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Property profile & analytics
OFF-MARKET
Medical Office Space
408 2nd St Yakima, WA 98901-2816
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0328460
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
WOOD
Total area
3,219 SF
Lot
0.15 ac (6,534 SF)
Zoning code
GC
APN
191319-31428
UPID
US90-0328460
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
-
Family Chiropractic Centre Alternative Medicine Practice
-
Dr. Gerald Moran Alternative Medicine Practice
-
James R. Milliron, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerald Moran · 1 yrs held
Gerald Moran
since 2024
Last sale
$330,000
7 recorded transactions
Zoning & alternative use
GC · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,941
Tax year 2024
Assessed value
$212,500
Assessed 2024
Previous assessed
$212,500
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$25,000
Assessed improvement
$187,500
Land market value
$25,000
Improvement market value
$187,500
Total market value
$212,500
Applied tax rate
331.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,219 SF
Lot
0.15 ac (6,534 SF)
Zoning code
GC
APN
191319-31428
UPID
US90-0328460
Jurisdiction
YAKIMA
Zoning & alternative use
GC · Yakima, WA
Zoning GC · permitted uses
GC · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yakima. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Gerald Moran
Individual
Free & Clear · 1 yrs held
Mailing address
7338 S 15TH AVE NE, SEATTLE, WA 98115-5733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2024
$181,573
Gerald Moran
Gina M Milliron
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Sep 13, 2024
$330,000
Yakima S Second Street LLC
Gerald Moran
Warranty Deed
$251,000 · Zb NA
Feb 21, 2020
—
Gina M Milliron
James R Milliron
Quit Claim Deed
related
—
Oct 25, 2006
$209,673
Family Chiropractic Centre
Bollman,richard B & Mollie L
Warranty Deed
—
Oct 21, 1998
$210,000
James R Milliron
Bollman,ricahrd B & Mollie L
Grant Deed
$186,000 · Seller
Mar 16, 1993
$139,000
Richard B Bollman
Wentz,edward J&bonnie
Grant Deed
$119,000
—
—
James R Milliron
—
Deed Of Trust
related
$180,000 · Pacific Northwest Bank
—
—
James R Milliron
—
Deed Of Trust
related
$45,000 · Pacific Northwest Bank
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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