Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    401 S 12Th Ave Yakima, WA 98902

    Property Lookup

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

    401 S 12Th Ave Yakima, WA 98902

    View on Map
    • Medical Office Space
    • 6,652 SF
    • 0.49 lot acres
    For Sale
    $1,093,470
    View Listing →
    Medical/Office Building in Medical Center For Sale
    $1,093,470
    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 Listing
    Property ID
    US90-0383783
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Incyte Diagnostics / Pathologist / Medical Laboratory
    • Medical Center Labs: Peterson Dan MD / Medical Laboratory
    • Li Abel w MD / Physician
    • Dr. John W. Onstad, MD / Physician
    • Dr. Stephen D. Muehleck, MD / Physician

    Property Details for 401 S 12Th Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.49 lot acres
    Property size
    6,652 SF
    Zone code
    B1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    181324-34041
    APU
    18132434041

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,180,000
      6.5%
      $1,090,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $787,000
      Market price range: $418k - $1.34M
      AI Estimate
      $869,000
      Market price range: $353k - $1.45M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $760,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,085,000
      Change: +42% Conversion: Difficult
      OFFICE BUILDING
      $890,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $845,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $810,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $620,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.525
    Latitude
    46.5936
    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
    $388
    $106,700
    $754,300
    $861,000
    -
    $106,700
    $754,300
    $861,000

    Comparable in this City

    • Value Estimation by Request
      1,038 SF

      1111 Spruce St Ste, Unit 27

      MEDICAL BUILDING • 1,038 SF
      1111 Spruce St Ste, Yakima, WA 98902-3262
      View Details
    • Value Estimation by Request
      830 SF

      307 12th Ave, Unit 1

      MEDICAL BUILDING • 830 SF
      307 12th Ave, Yakima, WA 98902-3100
      View Details
    • Value Estimation by Request
      770 SF

      307 12th Ave, Unit 10

      MEDICAL BUILDING • 770 SF
      307 12th Ave, Yakima, WA 98902-3100
      View Details
    • Value Estimation
      $5,860,000
      33,369 SF

      2500 Racquet Ln

      MEDICAL BUILDING • 33,369 SF
      2500 Racquet Ln, Yakima, WA 98902-6114
      View Details
    • Value Estimation
      $4,815,000
      24,771 SF

      2205 Lincoln Ave

      MEDICAL BUILDING • 24,771 SF
      2205 Lincoln Ave, Yakima, WA 98902-2437
      View Details
    • Value Estimation by Request
      792 SF

      11 11th Ave Ste, Unit 101

      MEDICAL BUILDING • 792 SF
      11 11th Ave Ste, Yakima, WA 98902-3085
      View Details

    Similar Nearby for Sale

    • 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
      29,010 SF

      Mixed-Use Building in Downtown Yakima

      Flexible mixed-use commercial building in the heart of downtown Yakima.
      31 N 1St 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
    • $2,474,000
      23,391 SF

      Historic Yakima Event Center Conversion

      Former church converted to event center and vacation rental apartments.
      515 E Yakima Ave, Yakima, WA 98902
      View Details
    • $450,000

      Corner Lot Ready for Development

      22,823 SF corner lot in Yakima, high traffic location.
      2312 W Nob Hill Blvd, Yakima, WA 98902
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      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
    • $3,000 /Mo

      Medical Space in Yakima Athletic Club

      1,430 SF medical space with 8 exam/therapy rooms.
      2503 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

      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
      1,819 SF

      Yakima Office Suite For Rent

      1,819 SF office suite in Yakima's medical district.
      315 Holton Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      36,550 SF

      Versatile Retail/Office Space Available

      Adaptable 1,453 SF space suitable for retail, office, medical uses.
      1008-1112 E Nob Hill Blvd, Yakima, WA 98902
      View Details
    View Listing
    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.
    401 S 12Th Ave
    Yakima, WA 98902
    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

    401 S 12Th 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!