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Property profile & analytics
OFF-MARKET
Estimated value
$9,940,000
Office buildings
402 4th Ave Yakima, WA 98902-3546
Individually Owned
36-yr Hold
~
Est. High Equity
Property ID
US90-0787517
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,724 SF
Lot
1.33 ac (57,935 SF)
Zoning code
GC
APN
181324-44455
UPID
US90-0787517
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Comprehensive Healthcare Crisis Center Medical Clinic
-
Comprehensive Healthcare - Aspen Victim Advocacy Services Social Service Agency Crisis Center
-
Sifuentes Theresa Foster Care Service Social Service Agency
-
Auren O'connell Counselor Nurse Practitioner
-
Purtzer Aaron C Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.36M
Comparable Approach
Comparable
$9.95M
Blend (final)
Blend
$9.94M
Owner & transaction history
Wa Comp Central · 36 yrs held
Wa Comp Central
since 1990
3 recorded transactions
Zoning & alternative use
GC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
Top alternative use upside
Industrial (general)
$11.5M
+22.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Yakima submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yakima submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,385,000
6.5%
$12,355,000
7%
$11,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,435,000
Current use
INDUSTRIAL (GENERAL)
$11,520,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,000,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$8,630,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$8,090,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$9.94M
Range $8.95M – $10.93M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,810
Tax year 2024
Assessed value
$9,261,500
Assessed 2024
Previous assessed
$8,684,000
+6.7% YoY
Effective rate
0.02%
On assessed value
Assessed land
$290,700
Assessed improvement
$8,970,800
Land market value
$290,700
Improvement market value
$8,970,800
Total market value
$9,261,500
Applied tax rate
333.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
70,724 SF
Lot
1.33 ac (57,935 SF)
Zoning code
GC
APN
181324-44455
UPID
US90-0787517
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WAZoning GC · permitted uses
GC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the general commercial district is to accommodate wholesale and retail activities with some high-density residential development.
Zone name
General Commercial District
General category
COMMERCIAL
Zone area
1,450.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
INDUSTRIAL (GENERAL)
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$9.0M
RETAIL STORES
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.1M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
1.33 ac
Current owner
From public records · entity-resolved
Wa Comp Central
Individual
Mailing address
PO BOX 959, YAKIMA, WA 98907-0959
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 1990
$816,400
Wa Comp Central
Unknown
Grant Deed
—
—
—
Central Wa Comprehensive Menta
—
Deed Of Trust
related
$4,800,000 · Seafirst Bank
—
—
Central Washington Comprehensi
—
Deed Of Trust
related
$4,700,000 · Washington Health Care Facilit
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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