West Yakima Mixed-Use Commercial
For Sale
Contact for pricing
Pending
4813 Tieton Dr, Yakima, WA 98908
Versatile property with three units, ideal for investors/owner-users.
Property Size2,920 SF
Days on Market174
Property Features for 4813 Tieton Dr
General Information
Standard status
Pending
Size
2,920 SF
Class
C
Property subtype
Office, Retail
Zoning
B2
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
1962
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
KW Commercial Yakima Valley
(509) 594-7989
Listed By:
Russ Roberts · License #WA 26317
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 8 at 2:49PM
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 KW Commercial Yakima Valley
Investment Insights
Based on property information with market context.
Located on a corner in West Yakima, this mixed-use commercial property offers visibility and traffic. The property totals 2,920 square feet and is configured into three units suitable for office or retail use. The front unit, comprising 1,150 square feet with a secure, enclosed 460-square-foot storage shed, is leased. The middle unit is 750 square feet and is leased. The rear unit is 660 square feet and is leased. The property features three current tenants, providing income. The front two units are month-to-month, offering flexibility for an owner-occupant, while the dog grooming tenant occupies the rear unit with a lease in place through September 2028. The property is suitable for investors or owner-users seeking additional income.
Key Highlights
- High‑visibility corner location in West Yakima with strong traffic counts.
- Immediate income from three existing tenants.
- Flexible layout suitable for office or retail use.
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
$31,083
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
8.29%
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%
$621,660
$621.7K
Cap Rate 7%
$444,043
$444.0K
Cap Rate 9%
$345,367
$345.4K
Market Conditions
NOI Build-Up for 2,920 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
$44.5K $15.24/SF
− Vacancy
−$3.1K −$1.05/SF
EGI
$41.4K $14.19/SF
− OpEx
−$10.4K −$3.55/SF
NOI
$31.1K $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%
$621,660
Cap Rate 7%
$444,043
Cap Rate 9%
$345,367
Alternative Uses
Best Use
Office B
$444.0K
$388.5K – $518.1K
NOI $31,083 @ 7.0% cap · market cap 8.29%
Second Best
Retail
$423.0K
$370.1K – $493.5K
NOI $29,607 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$593.0K
$518.9K – $691.8K
NOI $41,509 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 98908, WA
38,205
Population
15,496
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
105.7 sq mi
ZIP Area
361
Density / Sq Mi
$80,266
Median Household Income
$43,789
Median Earnings
$1,302
Median Rent
$356,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile property with three units, ideal for investors/owner-users.
Where is this mixed-use property located?
The property is located at 4813 Tieton Dr Yakima, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: High‑visibility corner location in West Yakima with strong traffic counts.; Immediate income from three existing tenants.; Flexible layout suitable for office or retail use.
