Flex Property with Gated
New
For Sale
$329,000
1507 S 18th Ave, Yakima, WA 98902
Comm/Industrial, Yakima, WA
Property Size1,528 SF
Lot Size0.24 Acres
Price / SF$215.31
Days on Market2
Property Features for 1507 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
181335-11411, 181335-11437
Size
1,528 SF
Lot size
0.24 Acres
Additional Details
Property Use
Commercial/Industrial
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2287
Utilities
Cooling system
Central Air
Water source
Public
Amenities
kitchenette
conference room
Building Details
Year built
1971
Building materials
Frame
Roof type
Composition
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: Oct 31 at 1:06PM
MLS# 26-3319
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 flex property combines a 1,528-square-foot office building, a 1,476-square-foot storage building, and a 1,620-square-foot shop. The office includes reception space, a kitchenette, shared areas, a conference room, four private offices, and one bathroom. Four overhead doors serve the storage building. The gas-heated shop has a bathroom on the main level, with a studio apartment above that includes a kitchen and full bathroom. The apartment can be reached from inside the shop or through a separate exterior entrance.
A gated, fully enclosed yard provides on-site parking. The property comprises three lots, available as a group or individually, and is zoned R2. Built in 1971, the office building has frame construction and central air conditioning.
A gated, fully enclosed yard provides on-site parking. The property comprises three lots, available as a group or individually, and is zoned R2. Built in 1971, the office building has frame construction and central air conditioning.
Key Highlights
- Three lots available together or separately; 0.24 acres total
- 1,528‑square‑foot office building with four offices and a conference room
- 1,476‑square‑foot storage building with 4 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,705
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,100
$294.1K
Cap Rate 7%
$210,071
$210.1K
Cap Rate 9%
$163,389
$163.4K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$18.7K $12.24/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$17.3K $11.32/SF
− OpEx
−$2.6K −$1.70/SF
NOI
$14.7K $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%
$294,100
Cap Rate 7%
$210,071
Cap Rate 9%
$163,389
Alternative Uses
Best Use
Warehouse
$210.1K
$183.8K – $245.1K
NOI $14,705 @ 7.0% cap · market cap 4.47%
Second Best
Industrial
$173.0K
$151.4K – $201.8K
NOI $12,110 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$310.3K
$271.5K – $362.0K
NOI $21,721 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Under-served
Demand for This Use
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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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Goodman's Smokehouse — 2706 Clinton Way, Yakima, WA 98902
Frequently Asked Questions
What type of property is this?
Flex space - A combination of office, storage, and shop space is set within a fenced, gated yard.
Where is this flex space located?
The property is located at 1507 S 18th Ave Yakima, WA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three lots available together or separately; 0.24 acres total; 1,528‑square‑foot office building with four offices and a conference room; 1,476‑square‑foot storage building with 4 overhead doors
