Flex Warehouse and Office with
120 N Puterbaugh Rd Grandview, WA 98930
For Sale
Contact for pricing
Warehouse and office on zoned General Commercial land, including a rented manufactured home.
Property Size6,240 SF
Lot Size5.20 Acres
Price / SF$312.50
Days on Market830
Property Features for 120 N Puterbaugh Rd
General Information
Standard status
Active
Size
6,240 SF
Lot size
5.20 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Wilson R.E. Management, LLC
(509) 728-0654
Listed By:
Roger Wilson · License #17888
Source:
Moodyscre
Added: Apr 22, 2024
Changed: Jul 26
Last Checked: Jul 26 at 2:16PM
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 R.E. Management, LLC
Investment Insights
Based on property information with market context.
This potential development site includes a 6,240-sf warehouse and office building, along with approximately 5.2 acres of usable land. The property also features a 1,876-sf, 3-bedroom manufactured home that is currently rented. The building is described as a former farm retail store.
Situated next to a development with a truck stop, the property is located along Yakima Valley Highway. It is also right along I-82 and visible from the freeway, which may support a range of retail and other commercially oriented uses under the property’s General Commercial zoning.
Situated next to a development with a truck stop, the property is located along Yakima Valley Highway. It is also right along I-82 and visible from the freeway, which may support a range of retail and other commercially oriented uses under the property’s General Commercial zoning.
Key Highlights
- Former farm retail store with 6,240 SF warehouse and office space
- About 5.2 acres of usable land zoned General Commercial
- Also includes a 1,876 SF, 3‑bedroom manufactured home currently rented for $1,335/month
Financial Insights For Office B
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 | $95.1k | $15.24 |
| − Vacancy | −$6.5k | −$1.05 |
| EGI | $88.6k | $14.19 |
| − OpEx | −$22.1k | −$3.55 |
| NOI | $66.4k | $10.64 |
6,240 SF · lease $15.24/SF/yr · vacancy 6.87% · expense 25.00%
Alternative Uses
Best Use
Office B
$948.9K
$830.3K – $1.11M
NOI $66,423 @ 7.0% cap · market cap 3.41%
Second Best
Warehouse
$857.9K
$750.7K – $1.00M
NOI $60,052 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,704 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office on zoned General Commercial land, including a rented manufactured home.
Where is this flex space located?
The property is located at 120 N Puterbaugh Rd Grandview, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Former farm retail store with 6,240 SF warehouse and office space; About 5.2 acres of usable land zoned General Commercial; Also includes a 1,876 SF, 3‑bedroom manufactured home currently rented for $1,335/month
