Masonry Flex Space with Outdoor
For Sale
Contact for pricing
204 Butterfield Rd, Yakima, WA 98901
The property combines masonry construction, mezzanine storage, and a fully fenced, gated yard.
Property Size22,400 SF
Price / SF$290.18
Days on Market303
Property Features for 204 Butterfield Rd
General Information
Standard status
Active
Size
22,400 SF
Property subtype
RETAIL
Listing Agency:
SVN Cascades
(509) 902-8800
Listed By:
Kenneth Davis
(509) 949-0860
Source:
Moodyscre
Added: Dec 16, 2025
Changed: Oct 13
Last Checked: Oct 14 at 11:26PM
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 SVN Cascades
Investment Insights
Based on property information with market context.
Built in 2024, this masonry flex property provides 22,400 SF on the main floor with mezzanine storage and 20' clear height. The building includes two GL roll-up doors, while covered outdoor storage extends the usable area beyond the main floor.
The property occupies over 4 acres and includes a fully fenced, gated yard. Its setting is adjacent to the fully controlled intersection of Butterfield Rd. and Terrace Heights Drive, providing a defined access point for the site.
The property occupies over 4 acres and includes a fully fenced, gated yard. Its setting is adjacent to the fully controlled intersection of Butterfield Rd. and Terrace Heights Drive, providing a defined access point for the site.
Key Highlights
- 22,400 SF main floor with mezzanine storage
- 20' clear height and two GL roll‑up doors
- Covered outdoor storage within a fully fenced and gated yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,124
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,542,480
$4.5M
Cap Rate 7%
$3,244,629
$3.2M
Cap Rate 9%
$2,523,600
$2.5M
Market Conditions
NOI Build-Up for 22,400 SF
Gross rent
$338.7K $15.12/SF
− Vacancy
−$14.2K −$0.64/SF
EGI
$324.5K $14.48/SF
− OpEx
−$97.3K −$4.35/SF
NOI
$227.1K $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%
$4,542,480
Cap Rate 7%
$3,244,629
Cap Rate 9%
$2,523,600
Alternative Uses
Best Use
Retail
$3.24M
$2.84M – $3.79M
NOI $227,124 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,529 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,424 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
217
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
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?
Flex space - The property combines masonry construction, mezzanine storage, and a fully fenced, gated yard.
Where is this flex space located?
The property is located at 204 Butterfield Rd Yakima, WA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 22,400 SF main floor with mezzanine storage; 20' clear height and two GL roll‑up doors; Covered outdoor storage within a fully fenced and gated yard
