Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Yakima Land Parcel For Sale Title is generated by Realmo AI

    NKA E Pheasant Hill Rd, Yakima, WA 98908

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Yakima, WA

    Lot size:
    14.53 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    273
    Last Refresh:
    May 18 at 3:06 am

    Property Features for NKA E Pheasant Hill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16120141003
    Lot size
    14.53 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    502

    We can help!

    Listing Contact
    Kimberly Turnquist
    Kimberly Turnquist

    Listing agent Kimberly Turnquist License #50137

    Listing office Coldwell Banker Cascade Real Estate 205 N 40th Ave Suite 203, Yakima, WA

    Listing date Aug 19, 2025

    MLS# 25-2346 Listing URL

    Copyright © 2026 Yakima Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent parcel for building a dream house.
    • Located inside a gated development.
    • Not subject to assessments.
    • Not subject to covenants.
    • Located in Falcon Ridge development.
    • Location coordinates provided.

    Overview

    This 14.53-acre land parcel is located in Yakima, Washington. It is suitable for building a residential property. The parcel is situated inside the gate of the Falcon Ridge development but is not subject to assessments and covenants of that development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.758448
    Latitude
    46.555785

    Nearby Similar for Sale

    • $389,000
      2,426 SF

      Versatile Event Venue in Yakima

      Adaptable event venue with kitchen, bar, and storage.
      204 S 46th Ave, Yakima, WA 98908
      View Details
    • $379,000
      2,477 SF

      Yakima Fourplex: Turnkey Investment Property

      Fully occupied fourplex in Yakima with recent remodels and strong income.
      705 E Lincoln Ave, Yakima, WA 98901
      View Details
    • $399,000
      1,550 SF

      Yakima Duplex with Rental Appeal

      Westside duplex with strong rental appeal in convenient Yakima location.
      806 & 808 S 35th Ave, Yakima, WA 98902
      View Details
    • $375,000
      2,920 SF

      West Yakima Mixed-Use Investment

      Mixed-use commercial property with three units and immediate income.
      4813 Tieton Drive, Yakima, WA 98908
      View Details
    • $375,000
      2,920 SF

      West Yakima Mixed-Use Commercial Property

      Versatile property with three units, ideal for investors/owner-users.
      4813 Tieton Dr, Yakima, WA 98908
      View Details
    • $160,000

      Yakima Land with Recreational Potential

      9.76 acres near Ahtanum State Forest with utilities.
      246 Canyon Crest Rd, Yakima, WA 98903
      View Details
    • $450,000

      Corner Lot Ready for Development

      22,823 SF corner lot in the heart of Yakima.
      2312 West Nob Hill Blvd., Yakima, WA 98902
      View Details
    • $2,400,000
      9,384 SF

      Remodeled Retail Property with Tenant

      Commercial retail property with long-term tenant, remodeled in 2023.
      501 West Lincoln Avenue, Yakima, WA, 98902
      View Details
    • $207,920
      4,931 SF

      Downtown Yakima Retail/Office Opportunity

      Spacious open concept space in growing downtown Yakima.
      17 N 3rd St., Ste 102 St, Yakima, WA
      View Details
    • $120,000

      Usable Land Parcel in Yakima

      0.54-acre parcel with irrigation, ready for your plans.
      273 Kershaw Dr, Yakima, WA 98908
      View Details
    • $999,000
      3,213 SF

      Turnkey Yakima Restaurant Opportunity

      Fully equipped restaurant for sale in Yakima's Revitalization Zone.
      822 N 1st St, Yakima, WA 98901
      View Details
    • $999,900
      6,056 SF

      Well-Maintained Yakima Multifamily Investment

      Eight-unit multifamily property with upside potential in Yakima, Washington.
      1403-1405 Roosevelt Avenue, Yakima, WA 98902
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land parcel available in Yakima, WA.
    Where is this residential land & home lot located?
    The property is located at NKA E Pheasant Hill Rd Yakima, WA.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Excellent parcel for building a dream house.; Located inside a gated development.; Not subject to assessments.
    (509) 248-5050
    We can help!
    Listing Contact
    Kimberly Turnquist
    Kimberly Turnquist
    Real Estate License ID: 50137
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    NKA E Pheasant Hill Rd, Yakima, WA 98908
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!