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    Property profile & analytics

    2640 Edison Ave Sunnyside, WA 98944-1657

    • Office buildings
    • 14,121 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimations
    $2,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2679885
    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.

    Current Use by Public Records

    • Port of Sunnyside / Port
    • Ecological Land Services / Environmental Consultant
    • Native American Driving Academy / Training Center / Vocational School

    Property Details for 2640 Edison Ave

    Year built
    2003
    Construction
    WOOD
    Lot size
    2.26 lot acres
    Property size
    14,121 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    231030-13403
    APU
    23103013403

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,670,000
      6.5%
      $2,465,000
      7%
      $2,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,079,000
      Market price range: $1.04M - $3.92M
      AI Estimate
      $1,847,000
      Market price range: $718k - $2.35M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,455,000
      Current use
      MEDICAL BUILDING
      $2,370,000
      Change: -3% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,075,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunnyside
    County
    Yakima
    State
    Washington
    Longitude
    -119.986
    Latitude
    46.3247
    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
    $0.00
    $147,700
    $1,888,100
    $2,035,800
    -
    $147,700
    $1,888,100
    $2,035,800

    Comparable in this City

    • Value Estimation
      $705,000
      3,840 SF

      1500 Federal Way

      OFFICE BUILDING • 3,840 SF
      1500 Federal Way, Sunnyside, WA 98944-1671
      View Details
    • Value Estimation by Request
      1,995 SF

      823 Lincoln Ave

      OFFICE BUILDING • 1,995 SF
      823 Lincoln Ave, Sunnyside, WA 98944-2347
      View Details
    • Value Estimation by Request
      4,476 SF

      451 6th St

      OFFICE BUILDING • 4,476 SF
      451 6th St, Sunnyside, WA 98944-1411
      View Details
    • Value Estimation by Request
      1,488 SF

      1901 Lincoln Ave

      OFFICE BUILDING • 1,488 SF
      1901 Lincoln Ave, Sunnyside, WA 98944-2495
      View Details
    • Value Estimation by Request
      1,087 SF

      1601 Sheller Rd

      PROFESSIONAL BUILDING • 1,087 SF
      1601 Sheller Rd, Sunnyside, WA 98944-9281
      View Details
    • Value Estimation by Request
      2,572 SF

      600 Nn Ave

      OFFICE BUILDING • 2,572 SF
      600 Nn Ave, Sunnyside, WA 98944-1022
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,173 SF

      Sunnyside Office Building Opportunity

      Office building in Sunnyside, WA, suitable for traditional office.
      1691 Washington Ct, Sunnyside, WA 98944
      View Details
    • $799,900

      Renovated Office and Retail Building

      Versatile 7,084 SF building in Lower Yakima County.
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    • $840,000
      0.24 Acres

      Sunnyside Office For Sale

      Office property available for purchase in Sunnyside, Washington.
      2576 Yakima Valley Hwy, Sunnyside, WA 98944
      View Details
    • Contact for pricing
      0.24 Acres

      Office Space in Sunnyside, WA

      Office property for sale in Sunnyside, Washington.
      2576 Yakima Valley Hwy, Sunnyside, WA 98944
      View Details
    • $250,000
      0.08 Acres

      Sunnyside Office For Sale

      Office property for sale in Sunnyside, Washington.
      426 S 6Th St, Sunnyside, WA 98944
      View Details
    • Contact for pricing
      5,040 SF

      Sunnyside Commercial Building For Sale

      5,040 SF commercial building in Sunnyside's commercial district.
      445 Barnard Blvd, Sunnyside, WA 98944
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Sunnyside Commercial Space Available

      Spacious commercial property in Sunnyside, WA, perfect for various businesses.
      1710 East Gregory Avenue Ext, Sunnyside, WA 98944
      View Details
    • $22 SF/Yr

      Modern Commercial Building in Sunnyside

      New retail/office suites with parking and freeway access.
      209 N 1St St, Sunnyside, WA 98944
      View Details
    • Contact for pricing

      Sunnyside Office/Retail Suite Available

      Office/Retail suite for lease in Yakima Valley Plaza-Professional Center.
      2576 Yakima Valley Hwy, Sunnyside, WA 98944
      View Details
    • Contact for pricing

      25-Unit Manufactured Home Park

      25-unit manufactured park with rental history in Sunnyside, WA.
      2430 Allen Rd, Sunnyside, WA 98944
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    • Contact for pricing

      Restaurant Space in Grieger Plaza

      Restaurant space with equipment included in a high-traffic location.
      2810 E Lincoln Ave, Sunnyside, WA 98944
      View Details
    • Contact for pricing

      Established Mobile Home Park

      Manufactured home park with lot spaces and storage rental units.
      525 Rouse Rd, Sunnyside, WA 98944
      View Details
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    Sunnyside, WA 98944-1657
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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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