Select-Service Hotel with 74
1614 N FIRST ST Yakima, WA 98901
1614 N FIRST ST, Yakima, WA, 98901
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For Sale
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Interior-corridor Best Western Plus hotel with 74 keys, recently completed PIP, and direct access to I-82 and Highway 12.
Property Size38,364 SF
Price / SF$203.32
Days on Market78
Property Features for 1614 N FIRST ST
General Information
- Standard status
- Active
- Size
- 38,364 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1996
Listing agency
Crystal Investment Property
(503) 530-1316
Listed by
Joseph Kennedy · License #ID SP41734
Source
Crexi
Added: May 5 Updated: Jul 21 at 5:42AM Checked: Jul 21 at 5:42AM
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 Crystal Investment Property
Investment Insights
Based on property information with market context.
Best Western Plus Yakima Hotel is a 74-key, interior corridor, select-service hotel operating under the Best Western Plus brand. The property recently completed a full PIP. Guestroom accommodations include king and queen suites, an apartment-style unit with a full kitchen, and ADA-compliant options.
The hotel is located near downtown Yakima with direct access from both Interstate 82 and Highway 12, supporting drive-to travel demand. Central Washington’s Yakima market is positioned within the region’s travel reach, serving year-round business, leisure, and group travelers.
The building features an interior corridor layout and a mix of suite and apartment-style accommodations, including ADA-compliant options.
The hotel is located near downtown Yakima with direct access from both Interstate 82 and Highway 12, supporting drive-to travel demand. Central Washington’s Yakima market is positioned within the region’s travel reach, serving year-round business, leisure, and group travelers.
The building features an interior corridor layout and a mix of suite and apartment-style accommodations, including ADA-compliant options.
Key Highlights
- Best Western Plus Yakima Hotel: 74‑key, interior‑corridor select‑service property
- Recently completed full PIP (property improvement plan)
- Guestroom mix includes king and queen suites, plus an apartment‑style unit with a full kitchen
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $690.6k | $18.00 |
| − Vacancy | −$82.9k | −$2.16 |
| EGI | $607.7k | $15.84 |
| − OpEx | −$319.0k | −$8.32 |
| NOI | $288.7k | $7.52 |
38,364 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.12M
$3.61M – $4.81M
NOI $288,651 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.79M
$6.82M – $9.09M
NOI $545,358 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
wilco
Building Supply
Best Western Plus ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Interior-corridor Best Western Plus hotel with 74 keys, recently completed PIP, and direct access to I-82 and Highway 12.
Where is this hotel located?
The property is located at 1614 N FIRST ST Yakima, WA.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Best Western Plus Yakima Hotel: 74‑key, interior‑corridor select‑service property; Recently completed full PIP (property improvement plan); Guestroom mix includes king and queen suites, plus an apartment‑style unit with a full kitchen
