Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2319 1St St Yakima, WA 98903

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large Creative Office Space Available; 11,134 sq ft.

    Lot size:
    11,134 SF

    Property Features for 2319 1St St

    General Information

    Property type
    Power centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,134 SF
    Total Rate
    12989.67

    Spaces For Lease

    at 2319 1St St, Yakima, WA 98903 Contact us
    Unit Suite 101

    $14 /Mo

    Size
    11,134 SF
    Contact us

    We can help!

    Listing Contact
    Chad Carper
    Chad Carper

    Listing Agent: Chad Carper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Yakima County property presents a unique leasing opportunity for a discerning tenant seeking expansive creative office space. The building, previously occupied by Best Buy and Office Depot, offers a total of 11,134 square feet of versatile space, currently entirely vacant and ready for immediate occupancy. The property's classification as both retail and office, along with its "Power Center" subtype, suggests a high-visibility location with ample parking and potential for significant foot traffic. The multiple tenancy designation indicates a layout suitable for division into smaller units, should the need arise, offering flexibility for various business models. The substantial square footage provides ample room for large teams, expansive work areas, and potentially even on-site amenities. This is an ideal location for a company seeking a prominent presence in Yakima County, with the potential to customize the space to perfectly fit its operational needs. The entire 11,134 square feet is available for lease, presenting a rare opportunity to secure a significant footprint in a desirable location. Interested parties are encouraged to inquire promptly to explore this exceptional property further. The property is located in Yakima County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Depot Tech ... Tech Support Center Office Depot (Bike/Boat/Book/etc) Store Office Depot Print ... (Bike/Boat/Book/etc) Store LL Flooring (Lumber ... Carpet & Flooring Store FedEx ShipSite Postal Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.4837418
    Latitude
    46.568756

    Nearby Similar for Lease

    • Contact for pricing
      22,169 SF

      Yakima Retail Space For Lease

      22,169 SF retail space in grocery-anchored Yakima center.
      2204 W Nob Hill Blvd, Yakima, WA 98902
      View Details
    • $14 SF/Yr
      38,059 SF

      Retail Space in Yakima Center

      Newly renovated retail space in high-traffic Yakima location.
      910 Summitview Ave, Yakima, WA 98902
      View Details
    • Contact for pricing
      63,109 SF

      Yakima Retail Space Available

      Retail and neighborhood center space in Yakima, Washington.
      3702 Tieton Dr, Yakima, WA 98902
      View Details
    • $3,000 /Mo
      27,588 SF

      Medical Space in Yakima Athletic Club

      1,430 SF medical space with 8 exam/therapy rooms.
      2503 Racquet Ln, Yakima, WA 98902
      View Details
    • $18 SF/Yr
      76,219 SF

      Yakima Retail Center Investment Opportunity

      Prime Yakima shopping center, 76,219 sqft.
      2504 Nob Hill Blvd, Yakima, WA 98902
      View Details
    • Contact for pricing
      1,819 SF

      Yakima Office Suite For Rent

      1,819 SF office suite in Yakima's medical district.
      315 Holton Ave, Yakima, WA 98902
      View Details
    • $12 SF/Yr
      39,128 SF

      Liberty Building Office Suites

      Downtown Yakima Office Space Available
      32 3Rd St, Yakima, WA 98901
      View Details
    • $8 SF/Yr
      20,000 SF

      Prime Yakima County Warehouse Space

      8,000 SF Warehouse; I-82 Access
      401 S St, Yakima, WA 98901
      View Details
    • $19 SF/Yr
      75,376 SF

      Yakima Medical Office Building

      Class A Office Space, Yakima, WA
      1005 Walnut St, Yakima, WA 98902
      View Details
    • $16 SF/Yr
      22,623 SF

      Yakima Retail Space For Lease

      22,623 SF retail space with prominent storefront available for lease.
      3700 Tieton Dr, Yakima, WA 98902
      View Details
    • Contact for pricing
      19,290 SF

      Fiesta Plaza Retail/Office/Medical Space

      1,453 SF space suitable for retail, office, or medical.
      1112 E Nob Hill Blvd, Yakima, WA 98901
      View Details
    • $9 SF/Yr
      5,600 SF

      Yakima Industrial Warehouse Space

      5,600 SF Warehouse, I-82 Access
      2105 Mead Ave, Yakima, WA 98903
      View Details

    FAQs

    What type of property is this?
    Power center - Large Creative Office Space Available; 11,134 sq ft.
    Where is this power center located?
    The property is located at 2319 1St St Yakima, WA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 11,134 SF retail/office building available for lease in Yakima County.; Property is a multi-tenant creative office and power center.; Entire building (11,134 SF) is currently vacant.
    (509) 991-2222 Call to check price and availability
    Request Owner's contact information
    2319 1St St Yakima, WA 98903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2319 1St St
    Yakima, WA 98903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2319 1St St Yakima, WA 98903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Carper
    Chad Carper
    Real Estate License ID: 4728
    (509) 991-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.