Warehouse and Land I-82
120 N Puterbaugh Rd Grandview, WA 98930
120 N Puterbaugh Rd, Grandview, WA, 98930
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For Sale
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Warehouse, office, and land with I-82 visibility in Grandview.
Property Size8,116 SF
Lot Size5.20 Acres
Price / SF$240.27
Days on Market821
Property Features for 120 N Puterbaugh Rd
General Information
- Standard status
- Active
- Size
- 8,116 SF
- Lot size
- 5.20 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1981
Listing agency
Wilson Real Estate Management
(509) 728-0654
Listed by
Roger Wilson · License #17888
Source
Crexi
Added: Apr 22, 2024 Updated: Jul 6 at 8:31AM Checked: Jul 20 at 2:04AM
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 Wilson Real Estate Management
Investment Insights
Based on property information with market context.
This property features a 6,240-square-foot warehouse and office building situated on approximately 5.2 acres of usable land. Additionally, there is a 1,876-square-foot manufactured home with 3 bedrooms and 2 bathrooms, currently rented for $1,335 per month. Zoned for General Commercial use, the property is located on Yakima Valley Highway in Grandview and offers visibility from I-82. The location is suitable for retail and other uses. The warehouse tenant is scheduled to vacate in the fall of 2024, while the residential tenant is on a month-to-month lease and intends to remain. This property presents a potential development opportunity adjacent to a development with a truck stop.
Key Highlights
- Prime location next to a truck stop development and visible from I‑82.
- 5.2 acres of usable land zoned General Commercial, suitable for various retail uses.
- 6240‑sf warehouse and office building on site.
Local 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 | $122.7k | $15.12 |
| − Vacancy | −$5.2k | −$0.64 |
| EGI | $117.6k | $14.48 |
| − OpEx | −$35.3k | −$4.35 |
| NOI | $82.3k | $10.14 |
8,116 SF · lease $15.12/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,292 @ 7.0% cap · market cap 4.22%
Second Best
Warehouse
$1.12M
$976.3K – $1.30M
NOI $78,106 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,372 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
OVS - Orchard & Vineyard ...
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Warehouse, office, and land with I-82 visibility in Grandview.
Where is this warehouse located?
The property is located at 120 N Puterbaugh Rd Grandview, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location next to a truck stop development and visible from I‑82.; 5.2 acres of usable land zoned General Commercial, suitable for various retail uses.; **6240‑sf warehouse and office building on site.**
