Four-Building Industrial
For Sale
$900,000
1806 Birch Ln, Yakima, WA 98901
Comm/Industrial, Yakima, WA
Property Size4,296 SF
Lot Size0.95 Acres
Price / SF$209.50
Days on Market12
Property Features for 1806 Birch Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M1 - Light Indus
Lot features
Fenced - Part, Irregular, Paved Road
Directions
From E Nob Hill Blvd, head south on S 18th St. Continue approximately 0.8 miles, then turn right onto Birch St. Property is located at 1806 Birch St.
Subdivision
1B - SE Yakima
Standard status
Active
APN
191329-42474
Size
4,296 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2435
Utilities
Heating system
Space Heater
Water source
Public
Building Details
Year built
1985
Flooring type
Concrete
Building materials
Frame
Roof type
Metal
Listing Agency:
Keller Williams Yakima Valley · Keller Williams Realty
(509) 966-1020
Listed By:
Russ Roberts, · License #26317
(509) 949-2192
Added: Sep 16
Changed: Sep 25
Last Checked: Sep 27 at 4:06PM
MLS# 26-2946
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.
Investment Insights
Based on property information with market context.
The property comprises four buildings with 4,296 square feet of building area on M-1 Light Industrial land. Four tenant spaces are occupied under one-year leases. Two fenced outdoor storage yards add exterior storage capacity. The buildings were constructed in 1985 and have frame construction, concrete flooring, metal roofing, space heating, and a public water source.
The M-1 designation supports light industrial positioning. The existing configuration combines multiple buildings, tenant occupancy, and outdoor storage on one property.
The M-1 designation supports light industrial positioning. The existing configuration combines multiple buildings, tenant occupancy, and outdoor storage on one property.
Key Highlights
- Four buildings with 4,296 square feet of total building area
- Four occupied tenant spaces under one‑year leases
- Two dedicated fenced outdoor storage yards
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
$34,048
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
3.78%
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%
$680,960
$681.0K
Cap Rate 7%
$486,400
$486.4K
Cap Rate 9%
$378,311
$378.3K
Market Conditions
NOI Build-Up for 4,296 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
$52.6K $12.24/SF
− Vacancy
−$3.9K −$0.92/SF
EGI
$48.6K $11.32/SF
− OpEx
−$14.6K −$3.40/SF
NOI
$34.0K $7.93/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /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%
$680,960
Cap Rate 7%
$486,400
Cap Rate 9%
$378,311
Alternative Uses
Best Use
Industrial
$486.4K
$425.6K – $567.5K
NOI $34,048 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$872.4K
$763.4K – $1.02M
NOI $61,069 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
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?
Industrial property - Four tenant spaces and two fenced outdoor storage areas serve a range of light industrial operations.
Where is this industrial property located?
The property is located at 1806 Birch Ln Yakima, WA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four buildings with 4,296 square feet of total building area; Four occupied tenant spaces under one‑year leases; Two dedicated fenced outdoor storage yards
