West Yakima Mixed-Use
4813 Tieton Drive Yakima, WA 98908
4813 Tieton Drive, Yakima, WA, 98908
$375,000
For Sale
$375,000
Mixed-use commercial property with three units and immediate income.
Property Size2,920 SF
Price / SF$128.42
Days on Market142
Property Features for 4813 Tieton Drive
General Information
- Standard status
- Active
- Size
- 2,920 SF
- Property subtype
- OFC, SCR-FREE
Building Details
- Year Built
- 1942
Listing Agency
KW Commercial Yakima Valley
(509) 594-7989
Listed by
Russ Roberts · License #26317
(509) 594-7989
Source
Realnex
Added: Feb 24 Checked: Jul 16 at 12:31 pm
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.
This mixed-use commercial property is located on a corner in West Yakima, offering 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 is 1,150 square feet with a secure, enclosed 460-square-foot storage shed and is leased for $1,173 per month plus $260 per month for storage. The middle unit is 750 square feet and is leased for $650 per month. The rear unit is 660 square feet and is leased for $632 per month. The property features three current tenants, providing income. The front two units are month-to-month, offering flexibility, while the dog grooming tenant occupies the rear unit with a lease in place through September 2028.
Key Highlights
- Prime West Yakima corner location with high visibility and strong traffic counts.
- Immediate income from three existing tenants.
- Versatile mixed‑use property suitable for office and/or retail.
Local Financial Insights For Office B
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 | $44.5k | $15.24 |
| − Vacancy | −$3.1k | −$1.05 |
| EGI | $41.4k | $14.19 |
| − OpEx | −$10.4k | −$3.55 |
| NOI | $31.1k | $10.64 |
2,920 SF · lease $15.24/SF/yr · vacancy 6.87% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stitch n Quilt ...
(Bike/Boat/Book/etc) Store
A Midsummer Night
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial property with three units and immediate income.
Where is this mixed-use property located?
The property is located at 4813 Tieton Drive 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: Prime West Yakima corner location with high visibility and strong traffic counts.; Immediate income from three existing tenants.; Versatile mixed‑use property suitable for office and/or retail.
