Flexible Commercial Space with Private
5802 Summitview Ave, Yakima, WA 98908
For Sale
Contact for pricing
Adaptable two-level layout includes office space, restrooms, storage, and a partially divided open area.
Property Size4,236 SF
Price / SF$0.00
Days on Market181
Property Features for 5802 Summitview Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
John L Scott Yakima
(509) 966-9900
Listed By:
Quincey Abrams
(509) 571-0988
Source:
Exprealty
Added: May 12
Changed: Nov 6
Last Checked: Nov 8 at 6:18AM
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 John L Scott Yakima
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Investment Insights
Based on property information with market context.
This flexible commercial property provides 4,236 square feet on the main level, with the upper floor excluded from the stated building area. The primary level offers an open layout with a partially partitioned section, private office, and two restrooms, including one with a shower. Upstairs are five private rooms, a shared sink area, and two sizable storage rooms. The property was previously operated as a fitness training facility.
A shared parking lot serves the property along with Safeway+ Starbucks, Summit Thrift, and other established businesses. The building is adjacent to Chalet Mall, adding convenient access to a broader commercial setting. Its combination of open space, enclosed rooms, office support, restrooms, and storage accommodates a range of commercial configurations.
A shared parking lot serves the property along with Safeway+ Starbucks, Summit Thrift, and other established businesses. The building is adjacent to Chalet Mall, adding convenient access to a broader commercial setting. Its combination of open space, enclosed rooms, office support, restrooms, and storage accommodates a range of commercial configurations.
Key Highlights
- 4,236 square feet on the main level; upper level not included in the square footage
- Second floor includes five private rooms, common area with sink, and two large storage spaces
- Main level has an open floor plan, private office, two restrooms, and a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,107
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,140
$622.1K
Cap Rate 7%
$444,386
$444.4K
Cap Rate 9%
$345,633
$345.6K
Market Conditions
NOI Build-Up for 4,236 SF
Gross rent
$51.8K $12.24/SF
− Vacancy
−$4.0K −$0.94/SF
EGI
$47.9K $11.30/SF
− OpEx
−$16.7K −$3.95/SF
NOI
$31.1K $7.34/SF
Area
Yakima County, WA
Vacancy
7.70%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,140
Cap Rate 7%
$444,386
Cap Rate 9%
$345,633
Alternative Uses
Best Use
Industrial
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 239,800.00%
Second Best
Flex RnD
$444.4K
$388.8K – $518.5K
NOI $31,107 @ 7.0% cap · market cap 222,192.86%
Theoretical Best
Office A
$860.2K
$752.7K – $1.00M
NOI $60,216 @ 7.0% cap · market cap 430,114.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 98908, WA
38,205
Population
15,496
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
105.7 sq mi
ZIP Area
361
Density / Sq Mi
$80,266
Median Household Income
$43,789
Median Earnings
$1,302
Median Rent
$356,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Yakima County, WA
Properties on Market for Flex space in Yakima County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- 2 Busy 2 Cook — 6002 Summitview Ave, Yakima, WA 98908
- Catering Creations by Toni — 6002 Summitview Ave, Yakima, WA 98908
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable two-level layout includes office space, restrooms, storage, and a partially divided open area.
Where is this flex space located?
The property is located at 5802 Summitview Ave Yakima, WA.
What are key features of this property?
This property features: 4,236 square feet on the main level; upper level not included in the square footage; Second floor includes five private rooms, common area with sink, and two large storage spaces; Main level has an open floor plan, private office, two restrooms, and a shower
