Industrial Warehouse with Rail
For Sale
Contact for pricing
503 Prospect Rd, Moxee, WA 98936
Light industrial warehouse with substantial power, HVAC capacity, grade-level access, and expansion room.
Property Size65,524 SF
Lot Size9.54 Acres
Price / SF$93.10
Days on Market207
Property Features for 503 Prospect Rd
General Information
Standard status
Active
Size
65,524 SF
Lot size
9.54 Acres
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Warehouse & Industrial
Clear Height
25 ft
Office Build-Out
3,000 SF
Drive-In Doors
7
Rail Access
Yes
Power
4,800 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Utilities to Site
Yes
Land Use
industrial
Amenities
security cameras
fiber optics
Listing Agency:
Keller Williams Yakima Valley
(509) 594-7989
Listed By:
Russell Roberts, CCIM
(509) 594-7989
Source:
Moodyscre
Added: Jan 14
Changed: Aug 8
Last Checked: Aug 9 at 8:21AM
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 Keller Williams Yakima Valley
Investment Insights
Based on property information with market context.
This 65,524-square-foot warehouse is situated on 9.54 acres and includes approximately 3,000 square feet of office space. The building has seven 14-foot grade-level doors, interior clearances of 25 feet at the peak and 22 feet at the eaves, and a covered, sprinkled rear area of approximately 10,000 square feet that is excluded from the stated building area. A concrete vault room measures approximately 800 square feet and includes a 12-foot roll-up door.
The property is zoned light industrial and served by one rail spur, 480V three-phase power rated at 4,800 amps, and an 8-inch water line supporting dry and wet sprinkler systems. Building systems include 35 HVAC units providing 360 tons of total capacity, new fiber optics, and 136 security cameras. The property is located at 503 Prospect Rd in Moxee, Washington, on the outskirts of Yakima.
The property is zoned light industrial and served by one rail spur, 480V three-phase power rated at 4,800 amps, and an 8-inch water line supporting dry and wet sprinkler systems. Building systems include 35 HVAC units providing 360 tons of total capacity, new fiber optics, and 136 security cameras. The property is located at 503 Prospect Rd in Moxee, Washington, on the outskirts of Yakima.
Key Highlights
- 65,524‑square‑foot warehouse on 9.54 acres
- Zoned light industrial and served by one rail spur
- 480V, 3‑phase power rated at 4,800 amps
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
$519,304
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
8.51%
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%
$10,386,080
$10.4M
Cap Rate 7%
$7,418,629
$7.4M
Cap Rate 9%
$5,770,044
$5.8M
Market Conditions
NOI Build-Up for 65,524 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
$802.0K $12.24/SF
− Vacancy
−$60.2K −$0.92/SF
EGI
$741.9K $11.32/SF
− OpEx
−$222.6K −$3.40/SF
NOI
$519.3K $7.93/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
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%
$10,386,080
Cap Rate 7%
$7,418,629
Cap Rate 9%
$5,770,044
Alternative Uses
Best Use
Office B
$9.96M
$8.72M – $11.62M
NOI $697,487 @ 7.0% cap · market cap 11.43%
Second Best
Warehouse
$9.01M
$7.88M – $10.51M
NOI $630,583 @ 7.0% cap · market cap 10.34%
Theoretical Best
Office A
$13.31M
$11.64M – $15.52M
NOI $931,447 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
25 ft
Clear height
7
Drive-in doors
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Well-served
Demand for This Use
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moxee Self Storage — 401 W Prospect Rd, Moxee, WA 98936
- Country Storage — 2901 La Framboise Rd, Moxee, WA 98936
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial warehouse with substantial power, HVAC capacity, grade-level access, and expansion room.
Where is this warehouse 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: 65,524‑square‑foot warehouse on 9.54 acres; Zoned light industrial and served by one rail spur; 480V, 3‑phase power rated at 4,800 amps
