Versatile Yakima Property For
2105 Terrace Heights Dr-Parcel 19132012002 Yakima, WA 98901
2105 Terrace Heights Dr-Parcel 19132012002, Yakima, WA, 98901
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For Sale
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Corner property with office and warehouse space in Yakima.
Property Size11,399 SF
Price / SF$114.05
Days on Market1386
Property Features for 2105 Terrace Heights Dr-Parcel 19132012002
General Information
- Standard status
- Active
- Size
- 11,399 SF
- Property subtype
- Industrial
Listing Agency
NAI Tri-Cities
(509) 491-2205
Listed by
Kenny Teasdale · License #135860
Source
Crexi
Added: Sep 30, 2022 Checked: Jul 16 at 8:07 am
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 NAI Tri-Cities
Investment Insights
Based on property information with market context.
This versatile property is located on a corner in Yakima. It features multiple structures that offer a mix of office and warehouse space, totaling approximately 11,399 square feet. An additional 4,648 square feet of covered carport area is available for fleet, storage, or operational needs. The location benefits from high visibility and signage potential, with approximately 30,000 vehicles passing by daily.
Key Highlights
- Prime corner location in the heart of Yakima.
- High traffic count: ±30,000 vehicles per day, offering outstanding visibility.
- Versatile property with a blend of office and warehouse space.
Local Financial Insights For Warehouse
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 | $139.5k | $12.24 |
| − Vacancy | −$10.5k | −$0.92 |
| EGI | $129.1k | $11.32 |
| − OpEx | −$19.4k | −$1.70 |
| NOI | $109.7k | $9.62 |
11,399 SF · lease $12.24/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.73M
$1.52M – $2.02M
NOI $121,340 @ 7.0% cap · market cap 9.33%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,701 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$2.31M
$2.03M – $2.70M
NOI $162,041 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Corner property with office and warehouse space in Yakima.
Where is this flex space located?
The property is located at 2105 Terrace Heights Dr-Parcel 19132012002 Yakima, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime corner location in the heart of Yakima.; High traffic count: **±30,000 vehicles per day, offering outstanding visibility.**; Versatile property with a blend of office and warehouse space.
