Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2105 Ter Hts Dr- Yakima, WA 98901

    • Land
    • 2.19 lot acres
    For Sale
    View listing
    $953,970
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2105 Ter Hts Dr-

    Lot size
    2.19 lot acres
    Property type
    Land

    Description

    This exceptional 2.19-acre commercial land parcel, located at 2105 Terrace Heights Dr in Yakima, WA, 98901 (APN 19131743401), presents a unique investment opportunity. Currently zoned Commercial General, this flat lot offers easy access to the Interstate, making it highly accessible for businesses and commuters. The property's strategic location will benefit significantly from the city's planned East/West Corridor Project, promising future growth and increased property value. The potential for rezoning to Light Industrial adds further versatility and development options. This offering includes the 2.19-acre parcel, but there's also the option to purchase adjacent lots, allowing for expansion or larger-scale development projects. This is a rare chance to acquire a substantial piece of land in a rapidly developing area of Yakima, poised for significant future returns. Serious inquiries are encouraged to explore this promising investment opportunity. The asking price is $953,970.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yakima
    County
    Yakima
    State
    Washington
    Longitude
    -120.475
    Latitude
    46.6062

    Comparable in this City

    • Value Estimation by Request
      7.53 Acres

      Nka Roza Hl Dr

      Land • 7.53 Acres
      0 Nka Roza Hl Dr, Yakima, WA 98901
      View Details
    • Value Estimation by Request
      14.56 Acres

      7800 Postma Rd

      Land • 14.56 Acres
      7800 Postma Rd, Yakima, WA 98901
      View Details
    • Value Estimation by Request
      24.83 Acres

      1600 Pacific Ave

      Land • 24.83 Acres
      1600 Pacific Ave, Yakima, WA 98901
      View Details
    • Value Estimation by Request
      0.21 Acres

      1404 H St

      VACANT COMMERCIAL LAND • 0.21 Acres
      1404 H St, Yakima, WA 98901-2072
      View Details
    • Value Estimation by Request
      0.15 Acres

      809 Arlington St

      VACANT COMMERCIAL LAND • 0.15 Acres
      809 Arlington St, Yakima, WA 98901-3522
      View Details
    • Value Estimation by Request
      0.26 Acres

      18th S Birch St

      VACANT COMMERCIAL LAND • 0.26 Acres
      18th S Birch St, Yakima, WA 98901
      View Details

    Similar Nearby for Sale

    • $589,000

      Yakima Warehouse: Prime Location

      High-traffic Yakima warehouse, 5240 SF.
      1203 1St St, Yakima, WA 98901
      View Details
    • $953,970
      2.19 Acres

      Yakima Commercial Land - $953,970

      Prime Yakima commercial acreage, ideal for development.
      2105 Ter Hts Dr-, Yakima, WA 98901
      View Details
    • $1,395,315
      14.56 Acres

      Moxee Industrial Land Investment

      14.56 Acres, Light Industrial Zoning
      7800 Postma Rd, Yakima, WA 98901
      View Details
    • $6,900,000
      24.83 Acres

      Yakima Commercial Land - $6.9M

      24.83 Acres, Prime Commercial Land
      1600 Pacific Ave, Yakima, WA 98901
      View Details
    • $120,000

      Terrace Heights Rural Land Parcel

      41-acre parcel in Terrace Heights, available for purchase.
      Nka 201320-12001, Yakima, WA 98901
      View Details
    • $120,000

      Terrace Heights Rural Land Parcel

      39.7 acre parcel in Terrace Heights available for purchase.
      Nka 2013220-11002, Yakima, WA 98901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Yakima Land For Rent

      Land available for rent in Yakima, Washington.
      1731 S 1St St, Yakima, WA 98901
      View Details
    • Contact for pricing
      4 SF

      Grocery Anchored Outparcel Opportunity

      High-traffic commercial land available for ground lease or build-to-suit.
      1110 East Nob Hill Blvd, Yakima, WA 98901
      View Details
    • Contact for pricing
      47,712 SF

      Retail Space Near Interstate 82

      Retail spaces available inside new 9 North Apartments.
      9 N 9Th St, Yakima, WA 98901
      View Details
    • $19 SF/Yr
      3,305 SF

      Union Gap Retail Space Available

      3,305 SF retail space for lease in Union Gap.
      1200 Alder St, Union Gap, WA 98901
      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
    • $12 SF/Yr
      12,439 SF

      Terrace Heights Concrete Tilt Building

      12,439 SF concrete tilt building for lease in Yakima.
      2500 Business Ln, Yakima, WA 98901
      View Details
    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.
    2105 Ter Hts Dr-
    Yakima, WA 98901
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.