Warehouse and Retail Flex
For Sale
$1,500,000
1130 Buena Rd, Zillah, WA 98953
Flex building with retail storefront, warehouse/storage space, and a large outdoor storage yard with a wide roll-up door.
Property Size7,800 SF
Lot Size3.83 Acres
Price / SF$192.31
Days on Market51
Property Features for 1130 Buena Rd
General Information
Standard status
Active
Size
7,800 SF
Lot size
3.83 Acres
Additional Details
Outdoor Storage
Yes
Clear Height
13.9 ft
Taxes and HOA fees
Annual Taxes
$4,510
Listing Agency:
Wilson Real Estate Management LLC
Listed By:
Roger Wilson · License #17888
(509) 728-0654
Source:
Exprealty
Added: Jul 17
Changed: Aug 23
Last Checked: Sep 5 at 9:11AM
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 Wilson Real Estate Management LLC
Investment Insights
Based on property information with market context.
The property is an approximately 7,800 SF commercial building on about 3.83 acres, designed to support both retail storefront use and warehouse/storage capabilities. It includes a large outdoor storage yard and flexible commercial uses, with a roll-up door sized at 142.5 inches wide and 12 feet high. Interior ceiling height is listed at 13' 11''.
The configuration is intended to accommodate retail operations as well as distribution and shipping activities, making it suitable for users seeking space that can combine customer-facing frontage with practical storage and loading capacity.
This is a straightforward flex-style facility with clear warehouse attributes, including the specified roll-up opening and ceiling height, plus outdoor storage to support active logistics and inventory needs.
The configuration is intended to accommodate retail operations as well as distribution and shipping activities, making it suitable for users seeking space that can combine customer-facing frontage with practical storage and loading capacity.
This is a straightforward flex-style facility with clear warehouse attributes, including the specified roll-up opening and ceiling height, plus outdoor storage to support active logistics and inventory needs.
Key Highlights
- 7,800 SF commercial building on approximately 3.83 acres of commercial space
- Retail storefront space plus warehouse and storage capabilities
- Large outdoor storage yard for additional staging or storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,088
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,581,760
$1.6M
Cap Rate 7%
$1,129,829
$1.1M
Cap Rate 9%
$878,756
$878.8K
Market Conditions
NOI Build-Up for 7,800 SF
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.
Gross rent
$117.9K $15.12/SF
− Vacancy
−$5.0K −$0.64/SF
EGI
$113.0K $14.48/SF
− OpEx
−$33.9K −$4.35/SF
NOI
$79.1K $10.14/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,581,760
Cap Rate 7%
$1,129,829
Cap Rate 9%
$878,756
Alternative Uses
Best Use
Retail
$1.13M
$988.6K – $1.32M
NOI $79,088 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$1.07M
$938.3K – $1.25M
NOI $75,065 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,880 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98953, WA
6,841
Population
2,343
Households
2.9
Avg Household Size
36
Median Age
23%
College-Educated
85%
High-School Grad
60.6 sq mi
ZIP Area
113
Density / Sq Mi
$82,689
Median Household Income
$38,512
Median Earnings
$1,160
Median Rent
$362,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building with retail storefront, warehouse/storage space, and a large outdoor storage yard with a wide roll-up door.
Where is this flex space located?
The property is located at 1130 Buena Rd Zillah, WA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,800 SF commercial building on approximately 3.83 acres of commercial space; Retail storefront space plus warehouse and storage capabilities; Large outdoor storage yard for additional staging or storage
