Corner Lot
For Sale
Contact for pricing
918 W Wine Country Rd, Grandview, WA 98930
Zoned Light Industrial with public utilities available on a corner lot site previously used as a restaurant.
Property Size2,266 SF
Price / SF$174.32
Days on Market69
Property Features for 918 W Wine Country Rd
General Information
Standard status
Active
Size
2,266 SF
Property subtype
RETAIL
Zoning
Light Industrial
Additional Details
Utilities to Site
Yes
Listing Agency:
Keller Williams Yakima Valley
(509) 966-1020
Listed By:
Adam Ranger · License #122859
(509) 388-6499
Source:
Moodyscre
Added: Jul 8
Changed: Sep 4
Last Checked: Sep 13 at 5:29AM
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 Keller Williams Yakima Valley
Investment Insights
Based on property information with market context.
918 W Wine Country Rd in Grandview, WA is a corner lot commercial property previously used as a restaurant. The space includes ample square footage and features a full kitchen plus plenty of storage, supported by existing restaurant buildout components.
The property sits on nearly 3/4 of an acre and is zoned Light Industrial. Public utilities are all available, offering flexibility for continued restaurant use or other permitted concepts consistent with the Light Industrial zoning designation.
If you’re looking for a restaurant-ready commercial site with utilities in place and a Light Industrial zoning base, this corner lot location provides a practical foundation for a variety of uses.
The property sits on nearly 3/4 of an acre and is zoned Light Industrial. Public utilities are all available, offering flexibility for continued restaurant use or other permitted concepts consistent with the Light Industrial zoning designation.
If you’re looking for a restaurant-ready commercial site with utilities in place and a Light Industrial zoning base, this corner lot location provides a practical foundation for a variety of uses.
Key Highlights
- Corner lot commercial property previously used as a restaurant
- Full kitchen and plenty of storage
- Nearly 3/4 of an acre lot
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
$23,054
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
5.84%
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%
$461,080
$461.1K
Cap Rate 7%
$329,343
$329.3K
Cap Rate 9%
$256,156
$256.2K
Market Conditions
NOI Build-Up for 2,266 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
$32.1K $14.16/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$30.7K $13.57/SF
− OpEx
−$7.7K −$3.39/SF
NOI
$23.1K $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%
$461,080
Cap Rate 7%
$329,343
Cap Rate 9%
$256,156
Alternative Uses
Best Use
Specialty Retail
$329.3K
$288.2K – $384.2K
NOI $23,054 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.2K
$402.7K – $536.9K
NOI $32,212 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Shops & Services 36%
Dining 24%
IGA Grandview Market
Groceries
12,560 visits/mo
0.1 miles
Dollar General
Shops & Services
7,620 visits/mo
0.1 miles
Little Caesars Pizza
Dining
5,290 visits/mo
0.1 miles
Les Schwab Tire Center
Shops & Services
3,353 visits/mo
0.1 miles
Stir Crazy
Dining
2,017 visits/mo
0.1 miles
Demographics for 98930, WA
15,339
Population
4,910
Households
3.1
Avg Household Size
30
Median Age
9%
College-Educated
67%
High-School Grad
44.9 sq mi
ZIP Area
342
Density / Sq Mi
$67,798
Median Household Income
$34,675
Median Earnings
$980
Median Rent
$277,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Zoned Light Industrial with public utilities available on a corner lot site previously used as a restaurant.
Where is this conventional restaurant located?
The property is located at 918 W Wine Country Rd Grandview, WA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Corner lot commercial property previously used as a restaurant; Full kitchen and plenty of storage; Nearly 3/4 of an acre lot
