Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
409 12th Ave Yakima, WA 98902-3114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0022379
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
WOOD
Total area
4,114 SF
Lot
0.2 ac (8,712 SF)
Zoning code
BCOM
APN
181324-34028
UPID
US90-0022379
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
-
Yakima Worker Care Medical Clinic
-
Laura D. Hahn, ARNP Physician
-
Theodore Palmatier Medical Clinic
-
Cari Remington Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Upland Hill Investments LLC · 2 yrs held
Upland Hill Investments LLC
since 2023
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
BCOM · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$550,000
+16.6%
Auto repair, garage
$525,000
+11.2%
Retail stores
$500,000
+6.7%
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
$690,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$470,000
Current use
OFFICE BUILDING
$550,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$500,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $700k (Dec 15 2023)
Last sale anchor
$700k
Dec 15 2023
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
$169 / 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
$3,300
Tax year 2024
Assessed value
$368,000
Assessed 2024
Previous assessed
$316,800
+16.2% YoY
Effective rate
0.90%
On assessed value
Assessed land
$44,400
Assessed improvement
$323,600
Land market value
$44,400
Improvement market value
$323,600
Total market value
$368,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
4,114 SF
Lot
0.2 ac (8,712 SF)
Zoning code
BCOM
APN
181324-34028
UPID
US90-0022379
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Yakima, WA
Zoning BCOM · permitted uses
BCOM · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$470,000
OFFICE BUILDING
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$500,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1963
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Upland Hill Investments LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$700,000
Upland Hill Investments LLC
Cook Avenue Realty Investments LLC
Warranty Deed
$700,000 · Cook Avenue Realty Investments LLC
Jul 5, 2007
$241,819
Cook Avenue Realty Invs LLC
Gus Mtn Dev LLC
Quit Claim Deed
related
—
Oct 16, 2003
$150,000
Cook Avenue Realty Investments
Internal Medicine Associates B
Grant Deed
—
Apr 29, 1988
$121,700
Internal Med Asoc Yak INC
Unknown
Grant Deed
—
—
—
Internal Medicine
—
Deed Of Trust
related
$200,000 · Us Bank Of Washington
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 409 12th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
