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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Medical Office Space
2501 Business Ln Yakima, WA 98901-1167
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1781505
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
WOOD
Total area
7,977 SF
Lot
1.66 ac (72,310 SF)
Zoning code
M1
APN
191316-33402
UPID
US90-1781505
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
-
Terrace Heights Family Physicians: Warkenthien Kurt J MD Pediatrician Physician
-
Stewart Kathleen A Employment Agency
-
Capp Juliet Medical Clinic
-
Daniel Cox Pediatrician Physician
-
Steven Cohen, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.19M
Owner & transaction history
Yakima Nieghborhod Ghealth Services · 4 yrs held
Yakima Nieghborhod Ghealth Services
since 2022
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
M1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+82.2%
Commercial (general)
$2.4M
+52.2%
Office building
$1.5M
+0.0%
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
$2,480,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,545,000
Current use
RESTAURANT
$2,815,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,350,000
Change: +52% · Conversion: Easy
OFFICE BUILDING
$1,545,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.10M (Feb 28 2022)
Last sale anchor
$2.10M
Feb 28 2022
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
$275 / 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
$338
Tax year 2024
Assessed value
$1,883,700
Assessed 2024
Previous assessed
$1,715,000
+9.8% YoY
Effective rate
0.02%
On assessed value
Assessed land
$289,300
Assessed improvement
$1,594,400
Land market value
$289,300
Improvement market value
$1,594,400
Total market value
$1,883,700
Applied tax rate
385.0000
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
2000
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
7,977 SF
Lot
1.66 ac (72,310 SF)
Zoning code
M1
APN
191316-33402
UPID
US90-1781505
Jurisdiction
YAKIMA
Zoning & alternative use
M1 · Yakima, WA
Zoning M1 · permitted uses
M1 · 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
MEDICAL BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Yakima Nieghborhod Ghealth Services
Individual
Mailing address
PO BOX 2605, YAKIMA, WA 98907-2605
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
Yakima Neighborhood Health Services
—
Deed
related
$1,848,000 · Washington State Department Of Commerce
Dec 27, 2024
—
Yakima Neighborhood Health Services
—
Deed
related
$4,350,000 · Washington State Department Of Commerc
Feb 28, 2022
$2,100,000
Yakima Nieghborhod Ghealth Services
Bay Street Properties LLC
Warranty Deed
$4,463,210 · Washington Health Care Faclities Authori
Feb 28, 2022
—
Bay Street Properties LLC
Bay Street Properties LLC
Intrafamily Transfer
related
—
May 26, 2000
$709,400
Bay Street Properties LLC
Providence Yakima Medical Cent
Grant Deed
$709,400 · Seller
Jun 4, 1998
$273,438
Providence Yakima Medical Cene
Hall,robert D & Gaye E
Grant Deed
—
—
—
Bay Street Properties LLC
—
Deed Of Trust
related
$800,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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