Rail-Served Industrial Distribution
For Sale
$6,100,000
503 W Prospect Pl, Moxee, WA 98936
Comm/Industrial, Moxee, WA
Property Size66,476 SF
Lot Size10.00 Acres
Price / SF$91.76
Days on Market273
Property Features for 503 W Prospect Pl
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
M1 - Light Indus
Directions
From Yakima, take I-82 East toward Moxee. Take Exit 44 for WA-24 / Moxee. Turn right onto WA-24 and continue into Moxee. Turn left onto Rivard Road, then turn right onto W Prospect Street. Continue west on W Prospect to 503 W Prospect. Property will be on the right.
Subdivision
11 - Moxee Area
Standard status
Active
APN
191201-22003
Size
66,476 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
43857
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Flooring type
Concrete
Building materials
Frame
Roof type
Built-Up
Listing Agency:
Keller Williams Yakima Valley · Keller Williams Realty
(509) 966-1020
Listed By:
Russ Roberts, · License #26317
(509) 594-7989
Added: Jan 14
Changed: Oct 14
Last Checked: Oct 14 at 10:06PM
MLS# 26-217
Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 66,476-square-foot industrial distribution facility occupies a 10-acre parcel at 503 W Prospect Pl in Moxee. The building includes approximately 4,000 square feet of finished office area and is 45% leased on a NNN basis. Its west side contains five matching rooms that can be combined, along with two additional rooms of 2,500 square feet each. Building dimensions include a 25-foot peak height and 22-foot eaves, with three 14-foot roll-up doors and drive-through capability.
A rail spur runs along the east side of the property. The facility is equipped with 4,800 amps of 480V, 3-phase power and an 8-foot water line. Other features include upgraded HVAC, a sprinkler system, concrete flooring, and parking along the front and west sides. Built in 1986, the building has a frame structure, forced-air heating, central air, and public water.
A rail spur runs along the east side of the property. The facility is equipped with 4,800 amps of 480V, 3-phase power and an 8-foot water line. Other features include upgraded HVAC, a sprinkler system, concrete flooring, and parking along the front and west sides. Built in 1986, the building has a frame structure, forced-air heating, central air, and public water.
Key Highlights
- 66,476‑square‑foot facility on a 10‑acre parcel
- 45% leased on a NNN lease; includes approximately 4,000 square feet of finished office space
- East‑side rail spur and drive‑through building access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$526,849
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,536,980
$10.5M
Cap Rate 7%
$7,526,414
$7.5M
Cap Rate 9%
$5,853,878
$5.9M
Market Conditions
NOI Build-Up for 66,476 SF
Gross rent
$813.7K $12.24/SF
− Vacancy
−$61.0K −$0.92/SF
EGI
$752.6K $11.32/SF
− OpEx
−$225.8K −$3.40/SF
NOI
$526.8K $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 Rate 5%
$10,536,980
Cap Rate 7%
$7,526,414
Cap Rate 9%
$5,853,878
Alternative Uses
Best Use
Warehouse
$9.14M
$8.00M – $10.66M
NOI $639,745 @ 7.0% cap · market cap 10.49%
Second Best
Industrial
$7.53M
$6.59M – $8.78M
NOI $526,849 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$13.50M
$11.81M – $15.75M
NOI $944,980 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
45%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
76
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - A rail spur on the property’s east side supports freight movement.
Where is this distribution center located?
The property is located at 503 W Prospect Pl 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: 66,476‑square‑foot facility on a 10‑acre parcel; 45% leased on a NNN lease; includes approximately 4,000 square feet of finished office space; East‑side rail spur and drive‑through building access
