Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

504 North 40Th Ave Yakima, WA 98908

FOR SALE
Medical Office Space
Property ID
US90-1154878
12,083 SF 1.31 ac lot Built 1993
Last sale Aug 1992 · $1,320,150
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Family Medicine of Yakima Building is a free-standing medical office structure located in Yakima’s North 40th Avenue district. Constructed in 1993, it includes 12,083 square feet of finished ground-floor space, 2,730 square feet of finished basement space, and 3,778 square feet of unfinished basement space. The exterior features rock trim, and the property sits on a 1.31-acre lot that is zoned for commercial use with 70 parking spaces. Interior improvements include 27 exam rooms, a private…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$1k
Tax billed · 2024
Assessed value$2.01M
Assessed land$341k
Assessed improvement$1.67M
Effective rate0.05%

Value estimate

· Oct 2026
$1.94M
$1.75M – $2.13M
CAP approach$1.98M
Submarket $/SF estimate$2.35M
NOI build-up
Gross scheduled income$355k
Vacancy & credit loss−$24k
Operating expenses−$132k
NOI · 7.08% cap applied$198k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$194/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$91 – $292

Cap rate analysis

How does the asset earn?
7.08%
$198k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
JurisdictionYAKIMA

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.6
Auto Repair Shop12.4
Wholesale Shop12.2

Location

504 North 40Th Ave Yakima, WA 98908
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1017 40th, Yakima, WA 98908-3805 $135,000 Aug 2023 5,536 SF
506 40th, Yakima, WA 98908-4318 $3,450,000 Nov 2021 14,742 SF
4001 Tieton, Yakima, WA 98908-3345 $668,954 May 2021 4,071 SF
6201 Summitview, Yakima, WA 98908-3027 $4,307,692 Feb 2021 14,708 SF
4207 Tieton, Yakima, WA 98908-3347 $553,500 Sep 2019 7,125 SF
1008 40th, Yakima, WA 98908-3804 $552,614 Jul 2019 4,778 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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