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    5110 Tieton Dr Yakima, WA 98908

    Sponsored
    For Sale
    $4,200,000

    Prime Yakima location, high NOI, strong tenants.

    Property size:
    72,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Yakima, WA, presents a compelling investment opportunity. The 72,218 square foot building, constructed in 1945 and renovated in 1999, sits on a 2.39-acre lot and features 56,337 square feet of net rentable space. Currently boasting 72% occupancy, the property generates a NOI of $279,909, with a pro-forma NOI of $295,000, resulting in a 6.70% cap rate and a pro-forma cap rate of 7.02%. The asking price is $4,200,000, translating to $58.16 per square foot. The three-story building, zoned SCC, houses a mix of established retail and office tenants, including popular restaurants and a craft beer establishment. Additional leasable space exists, offering potential for increased revenue and cap rate. Unique features include rustic beams, hardwood floors, and ample parking (213 spaces). The property benefits from its strategic location across from a major Catholic church in West Valley, Yakima's highest income per household zip code, within a densely populated area. Seller financing is available to qualified buyers. A pre-qualification letter or proof of funds, along with a non-disclosure agreement, are required for access to confidential information. This property offers a blend of established income and significant upside potential.

    Property Features for 5110 Tieton Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    72,218 SF
    Lot Size
    104,108 SF

    Building Details

    Year Built/Renovated
    1945/1999
    Buildings
    1
    Stories
    3

    HighLights

    • $4,200,000 asking price for a mixed‑use property in Yakima, WA.
    • 72,218 total square feet, 56,337 net rentable square feet, with a price per square foot of $58.16.
    • 6.70% cap rate, 7.02% pro‑forma cap rate, and 72% occupancy.
    • $279,909 current NOI, $295,000 pro‑forma NOI.
    • Three‑story, 72,218 SF building on a 2.39‑acre lot, built in 1945 and renovated in 1999.
    • Located at 5110 W Tieton Dr, Yakima, WA 98908, with 213 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yoga Collective of Yakima Yoga Studio Acosta Juan F ... Nursing Home Bert's Pub Restaurant Siren Hypnotherapy Hypnotherapy Service C.H. Robinson Trucking Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.5780482
    Latitude
    46.59224

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Yakima location, high NOI, strong tenants.
    Where is this mixed-use property located?
    The property is located at 5110 Tieton Dr Yakima, WA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: $4,200,000 asking price for a mixed-use property in Yakima, WA.; 72,218 total square feet, 56,337 net rentable square feet, with a price per square foot of $58.16.; 6.70% cap rate, 7.02% pro-forma cap rate, and 72% occupancy.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5110 Tieton Dr Yakima, WA 98908
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