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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Medical Office Space
603 4th Ave Toppenish, WA 98948-1617
Individually Owned
22-yr Hold
Free & Clear
Property ID
US90-2029687
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
METAL FRAME
Total area
22,980 SF
Lot
1.83 ac (79,715 SF)
Zoning code
B3
APN
201009-11028
UPID
US90-2029687
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.77M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.73M
Owner & transaction history
Yakima Valley Farm Workers Cli · 22 yrs held
Yakima Valley Farm Workers Cli
since 2004
1 recorded transaction
Zoning & alternative use
B3 · Toppenish, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+3.4%
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 Toppenish submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toppenish 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,085,000
6.5%
$3,770,000
7%
$3,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,860,000
Current use
OFFICE BUILDING
$3,995,000
Change: +3% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,380,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±10%
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
$162 / 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
$52,856
Tax year 2024
Assessed value
$6,161,400
Assessed 2024
Previous assessed
$5,310,300
+16.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$79,600
Assessed improvement
$6,081,800
Land market value
$79,600
Improvement market value
$6,081,800
Total market value
$6,161,400
Applied tax rate
480.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2011
Construction
METAL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
22,980 SF
Lot
1.83 ac (79,715 SF)
Zoning code
B3
APN
201009-11028
UPID
US90-2029687
Jurisdiction
YAKIMA
Zoning & alternative use
B3 · Toppenish, WA
Zoning B3 · permitted uses
B3 · Toppenish, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toppenish. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
MEDICAL BUILDING Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2011
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
1.83 ac
Current owner
From public records · entity-resolved
Yakima Valley Farm Workers Cli
Individual
Free & Clear · 22 yrs held
Mailing address
PO BOX 190, TOPPENISH, WA 98948-0190
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2004
$329,000
Yakima Valley Farm Workers Cli
Pacific Conference Of Evangelical
Warranty Deed
—
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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