Mixed-Use Property with
New
For Sale
$2,300,000
2305 Industry Ln, Yakima, WA 98901
Commercial Sale, Yakima, WA
Property Size13,800 SF
Lot Size1.63 Acres
Price / SF$166.67
Days on Market2
Property Features for 2305 Industry Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
INDUST /LIGHT
Parking
31
Directions
Use Maps on phone
Standard status
Active
APN
19132011029
Lot size
1.63 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10473
Amenities
commercial kitchen
custom cocktail station
Building Details
Year built
2009
Listing Agency:
NAI Tri-Cities Commercial
(509) 943-5200
Listed By:
Kenny Teasdale · License #135860
(509) 491-2205
Added: Sep 15
Last Checked: Sep 16 at 4:06AM
MLS# 296419
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes 13,800 SF across two insulated metal-frame structures built in 2009. The improvements combine production and warehouse areas with a finished restaurant and bar component featuring a commercial kitchen, custom cocktail station, and outdoor patio. The layout supports continued industrial and hospitality operations within the same property.
The 1.63-acre site is located in Yakima and carries INDUST /LIGHT zoning. Its combination of industrial improvements and restaurant infrastructure creates a broad physical configuration for an owner-user seeking integrated operational space.
The 1.63-acre site is located in Yakima and carries INDUST /LIGHT zoning. Its combination of industrial improvements and restaurant infrastructure creates a broad physical configuration for an owner-user seeking integrated operational space.
Key Highlights
- 13,800 SF across two insulated metal‑frame structures
- 1.63‑acre mixed‑use property in Yakima
- Built in 2009
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
$140,401
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
6.10%
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%
$2,808,020
$2.8M
Cap Rate 7%
$2,005,729
$2.0M
Cap Rate 9%
$1,560,011
$1.6M
Market Conditions
NOI Build-Up for 13,800 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
$195.4K $14.16/SF
− Vacancy
−$8.2K −$0.59/SF
EGI
$187.2K $13.57/SF
− OpEx
−$46.8K −$3.39/SF
NOI
$140.4K $10.17/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$14.16 /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%
$2,808,020
Cap Rate 7%
$2,005,729
Cap Rate 9%
$1,560,011
Alternative Uses
Best Use
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,401 @ 7.0% cap · market cap 6.10%
Second Best
Warehouse
$1.90M
$1.66M – $2.21M
NOI $132,807 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,172 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
168
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?
Mixed-use property - Two insulated metal-frame buildings combine industrial functionality with a finished hospitality component.
Where is this mixed-use property located?
The property is located at 2305 Industry Ln Yakima, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 13,800 SF across two insulated metal‑frame structures; 1.63‑acre mixed‑use property in Yakima; Built in 2009
