Freestanding Retail Building with Double
909 E Yelm Ave Yelm, WA 98597
For Sale
$3,800,000
Freestanding retail building offering a large-format layout, abundant parking, and a rare double drive-thru.
Property Size13,685 SF
Lot Size1.00 Acre
Price / SF$277.68
Days on Market112
Property Features for 909 E Yelm Ave
General Information
- Standard status
- Active
- Size
- 13,685 SF
- Lot size
- 1.00 Acre
- Property subtype
- Single-Tenant Vacant-User
Listing Agency:
Seattle Office
(206) 826-5728
Listed By:
Dylan Wolf · License #WA: 20107350
(206) 826-5728
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 3:08PM
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 Seattle Office
Investment Insights
Based on property information with market context.
Marcus & Millichap is exclusively marketing for sale a freestanding retail building totaling 13,738 SF on 1.00 acre. The property features a large-format layout, abundant parking, and a rare double drive-thru arrangement. Reinforced concrete construction supports a durable, institutional-quality building with multiple points of ingress and egress.
Located adjacent to a Safeway grocery store and directly across from Nisqually Plaza, the property sits on Yelm Avenue (State Route 507/510) at a signalized intersection with visibility to over 18,000 VPD. Nearby and surrounding retailers referenced in the remarks include Grocery Outlet, Harbor Freight, O’Reilly Auto Parts, Goodwill, Dollar Tree, Jiffy Lube, Les Schwab, Tractor Supply, and Walmart.
The property is described as having flexible C-1 zoning, allowing retail, mixed-use, education, public safety, and senior living uses. The transaction is for sale at the listed price in the provided information.
Located adjacent to a Safeway grocery store and directly across from Nisqually Plaza, the property sits on Yelm Avenue (State Route 507/510) at a signalized intersection with visibility to over 18,000 VPD. Nearby and surrounding retailers referenced in the remarks include Grocery Outlet, Harbor Freight, O’Reilly Auto Parts, Goodwill, Dollar Tree, Jiffy Lube, Les Schwab, Tractor Supply, and Walmart.
The property is described as having flexible C-1 zoning, allowing retail, mixed-use, education, public safety, and senior living uses. The transaction is for sale at the listed price in the provided information.
Key Highlights
- Freestanding 13,738 SF retail building on 1.00 acre in Yelm, WA
- Large‑format layout with abundant parking and a rare double drive‑thru
- C‑1 zoning with flexibility for retail, mixed‑use, education, public safety, and senior living uses
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 | $246.3k | $18.00 |
| − Vacancy | −$10.3k | −$0.76 |
| EGI | $236.0k | $17.24 |
| − OpEx | −$70.8k | −$5.17 |
| NOI | $165.2k | $12.07 |
13,685 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $165,189 @ 7.0% cap · market cap 4.35%
Second Best
Healthcare Medical
$1.57M
$1.38M – $1.84M
NOI $110,222 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$4.01M
$3.51M – $4.67M
NOI $280,488 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coinhub Bitcoin ATM ...
Atm
CDReload - Online Bitcoin ...
Atm
Rite Aid Pharmacy
Pharmacy
Primo Water Refill
Big Box & Wholesale Store
Rite Aid
Pharmacy
FAQs
What type of property is this?
Retail space - Freestanding retail building offering a large-format layout, abundant parking, and a rare double drive-thru.
Where is this retail space located?
The property is located at 909 E Yelm Ave Yelm, WA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Freestanding 13,738 SF retail building on 1.00 acre in Yelm, WA; Large‑format layout with abundant parking and a rare double drive‑thru; C‑1 zoning with flexibility for retail, mixed‑use, education, public safety, and senior living uses
