Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Valley Mall Blvd Union Gap, WA 98903
    Back to Search
    Property profile & analytics

    Valley Mall Blvd Union Gap, WA 98903

    View on Map
    • Land
    • 3.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Valley Mall Blvd

    Lot size
    3.24 lot acres
    Property type
    Land

    Description

    This exceptional 3.24-acre commercial land parcel presents a remarkable investment opportunity in Union Gap, Washington. Strategically located in a thriving retail hub, this level lot boasts unparalleled visibility and accessibility, situated between Bud Clary Toyota and McCurley Subaru, and directly across from a Costco. The property's prime location ensures high traffic volume and exposure, making it ideal for a wide range of commercial developments. Existing utilities are readily available on-site, simplifying the development process. The permitted zoning is COM, allowing for diverse uses such as big-box retail, quick-service restaurants (QSR), strip centers, medical facilities, or automotive businesses. The surrounding area is anchored by a strong mix of established businesses, including Winco, multiple car dealerships, Click It RV, Lowe's, and Starbucks, creating a vibrant and successful commercial environment. This property offers significant potential for substantial returns, making it an attractive investment for discerning buyers seeking a high-impact location in a rapidly growing market. The APN is 191331-43404. The asking price is $2,540,419. The property is located at W Valley Mall Blvd, Union Gap, WA 98903.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union Gap
    County
    Yakima
    State
    Washington
    Longitude
    -120.499
    Latitude
    46.5633

    Comparable in this City

    • Value Estimation by Request
      12.72 Acres

      4207 Main St

      Land • 12.72 Acres
      4207 Main St, Union Gap, WA 98903
      View Details
    • Value Estimation by Request
      2.90 Acres

      2007 Longfibre Rd

      Land • 2.90 Acres
      2007 Longfibre Rd, Yakima, WA 98903
      View Details
    • Value Estimation by Request
      24.42 Acres

      Goodman Rd

      Land • 24.42 Acres
      0 Goodman Rd, Union Gap, WA 98903
      View Details
    • Value Estimation by Request
      15.71 Acres

      16Th Ave

      Land • 15.71 Acres
      0 16Th Ave, Union Gap, WA 98903
      View Details
    • Value Estimation
      $640,000
      1,820 SF

      2321 18th St

      MOBILE COMMERCIAL UNITS • 1,820 SF
      2321 18th St, Union Gap, WA 98903-1635
      View Details
    • Value Estimation by Request
      1,440 SF

      4107 Main St

      COMMERCIAL (GENERAL) • 1,440 SF
      4107 Main St, Union Gap, WA 98903-2042
      View Details

    Similar Nearby for Sale

    • $1,600,000
      Pending

      Union Gap Industrial Land

      4.93 acre industrial land for sale in Union Gap.
      1101 Industrial Way, Union Gap, WA 98903
      View Details
    • Contact for pricing

      Commercial Land Near Retail Corridor

      2.93 acres of commercial development land in Union Gap.
      2007 Longfibre Rd, Yakima, WA 98903
      View Details
    • $1,717,464

      Commercial Lot in Union Gap

      Build-ready corner lot in a growing retail hub.
      Adelyn Way, Yakima, WA 98903
      View Details
    • $4,285,000

      Large Industrial Site For Sale

      Flat, level, light industrial zoned site near established industrial area.
      Na Ahtanum Rd, Yakima, WA 98903
      View Details
    • $160,000
      9.76 Acres

      Yakima Land with Recreational Potential

      9.76 acres near Ahtanum State Forest with utilities.
      246 Canyon Crest Rd, Yakima, WA 98903
      View Details
    • $1,717,464
      1.88 Acres

      Union Gap Commercial Land Available

      1.88 acre commercial land for sale in Union Gap.
      Tbd Adelyn Way, Union Gap, WA 98903
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      11,134 SF

      Yakima Retail Space Available

      Retail space available in Yakima, Washington.
      2319 S 1St St, Yakima, WA 98903
      View Details
    • Contact for pricing
      6,402 SF

      Prime Retail Space in Union Gap

      Highly visible retail space in a high-traffic area.
      14 E Valley Mall Blvd, Union Gap, WA 98903
      View Details
    • $14 SF/Yr

      Commercial Space Available For Lease

      Commercial space available for lease at 2319 S 1st St.
      2319 S 1St St, Yakima, WA 98903
      View Details
    • Contact for pricing

      Restaurant Space Available For Rent

      Restaurant space available for rent, offering 2,503 square feet.
      1901 S 1St St, Yakima, WA 98903
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space at the Valley Mall trade area entrance.
      2530 Rudkin Rd, Union Gap, WA 98903
      View Details
    • Contact for pricing
      23,123 SF

      Union Gap Retail Space

      Retail property available for lease in Union Gap, Washington.
      2500-2520 Rudkin Rd, Union Gap, WA 98903
      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.
    Valley Mall Blvd
    Union Gap, 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
    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
    Valley Mall Blvd, Union Gap, WA, 98903
    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!