Turn-Key Warehouse and Showroom
For Sale
Contact for pricing
1508 E NOB HILL BLVD, Yakima, WA 98901
Former retail, showroom, and distribution facility with recently renovated building, showroom space, warehouse areas, and roll-up loading doors.
Property Size25,600 SF
Price / SF$214.84
Days on Market95
Property Features for 1508 E NOB HILL BLVD
General Information
Standard status
Active
Size
25,600 SF
Property subtype
Retail, Industrial
Zoning
General Commerical
Investment Type
Owner/User
Site & Location
Traffic Count
32,000 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
3
Building Details
Year Built
1979
Year Renovated
2023
Buildings
1
Stories
1
Units
1
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Clayton J. Brown · License #WA 123258
Source:
Crexi
Added: Jul 8
Changed: Oct 10
Last Checked: Oct 9 at 6:07PM
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 Marcus & Millichap - Seattle
Investment Insights
Based on property information with market context.
This turn-key commercial facility was formerly used as a Great Floors retail, showroom, and distribution operation and has been recently renovated. The property includes a recently renovated 25,600-square-foot building featuring approximately 8,400 square feet of showroom space, 14,700 square feet of warehouse/distribution area, and multiple private offices, along with supporting amenities. Improvements completed during 2022–2023 include a 10,000-square-foot building addition, structural repairs and maintenance, HVAC replacement and updated mechanical systems, LED lighting upgrades, and other site improvements.
The facility is located on a highly visible commercial corridor just off Interstate 82. It sits near the signalized intersection of E Nob Hill Boulevard and S 18th Street, with access to Interstate 82. The property is equipped with three grade-level roll-up doors, one dock-high loading position, high-clear warehouse space, a fenced yard area, ample parking, and prominent pylon signage.
The facility is located on a highly visible commercial corridor just off Interstate 82. It sits near the signalized intersection of E Nob Hill Boulevard and S 18th Street, with access to Interstate 82. The property is equipped with three grade-level roll-up doors, one dock-high loading position, high-clear warehouse space, a fenced yard area, ample parking, and prominent pylon signage.
Key Highlights
- Recently renovated 25,600 SF retail/showroom/distribution facility built in 1979
- $2.9M renovation (2022–2023) included a 10,000 SF addition, HVAC replacement, updated mechanical systems, and LED lighting upgrades
- Layout includes approx. 8,400 SF showroom space plus approx. 14,700 SF warehouse/distribution area and multiple private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,570
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,191,400
$5.2M
Cap Rate 7%
$3,708,143
$3.7M
Cap Rate 9%
$2,884,111
$2.9M
Market Conditions
NOI Build-Up for 25,600 SF
Gross rent
$387.1K $15.12/SF
− Vacancy
−$16.3K −$0.64/SF
EGI
$370.8K $14.48/SF
− OpEx
−$111.2K −$4.35/SF
NOI
$259.6K $10.14/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,191,400
Cap Rate 7%
$3,708,143
Cap Rate 9%
$2,884,111
Alternative Uses
Best Use
Retail
$3.71M
$3.24M – $4.33M
NOI $259,570 @ 7.0% cap · market cap 4.72%
Second Best
Warehouse
$3.52M
$3.08M – $4.11M
NOI $246,367 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $363,913 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
3
Drive-in doors
32,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Former retail, showroom, and distribution facility with recently renovated building, showroom space, warehouse areas, and roll-up loading doors.
Where is this warehouse located?
The property is located at 1508 E NOB HILL BLVD Yakima, WA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Recently renovated 25,600 SF retail/showroom/distribution facility built in 1979; $2.9M renovation (2022–2023) included a 10,000 SF addition, HVAC replacement, updated mechanical systems, and LED lighting upgrades; Layout includes approx. 8,400 SF showroom space plus approx. 14,700 SF warehouse/distribution area and multiple private offices
