Automotive Shop with Paint
For Sale
$710,000
609 S 1st St, Yakima, WA 98901
Automotive facility with dedicated repair equipment, multiple service bays, and an adjoining parcel for parking or vehicle storage.
Property Size6,500 SF
Price / SF$109.23
Days on Market10
Property Features for 609 S 1st St
General Information
Standard status
Active
Size
6,500 SF
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,717
Amenities
paint booth
vehicle lift
roll-up doors
power in place
Building Details
Buildings
1
Listing Agency:
Almon Commercial-Residential Real Estate
(509) 480-0733
Listed By:
Nicholas R Mayer · License #90998
(509) 480-0733
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 6:25AM
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 Almon Commercial-Residential Real Estate
Investment Insights
Based on property information with market context.
Located at 609 S 1st St in Yakima, Washington, this 6,500-square-foot automotive building is arranged for collision repair, refinishing, and general automotive sales or service. Improvements include a paint booth, vehicle lift, power service, and four grade-level roll-up doors measuring 10' x 12' each, providing access to the service bays.
The offering also includes an adjacent parcel that can accommodate parking, vehicle storage, or an auto sales lot. The two-parcel configuration expands the property's functional area and supports a range of automotive operations from the same location.
The offering also includes an adjacent parcel that can accommodate parking, vehicle storage, or an auto sales lot. The two-parcel configuration expands the property's functional area and supports a range of automotive operations from the same location.
Key Highlights
- 6,500 SF automotive building at 609 S 1st St, Yakima, WA
- Paint booth and vehicle lift included
- Four 10' x 12' grade‑level roll‑up doors
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
$51,515
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
7.26%
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%
$1,030,300
$1.0M
Cap Rate 7%
$735,929
$735.9K
Cap Rate 9%
$572,389
$572.4K
Market Conditions
NOI Build-Up for 6,500 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
$79.6K $12.24/SF
− Vacancy
−$6.0K −$0.92/SF
EGI
$73.6K $11.32/SF
− OpEx
−$22.1K −$3.40/SF
NOI
$51.5K $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%
$1,030,300
Cap Rate 7%
$735,929
Cap Rate 9%
$572,389
Alternative Uses
Best Use
Retail
$941.5K
$823.8K – $1.10M
NOI $65,907 @ 7.0% cap · market cap 9.28%
Second Best
Industrial
$735.9K
$643.9K – $858.6K
NOI $51,515 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,400 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,428
Businesses Nearby
37k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 38%
Home Improvements & Furnishings 3%
Dutch Bros. Coffee
Dining
11,694 visits/mo
0.2 miles
Jack in the Box
Dining
6,240 visits/mo
0.4 miles
Conoco
Shops & Services
5,758 visits/mo
0.2 miles
Red Lobster
Dining
3,920 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,913 visits/mo
0.5 miles
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Warwick Mobile Truck & Trailer Repair — 8 S 6th Ave, Yakima, WA 98902
- Yakima RPM Mobile Mechanic — 8 S 6th Ave, Yakima, WA 98902
- Rollin Rubber Mobile Tire — 709 W Yakima Ave, Yakima, WA 98902
- Smith Auto Repair & Electric — 12 S 3rd Ave, Yakima, WA 98902
- Bonnie & Clyde's Automotive Center, LLC — 111 S 3rd Ave, Yakima, WA 98902
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with dedicated repair equipment, multiple service bays, and an adjoining parcel for parking or vehicle storage.
Where is this auto shop located?
The property is located at 609 S 1st St Yakima, WA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 6,500 SF automotive building at 609 S 1st St, Yakima, WA; Paint booth and vehicle lift included; Four 10' x 12' grade‑level roll‑up doors
