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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3999 Englewood Ave Yakima, WA 98902-6334

    • Medical offices
    • 7,936 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    $1,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0589320
    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

    • Richard S. Wilkinson / General Practitioner / Allergist
    • Dr. Richard H. Hopp, MD / Ophthalmologist / Optometrist
    • Steven M. Wells, OD / Optometrist
    • Lifeline4Health / Medical Center
    • Palmer P. Do Wright / Otolaryngologist

    Property Details for 3999 Englewood Ave

    Year built
    1994
    Construction
    WOOD
    Lot size
    1.37 lot acres
    Property size
    7,936 SF
    Zone code
    B1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    181315-43423
    APU
    18131543423

    Description

    This exceptional two-story, 12,927-square-foot office building in Yakima, WA, is ready for immediate occupancy. Located at 3999 Englewood Ave, on the corner of 40th Ave, this property boasts high visibility with over 40,000 daily vehicle counts. The building, constructed in 1994, sits on a 1.76-acre lot and offers ample parking with 67 spaces. The building features two suites, currently entirely vacant, previously configured for medical and general office use. Suite sizes include spaces previously used as a 2,829 SF medical office, a 3,905 SF medical office, and a 2,020 SF general office. The versatile layout includes reception areas, multiple offices, waiting areas, and large conference rooms, suitable for various uses including retail or salon spaces. The property is zoned B-1 and is serviced by electric power. Short-term tenancy and tenant improvements are negotiable. This is a unique opportunity to secure a prominent location with high traffic exposure in a thriving Yakima market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,410,000
      6.5%
      $1,300,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,600,000
      Market price range: $499k - $1.60M
      AI Estimate
      $1,726,000
      Market price range: $421k - $1.73M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,340,000
      INDUSTRIAL (GENERAL)
      $1,290,000
      OFFICE BUILDING
      $1,060,000
      AUTO REPAIR, GARAGE
      $1,010,000
      RETAIL STORES
      $970,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.561
    Latitude
    46.6079
    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
    $15,644
    $538,500
    $1,211,500
    $1,750,000
    -
    $538,500
    $1,211,500
    $1,750,000

    Comparable in this City

    • Value Estimation
      $1,050,000
      5,412 SF

      3403 Powerhouse Rd

      MEDICAL BUILDING • 5,412 SF
      3403 Powerhouse Rd, Yakima, WA 98902-1547
      View Details
    • Value Estimation by Request
      896 SF

      1120 Spruce St

      MEDICAL BUILDING • 896 SF
      1120 Spruce St, Yakima, WA 98902-3218
      View Details
    • Value Estimation
      $7,600,000
      48,462 SF

      406 30th Ave

      MEDICAL BUILDING • 48,462 SF
      406 30th Ave, Yakima, WA 98902-3713
      View Details
    • Value Estimation by Request
      700 SF

      215 11th Aveb

      MEDICAL BUILDING • 700 SF
      215 11th Aveb, Yakima, WA 98902-3255
      View Details
    • Value Estimation
      $1,790,000
      9,210 SF

      1111 35th Ave

      MEDICAL BUILDING • 9,210 SF
      1111 35th Ave, Yakima, WA 98902-1622
      View Details
    • Value Estimation
      $1,990,000
      11,110 SF

      1110 35th Ave

      MEDICAL BUILDING • 11,110 SF
      1110 35th Ave, Yakima, WA 98902-1622
      View Details

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    3999 Englewood Ave
    Yakima, WA 98902-6334
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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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