Auto Shop Corner
New
For Sale
$799,000
1514 South 18th Avenue, Yakima, WA 98901
General Commercial-zoned site with multiple shop buildings, vehicle lifts, office space, and prominent corner exposure.
Property Size4,834 SF
Days on Market3
Property Features for 1514 South 18th Avenue
General Information
Standard status
Active
Size
4,834 SF
Property subtype
Retail
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
890 SF
Amenities
vehicle lift
overhead roll-up doors
bathroom
kitchen area
private offices
reception area
Building Details
Building Size
4,834 SF
Buildings
3
Listing Agency:
Almon Commercial Real Estate
Listed By:
Nick Mayer · License #90998
(509) 480-0733
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 7 at 5:16AM
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 Almon Commercial Real Estate
Investment Insights
Based on property information with market context.
This General Commercial-zoned property at 1514 South 18th Avenue includes a vehicle sales lot and detail shop on more than an acre. Improvements include a 50' x 40' insulated metal shop with a vehicle lift, three 10' x 14' overhead roll-up doors, a bathroom, and kitchen area. A second 1,440-square-foot shop adds two vehicle lifts and a 12' x 12' overhead roll-up door.
The approximately 890-square-foot office building provides two private offices, two bathrooms, a reception area, and a kitchen. The corner site offers exposure along a heavily traveled north-south arterial, with access minutes from I-82, Valley Mall, and E. Nob Hill Boulevard. The property is currently operating as a vehicle sales lot and detail shop, with the improvements and zoning supporting automotive sales and service, equipment or vehicle rental, boat or RV sales, heavy equipment sales, and contractor-related operations.
The approximately 890-square-foot office building provides two private offices, two bathrooms, a reception area, and a kitchen. The corner site offers exposure along a heavily traveled north-south arterial, with access minutes from I-82, Valley Mall, and E. Nob Hill Boulevard. The property is currently operating as a vehicle sales lot and detail shop, with the improvements and zoning supporting automotive sales and service, equipment or vehicle rental, boat or RV sales, heavy equipment sales, and contractor-related operations.
Key Highlights
- General Commercial (GC) zoning on more than an acre
- 50' x 40' insulated metal shop with vehicle lift and three 10' x 14' roll‑up doors
- 1,440 SF secondary shop with two vehicle lifts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,014
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,280
$980.3K
Cap Rate 7%
$700,200
$700.2K
Cap Rate 9%
$544,600
$544.6K
Market Conditions
NOI Build-Up for 4,834 SF
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.
Gross rent
$73.1K $15.12/SF
− Vacancy
−$3.1K −$0.64/SF
EGI
$70.0K $14.48/SF
− OpEx
−$21.0K −$4.35/SF
NOI
$49.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,280
Cap Rate 7%
$700,200
Cap Rate 9%
$544,600
Alternative Uses
Best Use
Retail
$700.2K
$612.7K – $816.9K
NOI $49,014 @ 7.0% cap · market cap 6.13%
Second Best
Industrial
$547.3K
$478.9K – $638.5K
NOI $38,311 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$981.7K
$859.0K – $1.15M
NOI $68,717 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Yakima Tires & Wheels — 66 w mead ave, yakima, wa 98902
- Mendoza Auto Repair Llc — 906 W Mead Ave, Yakima, WA 98902
- Sinaloa Tires — 906 W Mead Ave, Yakima, WA 98902
- Uli’s mobile mechanic — 1406 S 11th Ave, Yakima, WA 98902
- Oil Can Henry's — 2495 W Nob Hill Blvd, Yakima, WA 98902
Frequently Asked Questions
What type of property is this?
Auto shop - General Commercial-zoned site with multiple shop buildings, vehicle lifts, office space, and prominent corner exposure.
Where is this auto shop located?
The property is located at 1514 South 18th Avenue Yakima, WA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: General Commercial (GC) zoning on more than an acre; 50' x 40' insulated metal shop with vehicle lift and three 10' x 14' roll‑up doors; 1,440 SF secondary shop with two vehicle lifts
