Properties For Sale

at 503 Prospect Rd

503 W. Prospect Rd AVAILABLE, Lease Execution

Floor 1

Size 36,988 SF

Type INDUSTRIAL

Lease Type NNN

For Lease: 36,988sf of light industrial space located in the city of Moxee. This is the west side of the building (see floorplan) that comes with 5 separate identical room (these can be easily removed to open up the space) plus 2 additional rooms of 2500sf. 25’ at the peak and 22’ at the eves. The space has (3) 14’ rollup doors and the ability to drive through the building. Tons of 3-phase power to the building with 480V and 4800amps. 8” water line to the building to serve the sprinkler system and more HVAC than needed. Lots of parking in front on and down the west side of the property.

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Listing Agency: Keller Williams Yakima Valley Show Phone

Listed By: Russell Roberts, CCIM Show Phone

Source: Moodyscre

Added: Jan 14 Changed: Oct 26 Last Checked: Oct 28 at 12:28PM

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Investment Insights

Based on property information with market context.

Located in Moxee, this 66,476 square foot light industrial facility is situated on a 10-acre parcel. The property is currently 45% leased to a national tenant on a NNN lease, which includes approximately 4,000 square feet of finished office space. A rail spur is located on the east side of the property. The west side of the building features five separate identical rooms that can be adapted into an expansive, open layout, plus two additional rooms spanning 2,500 square feet each. The building has a peak height of 25 feet and 22-foot eaves. Access is provided by three 14' rollup doors and a drive-through capability. The property features 4,800 amps of 480V, 3-phase power and an 8' water line. The climate is controlled by an upgraded HVAC system. A sprinkler system and ample parking are available.

Key Highlights

• Large 66,476 sq ft light industrial facility on 10 acres.
• Currently 45% leased to a national tenant (Kustom US) on a NNN lease.
• Features a rail spur on the east side for high‑volume shipping.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$355,961

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,119,220 $7.1M

Cap Rate 7%

$5,085,157 $5.1M

Cap Rate 9%

$3,955,122 $4.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 36,988 SF

Gross rent

$452.7K $12.24/SF

− Vacancy

−$34.0K −$0.92/SF

EGI

$418.8K $11.32/SF

− OpEx

−$62.8K −$1.70/SF

NOI

$356.0K $9.62/SF

Area

Yakima County, WA

Vacancy

7.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,119,220

Cap Rate 7%

$5,085,157

Cap Rate 9%

$3,955,122

Alternative Uses

Best Use

Warehouse

$5.09M

$4.45M – $5.93M (±1% cap)

NOI $355,961 @ 7.0% cap · market cap 5.84%

Second Best

Industrial

$4.19M

$3.66M – $4.89M (±1% cap)

NOI $293,145 @ 7.0% cap · market cap 4.81%

Theoretical Best

Office A

$7.51M

$6.57M – $8.76M (±1% cap)

NOI $525,798 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Parking Lot & Garage Pharmacy Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 98936, WA

6,846

Population

2,782

Households

2.5

Avg Household Size

34

Median Age

19%

College-Educated

86%

High-School Grad

138.6 sq mi

ZIP Area

49

Density / Sq Mi

$95,625

Median Household Income

$45,544

Median Earnings

$1,288

Median Rent

$325,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar For Sale Nearby

See more

Rail-Served Industrial Distribution Center

503 W Prospect Pl, Moxee, WA 98936

$6,100,000

66,476 SF

View details

Drive-Through Warehouse Space

503 W Prospect Pl, Moxee, WA 98936

Contact for pricing

36,988 SF

View details

Frequently Asked Questions

What type of property is this?

Manufacturing property - 66,476 SF light industrial facility on 10 acres.

Where is this manufacturing property located?

The property is located at 503 Prospect Rd Moxee, WA.

What is the asking price?

The asking price for this property is $6,100,000.

What are key features of this property?

This property features: Large 66,476 sq ft light industrial facility on 10 acres.; Currently 45% leased to a national tenant (Kustom US) on a NNN lease.; Features a rail spur on the east side for high‑volume shipping.