Flex Space with Fenced Yard
For Sale
Contact for pricing
2200 Industry Ln, Yakima, WA 98901
M-1 flex/industrial building on a 94% fenced, graveled yard for secure outdoor storage.
Property Size6,281 SF
Price / SF$143.13
Days on Market186
Property Features for 2200 Industry Ln
General Information
Standard status
Active
Size
6,281 SF
Property subtype
INDUSTRIAL
Zoning
M-1
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
2,201 SF
Office Build-Out
1,680 SF
Building Details
Building Size
6,281 SF
Listing Agency:
SVN Cornerstone LLC
(509) 251-7716
Listed By:
Ariel Mizrahi · License #22008121
(509) 251-7716
Source:
Moodyscre
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 8:39PM
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 LLC
Investment Insights
Based on property information with market context.
2200 Industry Ln, Yakima, WA 98901 is a 6,281 SF NNN-leased IOS flex/industrial property positioned for secure outdoor storage. The site includes a 94% yard-covered, fenced, and graveled lot designed to support operations that require protected yard space.
The property’s improvements total 6,281 SF, including a 2,400 SF shop, 2,201 SF of storage space, and 1,680 SF of office. This layout provides a practical mix of work, storage, and administrative space within a single facility.
Located in Yakima’s Terrace Heights industrial corridor, the property is zoned M-1 (Light Industrial), offering a straightforward industrial platform for an owner-operator or an investing buyer evaluating longer-term repositioning opportunities.
The property’s improvements total 6,281 SF, including a 2,400 SF shop, 2,201 SF of storage space, and 1,680 SF of office. This layout provides a practical mix of work, storage, and administrative space within a single facility.
Located in Yakima’s Terrace Heights industrial corridor, the property is zoned M-1 (Light Industrial), offering a straightforward industrial platform for an owner-operator or an investing buyer evaluating longer-term repositioning opportunities.
Key Highlights
- NNN‑leased IOS industrial flex space
- 94% yard coverage with fenced and graveled outdoor storage
- 6,281 SF total improvements
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
$60,446
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
6.72%
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%
$1,208,920
$1.2M
Cap Rate 7%
$863,514
$863.5K
Cap Rate 9%
$671,622
$671.6K
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
$76.9K $12.24/SF
− Vacancy
−$5.8K −$0.92/SF
EGI
$71.1K $11.32/SF
− OpEx
−$10.7K −$1.70/SF
NOI
$60.4K $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 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%
$1,208,920
Cap Rate 7%
$863,514
Cap Rate 9%
$671,622
Alternative Uses
Best Use
Warehouse
$863.5K
$755.6K – $1.01M
NOI $60,446 @ 7.0% cap · market cap 6.72%
Second Best
Industrial
$711.1K
$622.2K – $829.7K
NOI $49,779 @ 7.0% cap · market cap 5.54%
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
Current Use
Lease Details
Yes
Fenced yard
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 Industrial 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 - M-1 flex/industrial building on a 94% fenced, graveled yard for secure outdoor storage.
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: NNN‑leased IOS industrial flex space; 94% yard coverage with fenced and graveled outdoor storage; 6,281 SF total improvements
