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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Medical Office Space
6101 Summitview Ave Yakima, WA 98908-3028
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-2763937
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
WOOD
Total area
24,935 SF
Lot
1.86 ac (81,022 SF)
Zoning code
BCOM
APN
181321-23558
UPID
US90-2763937
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
-
RPM Rehab - Summitview Physician
-
Northwest Pain Management Associates - Yakima Physician
-
Doniel Gabriel Drazin Physician
-
Thomas Pulliam Physician
-
Dr. Linda M. Burdette, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.09M
Comparable Approach
Comparable
$4.15M
Blend (final)
Blend
$3.99M
Owner & transaction history
MBM LAND LLC
MBM LAND LLC
Zoning & alternative use
BCOM · Yakima, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,430,000
6.5%
$4,090,000
7%
$3,800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,825,000
Current use
OFFICE BUILDING
$4,645,000
Change: -4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,060,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $3.59M – $4.38M · ±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
$160 / 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
$49,132
Tax year 2024
Assessed value
$5,613,100
Assessed 2024
Previous assessed
$5,021,000
+11.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$485,000
Assessed improvement
$5,128,100
Land market value
$485,000
Improvement market value
$5,128,100
Total market value
$5,613,100
Applied tax rate
585.0000
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
2015
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
24,935 SF
Lot
1.86 ac (81,022 SF)
Zoning code
BCOM
APN
181321-23558
UPID
US90-2763937
Jurisdiction
YAKIMA
Zoning & alternative use
BCOM · Yakima, WAZoning BCOM · permitted uses
BCOM · Yakima, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
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
2015
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
MBM LAND LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1212 N 16TH AVE, YAKIMA, WA 98902-1348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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