Corner Flex Property with Covered
2105 Terrace Heights Dr., Yakima, WA 98901
For Sale
$1,300,000
Commercial Sale, Yakima, WA
Property Size11,399 SF
Lot Size4.05 Acres
Price / SF$114.05
Days on Market1508
Property Features for 2105 Terrace Heights Dr.
General Information
Property type
Property subtype
Zoning
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Kenny Teasdale · License #135860
(509) 491-2205
Added: Sep 23, 2022
Changed: Oct 12
Last Checked: Nov 8 at 3:06PM
MLS# 264478
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2004, this flex property comprises multiple structures combining office and warehouse areas totaling approximately +/-11,399 SF. The improvements also include approximately +/-4,648 SF of covered carport area, providing additional space for fleet-related functions, storage, or other operational needs. The property occupies 4.05 acres and is zoned General Commercial.
Positioned at a corner in Yakima, the site benefits from reported traffic exposure of 30K VPD. Its location along Terrace Heights Dr. and the combination of enclosed commercial space with covered area create a practical layout for businesses requiring both workspace and protected storage capacity.
Positioned at a corner in Yakima, the site benefits from reported traffic exposure of 30K VPD. Its location along Terrace Heights Dr. and the combination of enclosed commercial space with covered area create a practical layout for businesses requiring both workspace and protected storage capacity.
Key Highlights
- Approximately +/-11,399 SF of combined office and warehouse space
- Approximately +/-4,648 SF of covered carport area
- 4.05‑acre commercial property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,701
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,020
$2.2M
Cap Rate 7%
$1,567,157
$1.6M
Cap Rate 9%
$1,218,900
$1.2M
Market Conditions
NOI Build-Up for 11,399 SF
Gross rent
$139.5K $12.24/SF
− Vacancy
−$10.5K −$0.92/SF
EGI
$129.1K $11.32/SF
− OpEx
−$19.4K −$1.70/SF
NOI
$109.7K $9.62/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,194,020
Cap Rate 7%
$1,567,157
Cap Rate 9%
$1,218,900
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,340 @ 7.0% cap · market cap 9.33%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,701 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$2.31M
$2.03M – $2.70M
NOI $162,041 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Well-served
Demand for This Use
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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
$268,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Yakima County, WA
Properties on Market for Flex space in Yakima County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Flex space - General Commercial zoning supports a mixed office and warehouse configuration.
Where is this flex space located?
The property is located at 2105 Terrace Heights Dr. Yakima, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately +/-11,399 SF of combined office and warehouse space; Approximately +/-4,648 SF of covered carport area; 4.05‑acre commercial property
