2506 Old Town Rd, Union Gap, WA 98903
COMMERCIAL - Union Gap, WA
- Added:
- Apr 10, 2026
- Days on Market:
- 85
- Last Refresh:
- Jul 3 at 7:06 pm
Property Features for 2506 Old Town Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 191332-33005
- Size
- 21,255 SF
- Lot size
- 2.92 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 12730
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1948
- Flooring type
- Carpet, Concrete, Wood
- Building materials
- Block
- Roof type
- Composition, Metal
Listing agent Pat Lawler (509) 248-5050
Listing office Coldwell Banker Cascade Real Estate 205 N 40th Ave Suite 203, Yakima, WA (509) 248-5050
Listing date Apr 10, 2026
Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- +/-2.92‑acre Commercial Gateway site on Old Town Rd across from Valley Mall
- Existing structure built in 1948 with flexible potential for adaptive reuse or redevelopment
- Utilities available: power, public city water, and city sewer; flat topography
- Heating includes natural gas forced air and electric (heating); flooring includes carpet, concrete, and wood
- Roof materials: composition and metal; construction materials include block
- I‑82 is less than 0.5 mile away; location coordinates provided for Union Gap, WA
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $405.5k | $19.08 |
| − Vacancy | −$27.9k | −$1.31 |
| EGI | $377.7k | $17.77 |
| − OpEx | −$151.1k | −$7.11 |
| NOI | $226.6k | $10.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Union Gap
- County
- Yakima
- State
- Washington
- Longitude
- -120.48369
- Latitude
- 46.565197
