Versatile Yakima Property For
For Sale
Contact for pricing
2105 Terrace Heights Dr-Parcel 19132012002, Yakima, WA 98901
Corner property with office and warehouse space in Yakima.
Property Size11,399 SF
Price / SF$114.05
Days on Market1478
Property Features for 2105 Terrace Heights Dr-Parcel 19132012002
General Information
Standard status
Active
Size
11,399 SF
Property subtype
Industrial
Zoning
Commercial General
Listing Agency:
NAI Tri-Cities
Listed By:
Kenny Teasdale · License #135860
(509) 491-2205
Source:
Crexi
Added: Sep 30, 2022
Changed: Oct 10
Last Checked: Oct 14 at 10:21PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,342
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,840
$1.8M
Cap Rate 7%
$1,290,600
$1.3M
Cap Rate 9%
$1,003,800
$1.0M
Market Conditions
NOI Build-Up for 11,399 SF
Gross rent
$139.5K $12.24/SF
− Vacancy
−$10.5K −$0.92/SF
EGI
$129.1K $11.32/SF
− OpEx
−$38.7K −$3.40/SF
NOI
$90.3K $7.93/SF
Area
Yakima County, WA
Vacancy
7.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,840
Cap Rate 7%
$1,290,600
Cap Rate 9%
$1,003,800
Alternative Uses
Best Use
Industrial
$1.29M
$1.13M – $1.51M
NOI $90,342 @ 7.0% cap · market cap 6.95%
Second Best
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,707 @ 7.0% cap · market cap 6.44%
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98901, WA
32,351
Population
12,201
Households
2.7
Avg Household Size
33
Median Age
17%
College-Educated
72%
High-School Grad
184.5 sq mi
ZIP Area
175
Density / Sq Mi
$56,429
Median Household Income
$33,058
Median Earnings
$996
Median Rent
$268,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
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.
