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

    501 E Wine Country Rd Grandview, WA 98930

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,300,000

    3.81-acre property with shop space and potential residence/office.

    Property size:
    3,184 SF
    Lot size:
    3.81 Acres

    Property Features for 501 E Wine Country Rd

    General Information

    Standard status
    Active
    Zoning
    M1 - Light Industrial
    Size
    3,184 SF
    Lot size
    3.81 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Russ Roberts
    Russ Roberts
    Source: Crexi

    Listing Agency: KW Commercial Yakima Valley Listing Agent: Russ Roberts

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Grandview Industrial Property with Shop

    This 3.81-acre property is located on the main corridor in Grandview. The property includes a 1800 square foot shop space that contains an EPA-approved 15x50 paint booth. The site also offers the potential for an on-site residence or office. The yard is fully fenced and secured. Zoned light industrial, this location is suitable for an owner-operator business seeking a dedicated work facility with a residential component or commercial redevelopment.
    Location Intelligence

    Current Use by Public Records

    Christensen, Inc. Fuel Supplier R.E. Powell Distributing Distribution Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Yakima
    State
    Washington
    Longitude
    -119.895659
    Latitude
    46.2563737

    Nearby Similar for Sale

    • New
      $639,995
      2,510 SF

      New Grandview Duplex For Sale

      New construction duplex with modern finishes in Grandview, Washington.
      401 E Bonnieview Rd, Grandview, WA 98930
      View Details
    • $639,995
      2,510 SF

      New Duplex in Grandview, WA

      New construction duplex with modern finishes and income potential.
      401 E Bonnieview Rd, Grandview, WA 98930
      View Details
    • $675,000
      26.48 Acres

      Grandview Orchard with Vineyard

      26.48 acres featuring vineyard and fruit trees.
      91 Belma Rd, Grandview, WA 98930
      View Details
    • $689,000
      400 SF

      Turnkey Orchard with Cosmic Crisp®

      20-acre orchard featuring Cosmic Crisp® trees and irrigation.
      Grandview Nna Mt Vw Rd, Grandview, WA 98930
      View Details
    • $349,900
      23.00 Acres

      Grandview Irrigated Farmland Opportunity

      23 acres of irrigated farmland in wine and hop country.
      Nka Apricot Rd, Grandview, WA
      View Details
    • $425,000
      Pending

      Grandview Office For Sale

      Office building for sale in Grandview, Washington.
      607 E Wine Country Rd, Grandview, WA 98930
      View Details
    • Contact for pricing
      2,600 SF

      Grandview Office/Retail Building For Sale

      2600 sq ft office/retail building in Grandview, WA.
      223 W Wine Country Rd, Grandview, WA 98930
      View Details
    • $450,000
      4,169 SF

      Grandview Commercial Building - Wine Country Rd

      Prime Grandview location, 4,169 sq ft commercial space.
      918 Wine Country Rd, Grandview, WA 98930
      View Details

    FAQs

    What type of property is this?
    Flex space - 3.81-acre property with shop space and potential residence/office.
    Where is this flex space located?
    The property is located at 501 E Wine Country Rd Grandview, WA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 3.81-acre property zoned light industrial, ideal for owner-operator or commercial redevelopment.; - **1800sf shop space with EPA-approved 15x50 paint booth.**; - Potential on-site residence or office.
    (509) 594-7989
    Request Owner's contact information
    501 E Wine Country Rd Grandview, WA 98930
    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.
    501 E Wine Country Rd
    Grandview, WA 98930
    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
    501 E Wine Country Rd Grandview, WA 98930
    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

    We can help!
    Listing Contact
    Russ Roberts
    Russ Roberts
    Real Estate License ID: 26317
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!