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    303 Martin Luther King Jr Blvd Yakima, WA 98902-2652

    OFF-MARKET Office buildings Google Maps
    3,109 SF 0.16 ac lot Built 1984
    Entity Owned 10-yr Hold ~ Est. High Equity
    Estimated value (blended)
    $285k
    Range $257k – $314k (±10%)
    Property ID US90-0765362

    Property summary

    AI-generated overview

    This single-story, 3,109 square foot Class B office building presents a compelling investment opportunity. Located at 303 W Martin Luther King Jr. Blvd in Yakima, Washington's Central Business District (CBD), this property boasts a convenient location and ample space. Constructed in 1984, the building sits on a 0.16-acre lot and is zoned CBS. The total square footage matches the net rentable area, providing efficient use of space. With one building and one story, this property offers straightforward management and potential for various business uses. The asking price is $325,000. The property's address is 303 W Martin Luther King Jr. Blvd, Yakima, WA 98902, and its APN is 181324-12430. This is an excellent chance to acquire a well-situated commercial property in a thriving Yakima business district.

    Property profile

    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1984
    Construction WOOD
    Total area 3,109 SF
    Lot 0.16 ac (6,970 SF)
    Zoning code CBD
    APN 181324-12430
    UPID US90-0765362

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Apartment Rental Agency Commercial Real Estate Agency
    • Apartment Complex
    2 occupants on record

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $285k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $285k

    Owner & transaction history

    since 2016
    3 recorded transactions
    2016
    $215,000
    2007
    $195,000
    2001
    $140,000

    Zoning & alternative use

    CBD · Yakima, WA
    Zoning description

    The purpose of the central business district is to preserve the business district of the city of Yakima as the regions center of commerce, finance, government, industry, recreation, and culture.

    General category CIVIC_INSTITUTIONAL

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $235,000
      1,476 SF
      1910 Fruitvale Blvd
      PROFESSIONAL BUILDING
      1910 Fruitvale Blvd, Yakima, WA 98902-1243
      View Details
    • Value Estimation
      $420,000
      1,917 SF
      1705 24th Ave
      OFFICE BUILDING
      1705 24th Ave, Yakima, WA 98902-5720
      View Details
    • Value Estimation
      $430,000
      1,898 SF
      301 12th Ave
      OFFICE BUILDING
      301 12th Ave, Yakima, WA 98902-3112
      View Details
    • Value Estimation
      $970,000
      3,080 SF
      2016 Fruitvale Blvd
      OFFICE BUILDING
      2016 Fruitvale Blvd, Yakima, WA 98902-1220
      View Details
    • Value Estimation
      $360,000
      2,720 SF
      3800 Fruitvale Blvd
      OFFICE BUILDING
      3800 Fruitvale Blvd, Yakima, WA 98902-7331
      View Details
    • Value Estimation
      $810,000
      8,200 SF
      717 Fruitvale Blvd
      OFFICE BUILDING
      717 Fruitvale Blvd, Yakima, WA 98902-1465
      View Details

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    Recent comparable sales
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