Leased 8-Unit Retail Strip
For Sale
Contact for pricing
841 W 1st Ave, Toppenish, WA 98948
Fully occupied center with established tenants, substantial on-site parking, and frontage along SR 97 in Toppenish.
Property Size8,640 SF
Lot Size1.28 Acres
Price / SF$150.35
Days on Market65
Property Features for 841 W 1st Ave
General Information
Standard status
Active
Size
8,640 SF
Lot size
1.28 Acres
Property subtype
RETAIL
Occupancy
100%
Building Details
Year Built
2015
Tenancy
Multi
Listing Agency:
John L. Scott Yakima
(509) 504-8808
Listed By:
Kevin Rangel · License #22017029
Source:
Moodyscre
Added: May 28
Changed: Jul 31
Last Checked: Jul 31 at 3:54PM
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
Investment Insights
Based on property information with market context.
Built in 2015, this 8,640-square-foot retail strip center contains 8 units and is 100% occupied. The tenant mix includes an established insurance agency, a pawn shop occupying 3 units, Cricket Wireless, a smoke shop, a nail salon, and a spice and herb retailer. Tenant histories range from 5 to 26 years, with 2 lease signings within the past year. A long-standing food truck operator also provides supplemental income.
The property sits on a 1.28-acre parcel at 841 W 1st Ave in Toppenish, Washington, with frontage and visibility along SR 97. The intersection's north-south traffic volume is approximately 11,000 AADT. Substantial on-site parking supports the existing retail uses, while excess land to the rear may support additional retail, service, or convenience-oriented concepts, subject to verification of zoning, utilities, access, and required approvals.
The property sits on a 1.28-acre parcel at 841 W 1st Ave in Toppenish, Washington, with frontage and visibility along SR 97. The intersection's north-south traffic volume is approximately 11,000 AADT. Substantial on-site parking supports the existing retail uses, while excess land to the rear may support additional retail, service, or convenience-oriented concepts, subject to verification of zoning, utilities, access, and required approvals.
Key Highlights
- 8,640 SF retail strip center built in 2015
- 8‑unit center with 100% occupancy
- 1.28‑acre parcel with excess land to the rear
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.6k | $15.12 |
| − Vacancy | −$5.5k | −$0.64 |
| EGI | $125.2k | $14.48 |
| − OpEx | −$37.5k | −$4.35 |
| NOI | $87.6k | $10.14 |
8,640 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,605 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.54M – $2.05M
NOI $122,821 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Dollar Tree
Shops & Services
15,356 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,405 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,437 visits/mo
0.2 miles
Les Schwab Tire Center
Shops & Services
3,447 visits/mo
0.2 miles
Papa Murphy's
Dining
2,832 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied center with established tenants, substantial on-site parking, and frontage along SR 97 in Toppenish.
Where is this strip mall located?
The property is located at 841 W 1st Ave Toppenish, WA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 8,640 SF retail strip center built in 2015; 8‑unit center with 100% occupancy; 1.28‑acre parcel with excess land to the rear
