Industrial Property with Storage
For Sale
Contact for pricing
1806 Birch St, Yakima, WA 98901
Four tenant spaces, fenced outdoor storage, and M-1 zoning support a multi-tenant light industrial configuration.
Property Size4,296 SF
Lot Size1.06 Acres
Price / SF$209.50
Days on Market12
Property Features for 1806 Birch St
General Information
Standard status
Active
Size
4,296 SF
Lot size
1.06 Acres
Property subtype
INDUSTRIAL
Zoning
M-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
Keller Williams Yakima Valley
(509) 966-1020
Listed By:
Russell Roberts, CCIM
(509) 594-7989
Source:
Moodyscre
Added: Sep 16
Changed: Sep 27
Last Checked: Sep 26 at 2:28PM
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 Keller Williams Yakima Valley
Investment Insights
Based on property information with market context.
Four buildings totaling approximately 4,296 square feet occupy approximately 1.06 acres of M-1 Light Industrial land in Yakima. The property includes four tenant spaces and two fenced outdoor storage yards. Four tenants hold one-year leases, providing current occupancy alongside a multi-building layout and exterior storage areas.
The site is near Fair Avenue, East Nob Hill Boulevard, and Interstate 82. The M-1 designation is associated with light industrial uses, including manufacturing, processing, research, wholesale trade, storage, and distribution; proposed uses remain subject to applicable approvals. Seller financing is also identified as an available acquisition structure for qualified buyers.
The site is near Fair Avenue, East Nob Hill Boulevard, and Interstate 82. The M-1 designation is associated with light industrial uses, including manufacturing, processing, research, wholesale trade, storage, and distribution; proposed uses remain subject to applicable approvals. Seller financing is also identified as an available acquisition structure for qualified buyers.
Key Highlights
- Four buildings totaling approximately 4,296 square feet
- Approximately 1.06 acres zoned M‑1 Light Industrial
- Four existing tenant spaces occupied under one‑year leases
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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Open Analytics
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
Check the figures for this property
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, fenced outdoor storage, and M-1 zoning support a multi-tenant light industrial configuration.
Where is this industrial property located?
The property is located at 1806 Birch St 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 totaling approximately 4,296 square feet; Approximately 1.06 acres zoned M‑1 Light Industrial; Four existing tenant spaces occupied under one‑year leases
