Mixed-Use Property with Fenced
New
For Sale
$429,000
1507-B S 18th Ave, Yakima, WA 98902
Comm/Industrial, Yakima, WA
Property Size1,620 SF
Lot Size0.49 Acres
Price / SF$264.81
Days on Market4
Property Features for 1507-B S 18th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R2 - 2 Fam Res
Directions
W on W Nob Hill, S on S 20th, L on W Mead, R on S 18th Ave
Subdivision
3B - Btwn S 16th/40th
Standard status
Active
APN
181335-11410
Size
1,620 SF
Lot size
0.49 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1143
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1968
Building materials
Frame
Roof type
Metal
Buildings
3
Listing Agency:
Kelly Right Real Estate of TC
(509) 489-7000
Listed By:
Shawn Kloster · License #83752
(509) 492-2157
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 2 at 5:06PM
MLS# 26-3321
Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,528-square-foot office with reception, kitchenette, conference room, four private offices, and one bathroom. A separate 1,476-square-foot storage building has four overhead doors. The 1,620-square-foot shop is heated with natural gas and includes a ground-floor bathroom. Above the shop, a studio apartment has a kitchen, full bathroom, and both interior and exterior access.
The 0.49-acre property has a gated, fully enclosed parking yard. The three lots may be acquired together or individually. The frame building dates to 1968 and has a metal roof and public water.
The 0.49-acre property has a gated, fully enclosed parking yard. The three lots may be acquired together or individually. The frame building dates to 1968 and has a metal roof and public water.
Key Highlights
- Three lots offered together or separately
- 1,528‑square‑foot office with four offices, conference room, kitchenette, reception area, and one bathroom
- 1,476‑square‑foot storage building with four overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,245
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,900
$344.9K
Cap Rate 7%
$246,357
$246.4K
Cap Rate 9%
$191,611
$191.6K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$24.7K $15.24/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$23.0K $14.19/SF
− OpEx
−$5.7K −$3.55/SF
NOI
$17.2K $10.64/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,900
Cap Rate 7%
$246,357
Cap Rate 9%
$191,611
Alternative Uses
Best Use
Office B
$246.4K
$215.6K – $287.4K
NOI $17,245 @ 7.0% cap · market cap 4.02%
Second Best
Warehouse
$222.7K
$194.9K – $259.8K
NOI $15,590 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$329.0K
$287.9K – $383.8K
NOI $23,029 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 98902, WA
47,589
Population
17,723
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
78%
High-School Grad
9.3 sq mi
ZIP Area
5,117
Density / Sq Mi
$60,050
Median Household Income
$36,900
Median Earnings
$1,045
Median Rent
$237,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, storage, shop, and studio apartment space are arranged within a gated, fenced property.
Where is this mixed-use property located?
The property is located at 1507-B S 18th Ave Yakima, WA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three lots offered together or separately; 1,528‑square‑foot office with four offices, conference room, kitchenette, reception area, and one bathroom; 1,476‑square‑foot storage building with four overhead doors
