Union Gap Industrial Business
112 W Washington Ave Yakima, WA 98903
112 W Washington Ave, Yakima, WA, 98903
Contact for pricing
For Sale
Contact for pricing
Modern industrial asset in active commercial corridor near Yakima.
Property Size28,500 SF
Price / SF$112.28
Days on Market66
Property Features for 112 W Washington Ave
General Information
- Standard status
- Active
- Size
- 28,500 SF
- Property subtype
- INDUSTRIAL
Listing Agency
The Paragon Group
(509) 221-9354
Listed by
Mason Fiascone
(509) 221-9354
Source
Moodyscre
Added: May 14 Checked: Jul 17 at 5:20 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Paragon Group
Investment Insights
Based on property information with market context.
Guardian Business Center, constructed in 2008, is a small-bay industrial asset located outside Yakima in Union Gap, WA. The property offers modern construction and grade-level functionality, with small bay sizes. It caters to local trades, service businesses, and other hands-on operators. The business center fills a niche for local businesses in a market where large-format industrial properties often do not meet the needs of smaller businesses. Located in one of the Yakima Valley's active commercial corridors, Guardian is near major transportation infrastructure. The municipality supports business licensing, planning, and economic development. City planning efforts focus on transportation, downtown development, and long-range growth. Regional infrastructure investment, such as the Beltway Connector, should strengthen freight movement and commercial accessibility. The property appeals to diversified tenants across multiple industries, creating resilient demand and stable cash flow. Near-term upside may come from lease standardization, improved expense recoveries, and sharper positioning of the asset as a small-business industrial center. The property size is 28500 square feet.
Key Highlights
- Modern 2008 construction appealing to local trades and service businesses.
- Located in a high‑traffic commercial corridor in Union Gap, near major transportation infrastructure.
- Fills a niche market for small businesses underserved by large‑format industrial properties.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $348.8k | $12.24 |
| − Vacancy | −$26.2k | −$0.92 |
| EGI | $322.7k | $11.32 |
| − OpEx | −$96.8k | −$3.40 |
| NOI | $225.9k | $7.93 |
28,500 SF · lease $12.24/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.23M
$2.82M – $3.76M
NOI $225,874 @ 7.0% cap · market cap 7.06%
Second Best
Flex RnD
$2.99M
$2.62M – $3.49M
NOI $209,287 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M
NOI $405,138 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
YAKIMA CANYON TINY ...
Construction Company
Guardian Business Center
Storage Facility
Blue Diamond Auto ...
Car Wash
509 Tint & Wrapz
Interior Design
California Auto Shine
Car Wash
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FAQs
What type of property is this?
Flex space - Modern industrial asset in active commercial corridor near Yakima.
Where is this flex space located?
The property is located at 112 W Washington Ave Yakima, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Modern 2008 construction appealing to local trades and service businesses.; Located in a high‑traffic commercial corridor in Union Gap, near major transportation infrastructure.; Fills a niche market for small businesses underserved by large‑format industrial properties.
