Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ahtanum Ridge Business Park Lot Title is generated by Realmo AI

    1236 Ahtanum Ridge Dr, Union Gap, WA 98903

    View on Map
    Claim this Listing
    For Sale
    $590,000

    Prime commercial lot in rapidly expanding Union Gap area.

    Type:Land
    Added:
    Mar 24, 2026
    Days on Market:
    66
    Last Refresh:
    May 26 at 12:46 am

    Property Features for 1236 Ahtanum Ridge Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Phil Simpson

    Listing agent Phil Simpson License #26472

    Listing office United Country Real Estate - Dedicated Realty

    Listing date Mar 24, 2026

    Source Exprealty

    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 United Country Real Estate - Dedicated Realty

    HighLights

    • Prime location in rapidly expanding Ahtanum Ridge Business Park.
    • Zoned B2, offering versatile business opportunities.
    • Easy freeway access for convenient transportation.
    • Build‑to‑suit and land lease options available.
    • Surrounded by established businesses (Franz Bakery Outlet, Dept of Labor and Industries, medical offices, Holiday Inn Express).
    • Adjacent lot available for potential expansion up to 3.94 acres.

    Overview

    This commercial lot is located in the Ahtanum Ridge Business Park, an area of Union Gap experiencing rapid expansion. The property is zoned B2 and offers easy freeway access. Neighboring businesses include Franz Bakery Outlet, the Department of Labor and Industries, medical offices, and a Holiday Inn Express. The property is suitable for purchase or build-to-suit development. Land lease options are also available. An adjacent lot is also available, offering a combined total of up to 3.94 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Union Gap
    County
    Yakima
    State
    Washington
    Longitude
    -120.4956389
    Latitude
    46.5563966

    Nearby Similar for Sale

    • $3,500,000
      21,255 SF

      Union Gap Redevelopment Opportunity

      Prime 2.92-acre commercial site in Union Gap, Washington.
      2506 Old Town Rd, Union Gap, WA 98903
      View Details
    • $625,000
      2,424 SF

      Newer Duplex Investment Opportunity

      New construction duplex built in 2024 with strong rental potential.
      1917 Landon Ave, Union Gap, WA 98903
      View Details
    • $2,100,000

      Prime Commercial Parcel on Valley Mall

      9.7-acre commercial parcel in Union Gap's retail corridor.
      1815 W Ahtanum Rd, Union Gap, WA 98903
      View Details
    • $8,000,000
      364,369 SF

      Union Gap Warehouse For Sale

      364,369 SF warehouse on 31.25 acres in Union Gap.
      600 W Ahtanum Rd, Union Gap, WA 98903
      View Details
    • $590,000

      Commercial Lot in Union Gap

      Prime commercial lot for sale in a rapidly expanding area.
      1236 Ahtanum Ridge Drive #12, Union Gap, WA 98903
      View Details
    • $485,694

      Customizable Flex Industrial Space

      15,000 SF flex space with build-to-suit options.
      1225 Industrial Way, Union Gap, WA
      View Details
    • $1,717,464

      Union Gap Commercial Land Available

      1.88 acre commercial land for sale in Union Gap.
      Tbd Adelyn Way, Union Gap, WA 98903
      View Details
    • $1,600,000

      Union Gap Industrial Land

      4.93 acre industrial land for sale in Union Gap.
      1101 Industrial Way, Union Gap, WA 98903
      View Details
    • $2,948,098

      Commercial Land on Main Street

      Commercial land with utilities, suitable for various business ventures.
      4207 Main St, Union Gap, WA 98903
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial lot in rapidly expanding Union Gap area.
    Where is this commercial land located?
    The property is located at 1236 Ahtanum Ridge Dr Union Gap, WA.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: Prime location in rapidly expanding Ahtanum Ridge Business Park.; Zoned B2, offering versatile business opportunities.; Easy freeway access for convenient transportation.
    (509) 654-8086
    We can help!
    Listing Contact
    Phil Simpson
    Real Estate License ID: 26472
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1236 Ahtanum Ridge Dr, Union Gap, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!