Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3801 Summitview Ave Yakima, WA 98902-2794
    Back to Search
    Property profile & analytics

    3801 Summitview Ave, Yakima, WA 98902-2794

    View on Map
    • Assisted living facilities
    • 25,372 SF
    • 2.14 lot acres
    Off-Market
    Property ID
    US90-1096489
    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
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Summitview Rehab and Health Center / Nursing Home
    • Terraces at Summitview / Nursing Home / Retirement Community
    • The Terraces at Summitview / Retirement Community
    • John Shea / Physician
    • Elaine M. Brennecke, OTR / Physician

    Property Details for 3801 Summitview Ave

    Year built
    1962
    Construction
    WOOD
    Lot size
    2.14 lot acres
    Zone code
    R3
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    181322-13482
    APU
    18132213482

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 31, 2012 $25,000 West Valley Nursing Homes INC Yakima Valley Canal Co Quit Claim Deed · related —
    — — West Valley Nursing Homes INC — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $906,000
      Market price range: $550k - $907k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $685,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.56
    Latitude
    46.6012
    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
    $1,597
    $559,300
    $5,506,000
    $6,065,300
    -
    $559,300
    $5,506,000
    $6,065,300

    Comparable in this City

    • Value Estimation
      $820,000
      37,651 SF

      2800 Viola Ave

      HOMES (RETIRED, NURSING)
      2800 Viola Ave, Yakima, WA 98902-4947
      View Details
    • Value Estimation
      $1,315,000
      50,598 SF

      702 16th Ave

      HOMES (RETIRED, NURSING)
      702 16th Ave, Yakima, WA 98902-1803
      View Details
    • Value Estimation
      $1,835,000
      61,000 SF

      3710 Kern Way

      HOMES (RETIRED, NURSING)
      3710 Kern Way, Yakima, WA 98902-4981
      View Details
    • Value Estimation
      $2,235,000
      86,547 SF

      620 34th Ave

      HOMES (RETIRED, NURSING)
      620 34th Ave, Yakima, WA 98902-1500
      View Details
    • Value Estimation
      $1,515,000
      51,440 SF

      1100 35th Ave

      HOMES (RETIRED, NURSING)
      1100 35th Ave, Yakima, WA 98902-7355
      View Details
    • Value Estimation
      $540,000
      22,752 SF

      3807 Summitview Ave

      HOMES (RETIRED, NURSING)
      3807 Summitview Ave, Yakima, WA 98902-2789
      View Details

    Similar Nearby for Sale

    • $399,000
      1,550 SF

      Yakima Duplex with Rental Appeal

      Westside duplex with strong rental appeal in convenient Yakima location.
      806 S 35Th Ave, Yakima, WA 98902
      View Details
    • $500,000
      0.42 Acres

      Yakima Industrial Opportunity For Sale

      Commercial lot available in Yakima, WA.
      2308 W Nob Hill Blvd, Yakima, WA 98902
      View Details
    • Contact for pricing
      10,414 SF

      Medical/Office Building in Medical Center

      Affordable medical/office building in the medical center district.
      401 S 12Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      19,646 SF

      West Yakima Commercial Building

      Flexible commercial building in a desirable west Yakima location.
      2001 W Lincoln Ave, Yakima, WA 98902
      View Details
    • $450,000
      2,992 SF

      Single-Level 4-Plex Investment Opportunity

      Single-level 4-plex with strong rental history and income potential.
      1613 Garrett St, Yakima, WA 98902
      View Details
    • Contact for pricing
      1,750 SF

      Retail Property on Tieton Drive

      Income-generating retail property with multiple units and parking.
      1110 Tieton Dr, Yakima, WA 98902
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Yakima Office Space Available

      Well-appointed office space in a desirable west Yakima location.
      603 N 39Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      5,835 SF

      Rainier Square Retail Space

      Retail spaces available at Rainier Square Shopping Center.
      2516-2608 W Nob Hill Blvd, Yakima, WA 98902
      View Details
    • Contact for pricing
      1,430 SF

      Medical Office Space in Yakima

      1,430 SF medical space with 8 rooms for rent.
      2501 Racquet Ln, Yakima, WA 98902
      View Details
    • Contact for pricing
      2,000 SF

      Medical Office Space Available

      Medical office space for lease in established medical community.
      206 S 11Th Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      22,623 SF

      Yakima Retail Space For Lease

      22,623 SF retail space with prominent storefront available for lease.
      3700 Tieton Dr, Yakima, WA 98902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3801 Summitview Ave
    Yakima, WA 98902-2794
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3801 Summitview Ave, Yakima, WA, 98902
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!