Fenced Flex Building with Truck
For Sale
$1,050,000
612 Wilson Ln, Yakima, WA 98901
Level, graveled parcels provide gated access, overhead doors, office areas, and storage for commercial operations.
Property Size3,910 SF
Price / SF$268.54
Days on Market415
Property Features for 612 Wilson Ln
General Information
Standard status
Active
Size
3,910 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,276
Amenities
Wall Air Conditioning
3
Concrete
Composition
3 Parking Spaces.
Level
83500.0, 83500.0
Paved Road, Level.
Building Details
Year Built
1983
Listing Agency:
(509) 834-0356
Listed By:
Yakima
(509) 969-7128
Source:
Xome
Added: Jul 15, 2025
Changed: Aug 30
Last Checked: Aug 31 at 3:31PM
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 Yakima
Investment Insights
Based on property information with market context.
This flex property includes two level, graveled parcels totaling 1.92 acres and a 3,910-square-foot concrete block building constructed in 1983. The structure contains 1,870 square feet of enclosed space, two large overhead doors, office areas, and two stories of storage with additional office space. A further 2,040 square feet is dedicated to covered storage and parking. Wall air conditioning is included, and the site has paved-road access.
The property is fully fenced and has two gated entries, with access suitable for large trucks. The address is 612 Wilson Ln in Yakima, Washington. The site also includes three parking spaces and a level layout that supports straightforward vehicle movement and storage use.
The property is fully fenced and has two gated entries, with access suitable for large trucks. The address is 612 Wilson Ln in Yakima, Washington. The site also includes three parking spaces and a level layout that supports straightforward vehicle movement and storage use.
Key Highlights
- Two level, graveled parcels totaling 1.92 acres
- 3,910‑square‑foot concrete block building constructed in 1983
- 1,870 square feet of enclosed area with two large overhead 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
$37,629
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
3.58%
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%
$752,580
$752.6K
Cap Rate 7%
$537,557
$537.6K
Cap Rate 9%
$418,100
$418.1K
Market Conditions
NOI Build-Up for 3,910 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
$47.9K $12.24/SF
− Vacancy
−$3.6K −$0.92/SF
EGI
$44.3K $11.32/SF
− OpEx
−$6.6K −$1.70/SF
NOI
$37.6K $9.62/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
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%
$752,580
Cap Rate 7%
$537,557
Cap Rate 9%
$418,100
Alternative Uses
Best Use
Warehouse
$537.6K
$470.4K – $627.2K
NOI $37,629 @ 7.0% cap · market cap 3.58%
Second Best
Industrial
$442.7K
$387.4K – $516.5K
NOI $30,988 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$794.0K
$694.8K – $926.4K
NOI $55,582 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Level, graveled parcels provide gated access, overhead doors, office areas, and storage for commercial operations.
Where is this flex space located?
The property is located at 612 Wilson Ln Yakima, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two level, graveled parcels totaling 1.92 acres; 3,910‑square‑foot concrete block building constructed in 1983; 1,870 square feet of enclosed area with two large overhead doors
