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Property profile & analytics
OFF-MARKET Estimated value $2,330,000
Office buildings

205 40th Ave Yakima, WA 98908-2949

13,112 SF 0.36 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-0087485
Property summary
AI-generated overview

This exceptional Yakima, WA office building, located at 205 N 40th Ave, presents a unique leasing opportunity. Originally constructed in 1986 and extensively renovated in 2024, this Class B property boasts 12,405 square feet across two stories, situated on a 1.07-acre lot (APN: 182322-13435, 13465, 13434). The building is zoned SCC and features multiple tenancy options, with spaces ranging from 2,300 to 5,645 contiguous square feet available. Amenities include elevators and ample parking with convenient north and south access points, including a double drive-thru, ideal for high traffic flow. The property benefits from a high-visibility corner location on a major thoroughfare, experiencing over 50,000 vehicles daily, providing excellent exposure and accessibility. Its adaptable design, suitable for both traditional and creative office uses, makes it an attractive option for a variety of businesses. This prime location offers easy access to numerous shops and services, creating a convenient and desirable work environment. Don't miss this chance to secure your business's future in this thriving Yakima location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction WOOD
Total area 13,112 SF
Lot 0.36 ac (15,682 SF)
Zoning code SCC
APN 181322-13435
UPID US90-0087485
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
  • Thompson Tamara ARNP Physician
  • Robert M. Newell, Ph.D. Physician Medical Clinic
  • Kimel Law Offices Law Firm Financial Advisor
  • Robert G Velikanje Law Office Law Firm
  • The Middle Way Counseling Clinic Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.71M
CAP Approach CAP
$2.29M
Comparable Approach Comparable
$2.43M
Blend (final) Blend
$2.33M
Owner & transaction history
Westpark East LLC · 4 yrs held
Westpark East LLC
since 2022
Last sale
$2.3M
7 recorded transactions
2022
$2.3M
2018
Price N/A
2018
Price N/A
2004
Price N/A
2004
$2.2M
2004
Price N/A
1997
Price N/A
Zoning & alternative use
SCC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose and intent of the small convenience center district is to: Provide areas for commercial activities outside the downtown commercial district that meet community retail shopping and service needs.

Zone name Small Convenience Center District
General category COMMERCIAL
Zone area 309.25 ac
Source Realmo
Top alternative use upside
Commercial (general) $3.9M +58.1%
Medical building $2.5M +3.9%
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