunity

      Commercial property in Yakima, WA for sale.
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      Retail Space in Yakima, WA

      Retail property for sale in Yakima, Washington's central business district.
      17 N 3Rd St, Yakima, WA 98901
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    • Contact for pricing
      6.00 Acres

      Retail Opportunity in Yakima, WA

      Retail property for sale in Yakima, Washington.
      128 N Fair Ave, Yakima, WA 98901
      View Details
    • $119,993
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      Retail Space in Yakima, WA

      Retail property for sale in Yakima, Washington.
      17 N 3Rd St, Yakima, WA 98901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fiesta Plaza Retail/Office/Medical Space

      1,453 SF space suitable for retail, office, or medical.
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      Retail Space Near Interstate 82

      Retail spaces available inside new 9 North Apartments.
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      Downtown Yakima Commercial Space

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      Revitalized Liberty Building Office Space

      Lease space in downtown Yakima's vibrant Liberty Building.
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      15,000 SF

      Mixed-Use Venue Space Available

      Versatile spaces for office, entertainment, dining, and fitness.
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      Target-Anchored Shopping Center Retail Space

      Retail space in busy, well-located Yakima shopping center.
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      View Details
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    Yakima, WA 98901
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    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
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