Property profile

811 W Yakima Ave Yakima, WA 98902

FOR SALE
Retail space
Property ID
US90-0943240
6,232 SF 0.33 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,116 square foot office space is available for lease in a well-established mixed-use building at 811 W Yakima Ave, Yakima, WA 98902. Situated in the heart of Yakima's Central Business District (CBD), this single-tenant space boasts excellent visibility from Yakima Ave, 8th Ave, and Summitview Ave. The building, constructed in 1965, is a two-story Class C property encompassing 6,232 total square feet, situated on a 0.33-acre lot (APN 181324-31410). The available space is ideally suited for medical or general office use, featuring a thoughtfully designed layout including a reception area, nurse's station, three to four exam rooms, private offices, conference rooms, and ample storage. The building shares its location with reputable businesses, ensuring high foot traffic and brand recognition. Benefit from plentiful dedicated parking, a significant advantage in a bustling downtown area. This is a rare opportunity to secure affordable, high-visibility office space in a desirable Yakima location. The zoning is CBD, offering flexibility for various business types. Don't miss this chance to establish your business in a thriving community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,232 SF
Lot 0.33 ac (14,375 SF)
Zoning code CBD
APN 181324-31410
UPID US90-0943240

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Brewery & Distillery Specialty Food Shop
  • Pediatrician Physician
  • Clothing & Fashion Store
  • Law Firm

Location

811 W Yakima Ave Yakima, WA 98902
Yakima metro Census 700 YAKIMA, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
$970k
Comparable Approach Comparable
$754k
Blend (final) Blend
$665k

Owner & transaction history

since 2022
Last sale
$675,000
6 recorded transactions
2022
$675,000
2017
Price N/A
2011
Price N/A
2001
$459,000
1996
$63,000
1969
Price N/A

Zoning & alternative use

CBD · Yakima, WA
Zoning description

The purpose of the central business district is to preserve the business district of the city of Yakima as the regions center of commerce, finance, government, industry, recreation, and culture.

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Industrial (general) $1.0M +33.5%
Office building $830,000 +9.3%
Auto repair, garage $795,000 +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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