Sprinklered Warehouse For
For Sale
Contact for pricing
7502 Campbell Rd, Toppenish, WA 98948
For-sale warehouse with sprinkler system and level access off a paved road.
Property Size33,000 SF
Price / SF$204.55
Days on Market97
Property Features for 7502 Campbell Rd
General Information
Standard status
Active
Size
33,000 SF
Property subtype
Special Purpose
Building Details
Year Built
2005
Listing Agency:
Coldwell Banker Cascade Real Estate
Listed By:
Michael Gibbons · License #WA
Source:
Crexi
Added: Jun 3
Changed: Aug 27
Last Checked: Sep 7 at 6:12AM
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 Coldwell Banker Cascade Real Estate
Investment Insights
Based on property information with market context.
This for-sale warehouse offers a level, functional layout for industrial storage or operations, supported by an in-place sprinkler system. The property is presented on a paved road setting, which supports straightforward site access for vehicles and deliveries. A view is noted as part of the overall property setting.
The property is located at 7502 Campbell Rd in Toppenish, WA, providing a dedicated parcel configured for warehouse use. With a total building size of approximately 33,000 square feet, the asset is positioned to support a range of industrial tenant requirements that benefit from a level facility and sprinklered protection.
For prospective buyers, this warehouse configuration can be a practical fit for organizations seeking a straightforward industrial asset with sprinkler system coverage and dependable site access via a paved road. The combination of an established warehouse build and the noted site and utility characteristics may help simplify near-term planning for storage, distribution, or other warehouse-based needs, subject to buyer verification of all intended uses.
The property is located at 7502 Campbell Rd in Toppenish, WA, providing a dedicated parcel configured for warehouse use. With a total building size of approximately 33,000 square feet, the asset is positioned to support a range of industrial tenant requirements that benefit from a level facility and sprinklered protection.
For prospective buyers, this warehouse configuration can be a practical fit for organizations seeking a straightforward industrial asset with sprinkler system coverage and dependable site access via a paved road. The combination of an established warehouse build and the noted site and utility characteristics may help simplify near-term planning for storage, distribution, or other warehouse-based needs, subject to buyer verification of all intended uses.
Key Highlights
- Warehouse built in 2005
- Level access off a paved road
- Sprinkler system included
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
$317,582
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
4.70%
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%
$6,351,640
$6.4M
Cap Rate 7%
$4,536,886
$4.5M
Cap Rate 9%
$3,528,689
$3.5M
Market Conditions
NOI Build-Up for 33,000 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
$403.9K $12.24/SF
− Vacancy
−$30.3K −$0.92/SF
EGI
$373.6K $11.32/SF
− OpEx
−$56.0K −$1.70/SF
NOI
$317.6K $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%
$6,351,640
Cap Rate 7%
$4,536,886
Cap Rate 9%
$3,528,689
Alternative Uses
Best Use
Warehouse
$4.54M
$3.97M – $5.29M
NOI $317,582 @ 7.0% cap · market cap 4.70%
Second Best
Industrial
$3.74M
$3.27M – $4.36M
NOI $261,538 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$6.70M
$5.86M – $7.82M
NOI $469,107 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98948, WA
13,416
Population
3,620
Households
3.7
Avg Household Size
31
Median Age
9%
College-Educated
63%
High-School Grad
335.3 sq mi
ZIP Area
40
Density / Sq Mi
$67,217
Median Household Income
$32,639
Median Earnings
$978
Median Rent
$217,800
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?
Warehouse - For-sale warehouse with sprinkler system and level access off a paved road.
Where is this warehouse located?
The property is located at 7502 Campbell Rd Toppenish, WA.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Warehouse built in 2005; Level access off a paved road; Sprinkler system included
