Yakima Industrial Investment
For Sale
$899,000
2200 Industry Ln, Yakima, WA 98901
NNN-leased industrial property with redevelopment potential in Yakima, Washington.
Property Size6,281 SF
Price / SF$143.13
Days on Market158
Property Features for 2200 Industry Ln
General Information
Standard status
Active
Size
6,281 SF
Property subtype
Industrial
Building Details
Building Size
6,281 SF
Year Built
1974
Listing Agency:
SVN | Cornerstone
(509) 251-7716
Listed By:
Ariel Mizrahi · License #WA #25031188
Source:
Svn
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:19AM
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 | Cornerstone
Investment Insights
Based on property information with market context.
Located at 2200 Industry Ln, Yakima, WA, this industrial property is a strategic investment situated in Yakima’s M1-zoned corridor. The property features 6,281 square feet of improvements on a lot with approximately 94% yard coverage, which is fenced and graveled for secure outdoor storage. The improvements include approximately 2,400 square feet of shop space, approximately 2,201 square feet of storage space, and approximately 1,680 square feet of office space, providing operational flexibility. This NNN-leased IOS asset offers durable in-place income and potential for future owner-user or redevelopment. Yakima, WA, is an expanding hub for logistics, food processing, and contractor yard operations. Positioned within the Terrace Heights industrial corridor, the site benefits from strategic access to key transportation routes and regional infrastructure. This business-friendly submarket supports a wide range of industrial, warehousing, and distribution uses, with convenient access to services and labor. The property is zoned M-1 (Light Industrial) and is ideal for an owner-user, investor, or redevelopment play.
Key Highlights
- Strategic industrial investment property in Yakima's M1‑zoned corridor.
- NNN‑leased IOS asset providing durable in‑place income.
- ±94% yard coverage, fenced and graveled, ideal for secure outdoor storage.**
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
$66,860
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
7.44%
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%
$1,337,200
$1.3M
Cap Rate 7%
$955,143
$955.1K
Cap Rate 9%
$742,889
$742.9K
Market Conditions
NOI Build-Up for 6,281 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
$95.7K $15.24/SF
− Vacancy
−$6.6K −$1.05/SF
EGI
$89.1K $14.19/SF
− OpEx
−$22.3K −$3.55/SF
NOI
$66.9K $10.64/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
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%
$1,337,200
Cap Rate 7%
$955,143
Cap Rate 9%
$742,889
Alternative Uses
Best Use
Office B
$955.1K
$835.8K – $1.11M
NOI $66,860 @ 7.0% cap · market cap 7.44%
Second Best
Warehouse
$863.5K
$755.6K – $1.01M
NOI $60,446 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,287 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - NNN-leased industrial property with redevelopment potential in Yakima, Washington.
Where is this flex space located?
The property is located at 2200 Industry Ln Yakima, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Strategic industrial investment property in Yakima's M1‑zoned corridor.; NNN‑leased IOS asset providing durable in‑place income.; ±94% yard coverage, fenced and graveled, ideal for secure outdoor storage.**
