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    205 40th Ave Yakima, WA 98908-2949
    Property profile & analytics

    205 40th Ave Yakima, WA 98908-2949


    • Office buildings
    • 13,112 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Jul 28, 2022
    $2,300,000
    Property ID
    US90-0087485
    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
    $2,330,000
    Show details
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence

    Current Use by 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

    Property Details for 205 40th Ave

    Year built
    1986
    Construction
    WOOD
    Lot size
    0.36 lot acres
    Property size
    13,112 SF
    Zone code
    SCC
    Property type
    Office buildings
    APN
    181322-13435
    APU
    18132213435

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,715,000
      ML approach
      $2,705,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $2,480,000
      6.5%
      $2,290,000
      7%
      $2,125,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,428,000
      Market price range: $901k - $3.97M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,445,000
      Current use
      COMMERCIAL (GENERAL)
      $3,865,000
      Change: +58% Conversion: Easy
      MEDICAL BUILDING
      $2,540,000
      Change: +4% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,135,000
      Change: -13% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.562
    Latitude
    46.6004
    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
    $19,126
    $158,400
    $2,074,000
    $2,232,400
    -
    $158,400
    $2,074,000
    $2,232,400
    More about this property
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