Listing Agency: NAI Tri-Cities Commercial Show Phone

Listed By: Kenny Teasdale · License #135860 Show Phone

Source: Moodyscre

Added: Apr 7, 2022 Changed: Oct 5 Last Checked: Oct 16 at 11:15AM

Report an Issue

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 NAI Tri-Cities Commercial

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex space property comprises multiple structures with a combined building area of approximately 11,399 square feet. The configuration includes both office and warehouse components, supporting a range of commercial operations within one property. An additional 4,648-square-foot covered carport area provides space for fleet vehicles, storage, or other operational needs.

Located at 2105 Terrace Heights Drive in Yakima, the property occupies a corner position with exposure to approximately 30,000 vehicles per day. The site also offers signage potential along a visible commercial corridor.

Key Highlights

• Approximately 11,399 SF across multiple structures
• Office and warehouse space within the property
• Additional 4,648 SF of covered carport area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$109,701

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,194,020 $2.2M

Cap Rate 7%

$1,567,157 $1.6M

Cap Rate 9%

$1,218,900 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,399 SF

Gross rent

$139.5K $12.24/SF

− Vacancy

−$10.5K −$0.92/SF

EGI

$129.1K $11.32/SF

− OpEx

−$19.4K −$1.70/SF

NOI

$109.7K $9.62/SF

Area

Yakima County, WA

Vacancy

7.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,194,020

Cap Rate 7%

$1,567,157

Cap Rate 9%

$1,218,900

Alternative Uses

Best Use

Office B

$1.73M

$1.52M – $2.02M (±1% cap)

NOI $121,340 @ 7.0% cap · market cap 9.33%

Second Best

Warehouse

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,701 @ 7.0% cap · market cap 8.44%

Theoretical Best

Office A

$2.31M

$2.03M – $2.70M (±1% cap)

NOI $162,041 @ 7.0% cap · market cap 12.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Morton & Sons, Inc. Agricultural Supply Yakima Group Law Firm

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Building Supply Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

194

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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 Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Versatile Yakima Property For Sale

2105 Terrace Heights Dr-Parcel 19132012002, Yakima, WA 98901

Contact for pricing

11,399 SF

View details

Manufacturing Facility with Two Bays

2607 Ahtanum Rd, Yakima, WA 98903

Contact for pricing

10,000 SF

View details

Auto Shop Corner Property

1514 South 18th Avenue, Yakima, WA 98901

$799,000

View details

Yakima Industrial Opportunity For Sale

2200 Industry Ln, Yakima, WA 98901

$899,000

4,080 SF

View details

Secure Flex Space with Vault

1214 Fruitvale Blvd, Yakima, WA 98902

Contact for pricing

6,496 SF

View details

Masonry Flex Space with Outdoor Storage

204 Butterfield Rd, Yakima, WA 98901

Contact for pricing

22,400 SF

View details

Turn-Key Warehouse and Showroom Facility

1508 E NOB HILL BLVD, Yakima, WA 98901

Contact for pricing

25,600 SF

View details

Flexible Commercial Space with Private Rooms

5802 Summitview Ave, Yakima, WA 98908

Contact for pricing

4,236 SF

View details

Medical Office Suite with Exam Rooms

120 S 72nd Ave, Yakima, WA 98908

Contact for pricing

2,100 SF

View details

Medical Office Space with Doctor’s Office Setup

1220 S 1st St, Yakima, WA 98901

Contact for pricing

2,060 SF

View details

Office/Warehouse Building For Sale

114 N 4th St, Yakima, WA 98901

Contact for pricing

86,375 SF

View details

Commercial-Zoned Office Units

1021 Fruitvale Blvd, Yakima, WA 98902

$219,900

View details

Frequently Asked Questions

What type of property is this?

Flex space - Multi-structure commercial property combining office and warehouse areas with covered vehicle storage.

Where is this flex space located?

The property is located at 2105 Terrace Heights Dr Yakima, WA.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Approximately 11,399 SF across multiple structures; Office and warehouse space within the property; Additional 4,648 SF of covered carport area