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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
222 2nd St Grandview, WA 98930-1342
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1565454
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
WOOD
Total area
4,298 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C2
APN
230923-13408
UPID
US90-1565454
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
-
Severiano Manuel, FNP Physician
-
April R. Biggs, MD - Family Medicine, Obstetrics Pediatrician Physician
-
Astria Health Center - Grandview Medical Clinic
-
Dr. Derek S. Weaver, DO Pediatrician Physician
-
Nekol Hatley, PMHNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$550k
Owner & transaction history
Sunnyside Community Hosp Assn · 20 yrs held
Sunnyside Community Hosp Assn
since 2005
7 recorded transactions
Zoning & alternative use
C2 · Grandview, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+3.4%
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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$720,000
Current use
OFFICE BUILDING
$745,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$128 / 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
$4,998
Tax year 2024
Assessed value
$580,600
Assessed 2024
Previous assessed
$562,900
+3.1% YoY
Effective rate
0.86%
On assessed value
Assessed land
$20,200
Assessed improvement
$560,400
Land market value
$20,200
Improvement market value
$560,400
Total market value
$580,600
Applied tax rate
440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
4,298 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C2
APN
230923-13408
UPID
US90-1565454
Jurisdiction
YAKIMA
Zoning & alternative use
C2 · Grandview, WA
Zoning C2 · permitted uses
C2 · Grandview, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grandview. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$745,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Sunnyside Community Hosp Assn
Individual
Mailing address
PO BOX 719, SUNNYSIDE, WA 98944-0719
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2019
—
Kitchen & Bath Furnishings LLC
—
Loan Modification
related
$10,000,000 · Lapis Advisers LP
Jan 22, 2019
—
Kitchen & Bath Furnishings LLC
—
Grant Deed
related
$12,000,000 · Lapis Advisers LP
Nov 30, 2017
—
Kitchen & Bath Furnishings LLC
—
Loan Modification
related
$35,400,000 · Private Individual
Aug 31, 2017
—
Kitchen & Bath Furnishings LLC
—
Grant Deed
related
$35,400,000 · Lapis Advisers LP
Dec 30, 2005
—
Sunnyside Community Hosp Assn
Birch Street Medical Center Ll
Warranty Deed
—
Feb 16, 1999
$550,000
Birch Street Medical Center Ll
Sonnichsen,ben W & Norma
Grant Deed
—
Jan 14, 1999
$20,145
Ben W Sonnichsen
Macy,john A & Karen F
Quit Claim Deed
related
—
Sep 29, 1990
$188,400
John Macy
Unknown
Grant Deed
—
—
—
Birch Street Medical Center
—
Deed Of Trust
related
$385,000 · Seafirst Bank
—
—
Sunnyside Cmnty Hospital Assn
—
Deed Of Trust
related
$75,000,000 · Multicare Health System
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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