Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5804 Washington Ave Yakima, WA 98903-1034

    • Medical offices
    • 5,438 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1751504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Airport West Animal Clinic / Veterinarian

    Property Details for 5804 Washington Ave

    Year built
    2001
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    5,438 SF
    Zone code
    R1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    181333-31415
    APU
    18133331415

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $965,000
      6.5%
      $890,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,088,000
      Market price range: $495k - $1.59M
      AI Estimate
      $691,000
      Market price range: $299k - $1.13M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,055,000
      Current use
      OFFICE BUILDING
      $1,015,000
      Change: -4% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $885,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.586
    Latitude
    46.5706
    CBSA code
    49420
    CBSA name
    YAKIMA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,128
    $45,600
    $740,600
    $786,200
    -
    $45,600
    $740,600
    $786,200

    Comparable in this City

    • Value Estimation
      $1,875,000
      11,644 SF

      1242 Ahtanum Rdg Dr

      MEDICAL BUILDING • 11,644 SF
      1242 Ahtanum Rdg Dr, Yakima, WA 98903-1813
      View Details
    • Value Estimation
      $745,000
      4,194 SF

      2100 14th St

      MEDICAL BUILDING • 4,194 SF
      2100 14th St, Union Gap, WA 98903-1252
      View Details
    • Value Estimation
      $1,805,000
      10,586 SF

      1420 Ahtanum Rdg Dr

      MEDICAL BUILDING • 10,586 SF
      1420 Ahtanum Rdg Dr, Union Gap, WA 98903-1839
      View Details
    • Value Estimation
      $2,010,000
      13,657 SF

      918 Mead Ave

      MEDICAL BUILDING • 13,657 SF
      918 Mead Ave, Yakima, WA 98903-3720
      View Details
    • Value Estimation
      $3,785,000
      17,135 SF

      1211 Ahtanum Rdg Dr

      MEDICAL BUILDING • 17,135 SF
      1211 Ahtanum Rdg Dr, Union Gap, WA 98903-1813
      View Details
    • Value Estimation
      $3,450,000
      23,928 SF

      2309 Borton Rd

      OFFICE BUILDING • 23,928 SF
      2309 Borton Rd, Yakima, WA 98903-9766
      View Details

    Similar Nearby for Sale

    • $2,052,983
      15.71 Acres

      Union Gap Industrial Land Sale

      15.71 Acres, Light Industrial Zoning
      0 16Th Ave, Union Gap, WA 98903
      View Details
    • $1,717,464
      1.88 Acres

      Union Gap Commercial Land Available

      1.88 acre commercial land for sale in Union Gap.
      Tbd Adelyn Way, Union Gap, WA 98903
      View Details
    • $599,000
      0.40 Acres

      Yakima Industrial Property For Sale

      Industrial property available for purchase in Yakima, Washington.
      2107 E Mead Ave, Yakima, WA 98903
      View Details
    • $2,105,908
      2.90 Acres

      Yakima Commercial Land - $2M+

      Prime 2.9-acre commercial lot in Yakima, WA.
      2007 Longfibre Rd, Yakima, WA 98903
      View Details
    • $1,600,000
      Pending

      Union Gap Industrial Land

      4.93 acre industrial land for sale in Union Gap.
      1101 Industrial Way, Union Gap, WA 98903
      View Details
    • $4,285,000

      Large Industrial Site For Sale

      Flat, level, light industrial zoned site near established industrial area.
      Na Ahtanum Rd, Yakima, WA 98903
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,134 SF

      Prime Yakima County Creative Office Space

      Large Creative Office Space Available; 11,134 sq ft.
      2319 1St St, Yakima, WA 98903
      View Details
    • Contact for pricing
      23,123 SF

      Union Gap Retail Space

      Retail property available for lease in Union Gap, Washington.
      2500-2520 Rudkin Rd, Union Gap, WA 98903
      View Details
    • Contact for pricing
      184,957 SF

      Union Gap Retail Center

      Prime Yakima County retail space.
      17 Valley Mall Blvd, Union Gap, WA 98903
      View Details
    • $0.75 SF/Yr
      22,070 SF

      Prime Yakima Lease Space Available

      Spacious 22,070 SF suite with excellent visibility and accessibility.
      700 W Valley Mall Blvd, Union Gap, WA 98903
      View Details
    • $7,500 /Mo
      3,500 SF

      Bar Space in Retail Center

      Bar space available in high-traffic retail center.
      2310 Rudkin Rd, Union Gap, WA 98903
      View Details
    • $0.80 SF/Yr
      12,360 SF

      Industrial Space Available For Lease

      Industrial property with 12,360 square feet available for lease.
      1220 Industrial Way, Yakima, WA 98903
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5804 Washington Ave
    Yakima, WA 98903-1034
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.