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Property profile & analytics
FOR SALE
Medical Office Space

504 North 40Th Ave Yakima, WA 98908

12,083 SF 1.31 ac lot Built 1993
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US90-1154878
Property summary
AI-generated overview

This exceptional commercial property, located at 504 N 40th Ave in Yakima, WA, presents a significant investment opportunity. The building encompasses a substantial 13,762 square feet of space, offering ample room for a variety of commercial uses. Situated on a generous 1.13-acre lot, the property provides ample parking and potential for expansion or future development. The asking price is $2,900,000. The property's size and location in Yakima make it ideal for businesses seeking a prominent presence in a thriving market. Its versatility allows for adaptation to suit diverse commercial needs, from retail and office spaces to light industrial operations. The substantial lot size offers significant flexibility for future development or expansion projects. This is a rare opportunity to acquire a large, well-located commercial property in Yakima, WA, offering significant potential for growth and return on investment. Serious inquiries are encouraged to explore the possibilities this property presents. Further details and property specifics are available upon request. The property is ready for immediate occupancy.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1993
Construction WOOD
Total area 12,083 SF
Lot 1.31 ac (57,064 SF)
Zoning code B1
APN 181322-21450
UPID US90-1154878
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 Medicine of Yakima: Jeffrey S Kaplan,MD Pediatrician Physician
  • Mindy Udell Physician
  • Kial Wiley Pediatrician Physician
  • Midhuna Papazian Pediatrician Physician
  • Family Medicine of Yakima: Krauth Robert J MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.98M
Comparable Approach Comparable
$2.35M
Blend (final) Blend
$1.94M
Owner & transaction history
Family Medicine Of Yakima Buildin · 11 yrs held
Family Medicine Of Yakima Buildin
since 2015
3 recorded transactions
2015
Price N/A
1992
$1.3M
1969
Price N/A
Zoning & alternative use
B1 · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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