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    1502 University Pkwy Yakima, WA 98901

    For Sale
    $2,215,000

    Spacious Warehouse, Apartment & Barn on 4.2 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional Yakima industrial property boasts a meticulously maintained 15,040-square-foot steel-framed warehouse, ideal for a variety of business uses. The warehouse features convenient wash stations, a restroom, and a 14-foot overhead door, ensuring efficient operations. Adding to its versatility, the property includes a finished 960-square-foot apartment with one bedroom and one bathroom, perfect for on-site management or additional income potential. The expansive 4.2-acre lot offers significant space and includes University Parkway frontage for excellent visibility and accessibility, along with a secondary access point off Blue Crane Lane. Further enhancing the property's utility are multiple sheds, a carport, and a substantial 1,296-square-foot barn equipped with stalls. The property's size and diverse structures present numerous possibilities, from indoor boat storage to horse keeping, or simply providing ample space for a business and recreational vehicles. This unique combination of warehouse space, living quarters, and extensive outdoor area presents a rare opportunity in the Yakima market. The property's location and features make it a highly desirable investment.

    Property Features for 1502 University Pkwy

    General Information

    Property type
    Industrial properties
    Lot Size
    182,952 SF

    Building Details

    Year Built
    1996
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Storage Facility Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.4517
    Latitude
    46.5823

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    FAQs

    What type of property is this?
    Industrial property - Spacious Warehouse, Apartment & Barn on 4.2 Acres
    Where is this industrial property located?
    The property is located at 1502 University Pkwy Yakima, WA.
    What is the asking price?
    The asking price for this property is $2,215,000.
    (509) 943-5200
    Request Owner's contact information
    1502 University Pkwy Yakima, WA 98901
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    Yakima, WA 98901
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    Realmo Value Estimation

    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.

    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.

    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
    1502 University Pkwy Yakima, WA 98901
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