Moxee Light Industrial
For Sale
$6,100,000
503 W Prospect Rd, Moxee, WA 98936
66,476 SF light industrial facility on 10 acres.
Property Size66,476 SF
Lot Size10.00 Acres
Price / SF$91.76
Days on Market224
Property Features for 503 W Prospect Rd
General Information
Standard status
Active
Size
66,476 SF
Lot size
10.00 Acres
Taxes and HOA fees
Annual Taxes
$43,857
Listing Agency:
Keller Williams Yakima Valley
(509) 594-7989
Listed By:
Russ Roberts · License #26317
(509) 594-7989
Source:
Exprealty
Added: Jan 14
Changed: Aug 21
Last Checked: Aug 25 at 10:17AM
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.
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 = 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
$526,849
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
8.64%
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%
$10,536,980
$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
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
$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 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%
$10,536,980
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 W 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.
