Turnkey Yakima Restaurant
For Sale
Contact for pricing
822 N 1st St, Yakima, WA 98901
Fully equipped restaurant for sale in Yakima's Revitalization Zone.
Property Size3,213 SF
Price / SF$248.99
Days on Market183
Property Features for 822 N 1st St
General Information
Standard status
Active
Size
3,213 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
United Country Real Estate Dedicated Realty, LLC
Listed By:
Phil Simpson · License #26472
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 11 at 4:27PM
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 United Country Real Estate Dedicated Realty, LLC
Investment Insights
Based on property information with market context.
Located in the heart of the N 1st Street Revitalization Zone in Yakima, Washington, this commercial real estate property presents an opportunity to own a turnkey restaurant and business. Currently operating as a Japanese restaurant with a full sushi bar and a spacious dining room, the property is suitable for continued use or rebranding. The sale includes all restaurant furniture, fixtures, and equipment (FF&E), such as booths, tables, commercial kitchen appliances, refrigeration, and existing fixtures. The existing restaurant business is included in the sale, offering a fully equipped, income-producing restaurant property. The building has a size of 3213 square feet. Situated on N 1st Street, the location benefits from high visibility and traffic exposure, with approximately 18,000 vehicles passing daily.
Key Highlights
- Turnkey restaurant and business, ready for immediate operation or rebranding.
- Fully equipped commercial kitchen and dining room furniture included (FF&E).
- High‑traffic location on N 1st Street with approximately 18,000 vehicles passing daily.
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
$32,689
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
4.09%
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%
$653,780
$653.8K
Cap Rate 7%
$466,986
$467.0K
Cap Rate 9%
$363,211
$363.2K
Market Conditions
NOI Build-Up for 3,213 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
$45.5K $14.16/SF
− Vacancy
−$1.9K −$0.59/SF
EGI
$43.6K $13.57/SF
− OpEx
−$10.9K −$3.39/SF
NOI
$32.7K $10.17/SF
Area
Yakima County, WA
Vacancy
4.20%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
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%
$653,780
Cap Rate 7%
$466,986
Cap Rate 9%
$363,211
Alternative Uses
Best Use
Specialty Retail
$467.0K
$408.6K – $544.8K
NOI $32,689 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.5K
$570.9K – $761.2K
NOI $45,674 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,861
Businesses Nearby
170k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 28%
Groceries 20%
Home Improvements & Furnishings 4%
Safeway
Groceries
33,444 visits/mo
0.5 miles
Olive Garden
Dining
27,085 visits/mo
0.2 miles
McDonald's
Dining
25,346 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
11,694 visits/mo
0.2 miles
Starbucks
Dining
10,776 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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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant for sale in Yakima's Revitalization Zone.
Where is this conventional restaurant located?
The property is located at 822 N 1st St Yakima, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Turnkey restaurant and business, ready for immediate operation or rebranding.; Fully equipped commercial kitchen and dining room furniture included (FF&E).; High‑traffic location on N 1st Street with approximately 18,000 vehicles passing daily.
