Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2920 Outlook Road - Lot 1 Sunnyside, WA 98944

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $48,000

    Land in wine country ideal for housing or mixed-use projects.

    Type:Commercial
    Added:
    Nov 21, 2025
    Days on Market:
    140
    Last Refresh:
    Dec 3 at 5:42 am

    Property Features for 2920 Outlook Road - Lot 1

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Katora Yim
    Katora Yim

    Listing agent Katora Yim License #9804062

    Listing office Katora Realty, LLC

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Katora Realty, LLC

    Overview

    Sunnyside Land Ready for Development

    This property presents an opportunity for a Planned Unit Development. Situated in Sunnyside, between Tri-Cities and Yakima, it lies in the heart of Washington wine country. The area is surrounded by agricultural producers and is experiencing growth as Tri-Cities expands westward. The site includes two wells and graded land ready for construction. Zoning and infrastructure make this suitable for housing or mixed-use projects. The adjacent lot is under contract pending feasibility for a 350–400 unit residential development. The property also benefits from easy access to Interstate 82 and no impact fees.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sunnyside
    County
    Yakima
    State
    Washington
    Longitude
    -119.973
    Latitude
    46.3648

    Nearby Similar for Sale

    • $325,000
      1,678 SF

      Sunnyside Duplex For Sale

      Centrally located duplex in Sunnyside, WA, ideal for investors.
      228/230 Nicolai Avenue, Sunnyside, WA 98944
      View Details
    • $799,900
      7,084 SF

      Renovated Office and Retail Building

      Versatile 7,084 SF building in Lower Yakima County.
      401 S 7th Street, Sunnyside, WA 98944
      View Details
    • $720,000

      Sunnyside Land Ready for Development

      Development land in wine country with strong wells and utilities.
      Tbd Outlook Road - Lot 3, Sunnyside, WA 98944
      View Details
    • $3,264,000

      Development Land in Sunnyside, WA

      Prime development land in Sunnyside, WA, ideal for PUD.
      Tbd Outlook Road, Sunnyside, WA 98944
      View Details
    • $205,000

      Sunnyside WA Residential Land Parcel

      Spacious, level 2.15 acre parcel in a peaceful rural setting.
      WILLOCREST DR, Sunnyside, WA 98944
      View Details
    • $20
      8,784 SF

      Retail Space Near Wal Mart

      Retail space in a busy Sunnyside shopping center.
      2685 E Lincoln Ave E, Sunnyside, WA
      View Details
    • $400,000

      Sunnyside Agricultural Land For Sale

      23.43 acres of agricultural land in Sunnyside, Washington.
      Nka Green Valley Road, Sunnyside, WA 98944
      View Details
    • $1,344,000

      Sunnyside Land Ready for Development

      28-acre lot in Sunnyside, WA, ideal for commercial development.
      Tbd Outlook Road - Lot 2, Sunnyside, WA 98944
      View Details
    • $1,200,000

      Sunnyside Land Ready for Development

      25 acres in wine country, ideal for commercial development.
      Tbd Outlook Road - Lot 1, Sunnyside, WA 98944
      View Details
    • $727,320

      Sunnyside 33-Acre Buildable Lots

      33-acre property with 4 buildable lots near town.
      1870 Phipps Rd., Sunnyside, WA 98944
      View Details
    • $99,900

      Residential Lot with View

      Residential lot with owner financing and beautiful views.
      313 NW Crescent Ave, Sunnyside, WA 98944
      View Details
    • $260,000

      Residential Land in Sunnyside, WA

      Residential land with well and power in urban growth area.
      803 Bagley RD, Sunnyside, WA 98944
      View Details

    FAQs

    What type of property is this?
    Land - Land in wine country ideal for housing or mixed-use projects.
    Where is this land located?
    The property is located at 2920 Outlook Road - Lot 1 Sunnyside, WA.
    What is the asking price?
    The asking price for this property is $48,000.
    What are key features of this property?
    This property features: Excellent opportunity for a Planned Unit Development (PUD) with strong city support.; Located in the heart of Washington wine country, experiencing steady growth due to Tri‑Cities expansion.; Priced at an exceptional value, just under $1.10 per sq ft.
    (732) 455-3479
    We can help!
    Listing Contact
    Katora Yim
    Katora Yim
    Real Estate License ID: 9804062
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!