Fenced Restaurant with Commercial
For Sale
$450,000
1214 S 6th St, Yakima, WA 98901
Ready-to-operate hospitality space with dining furnishings, restrooms, and asphalt parking.
Property Size3,680 SF
Lot Size0.35 Acres
Price / SF$122.28
Days on Market444
Property Features for 1214 S 6th St
General Information
Standard status
Active
Size
3,680 SF
Lot size
0.35 Acres
Property subtype
General Commercial
Zoning
GC
Additional Details
Furnished
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$2,243
Amenities
Window Air Conditioning, Swamp Cooler(s)
3
Composition
15246.0, 15246.0
Building Details
Year Built
1950
Listing Agency:
eXp Realty LLC Seattle
(509) 961-8387
Listed By:
David Young · License #140000
(509) 961-8387
Source:
Xome
Added: Jun 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:55AM
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 eXp Realty LLC Seattle
Investment Insights
Based on property information with market context.
This restaurant property includes a 3,680-square-foot building on a 0.35-acre fully fenced parcel. The interior is arranged for food service and hospitality use, with a functioning commercial kitchen, separate men's and women's restrooms, dining tables, chairs, and two pool tables. Window air conditioning and swamp cooler(s) are listed among the interior features.
The building accommodates up to 147 occupants and provides over 40 asphalt parking spaces. Located at 1214 S 6th St in Yakima, Washington, the property carries General Commercial GC zoning. Built in 1950, it offers an established restaurant layout with equipment and furnishings in place for continued operation.
The building accommodates up to 147 occupants and provides over 40 asphalt parking spaces. Located at 1214 S 6th St in Yakima, Washington, the property carries General Commercial GC zoning. Built in 1950, it offers an established restaurant layout with equipment and furnishings in place for continued operation.
Key Highlights
- 3,680‑square‑foot restaurant building on a 0.35‑acre fully fenced lot
- Functioning commercial kitchen with dining tables, chairs, and two pool tables
- 147‑person maximum occupancy
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
$37,440
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
8.32%
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%
$748,800
$748.8K
Cap Rate 7%
$534,857
$534.9K
Cap Rate 9%
$416,000
$416.0K
Market Conditions
NOI Build-Up for 3,680 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
$52.1K $14.16/SF
− Vacancy
−$2.2K −$0.59/SF
EGI
$49.9K $13.57/SF
− OpEx
−$12.5K −$3.39/SF
NOI
$37.4K $10.17/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$748,800
Cap Rate 7%
$534,857
Cap Rate 9%
$416,000
Alternative Uses
Best Use
Specialty Retail
$534.9K
$468.0K – $624.0K
NOI $37,440 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$416.6K
$364.6K – $486.1K
NOI $29,165 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$747.3K
$653.9K – $871.9K
NOI $52,313 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
90k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 27%
Home Improvements & Furnishings 2%
Electronics 1%
McDonald's
Dining
39,042 visits/mo
0.2 miles
Starbucks
Dining
11,435 visits/mo
0.2 miles
Little Caesars Pizza
Dining
10,054 visits/mo
0.4 miles
AutoZone
Shops & Services
6,128 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
5,064 visits/mo
0.2 miles
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ready-to-operate hospitality space with dining furnishings, restrooms, and asphalt parking.
Where is this conventional restaurant located?
The property is located at 1214 S 6th St Yakima, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,680‑square‑foot restaurant building on a 0.35‑acre fully fenced lot; Functioning commercial kitchen with dining tables, chairs, and two pool tables; 147‑person maximum occupancy
