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    503 Prospect Rd Moxee, WA 98936
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    503 Prospect Rd, Moxee, WA 98936

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    • Industrial properties
    • 65,524 SF
    • 4.68 lot acres
    For Lease
    $4,555,000
    View Listing →
    Moxee Industrial Space Available For Lease
    $4,555,000
    36,988 SF

    Moxee Industrial Space Available

    36,988 SF light industrial space in Moxee, Washington.

    503 Prospect Road, Moxee, WA 98936
    View Listing
    Property ID
    US90-0414373
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 503 Prospect Rd

    Year built
    1986
    Construction
    METAL FRAME
    Lot size
    4.68 lot acres
    Zone code
    M1
    Property type
    Industrial properties
    APN
    191201-22013
    APU
    19120122013

    Description

    This exceptional 36,988-square-foot flex space, situated on a 9.54-acre lot in Moxee, presents a remarkable opportunity for businesses seeking ample industrial space. The single-story, 65,524-square-foot building, constructed in 1986, boasts a 22-foot ceiling height and features a desirable M1-Light Industrial zoning designation. The available space comprises a substantial portion of the building's west side, currently divided into five identical rooms (easily removable for open space) plus two additional 2,500-square-foot rooms. Access is provided by three 14-foot roll-up doors, allowing for convenient drive-through capabilities. The property benefits from abundant 3-phase power (480V and 4800 amps), an 8-foot water line for the sprinkler system, and extensive HVAC capacity. Four dock-high doors and three drive-in doors further enhance operational efficiency. Ample parking is available along the west side of the property. The property's frontage measures 620 feet, and the annual property taxes are $0.34 per square foot. The APN is 191201-22003. This property offers a unique blend of functionality and space, ideal for a variety of industrial and flex uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,872,000
      Market price range: $1.54M - $8.02M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moxee
    County
    Yakima
    State
    Washington
    Longitude
    -120.395
    Latitude
    46.56
    CBSA code
    49420
    CBSA name
    YAKIMA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $46,409
    $407,700
    $4,215,600
    $4,623,300
    -
    $407,700
    $4,215,600
    $4,623,300

    Comparable in this City

    • Value Estimation
      $1,555,000
      18,900 SF

      213 Moxee Ave

      INDUSTRIAL (GENERAL)
      213 Moxee Ave, Moxee, WA 98936-9635
      View Details
    • Value Estimation
      $1,010,000
      12,798 SF

      112 Charron Rd

      INDUSTRIAL (GENERAL)
      112 Charron Rd, Moxee, WA 98936
      View Details
    • Value Estimation
      $890,000
      8,400 SF

      1372 Desmarais Rd

      INDUSTRIAL (GENERAL)
      1372 Desmarais Rd, Moxee, WA 98936
      View Details
    • Value Estimation
      $1,815,000
      14,000 SF

      401 Walters Rd

      INDUSTRIAL (GENERAL)
      401 Walters Rd, Moxee, WA 98936-9775
      View Details
    • Value Estimation
      $3,310,000
      44,880 SF

      2455 Beaudry Rd

      INDUSTRIAL (GENERAL)
      2455 Beaudry Rd, Moxee, WA 98936-9313
      View Details
    • Value Estimation by Request
      26,172 SF

      106 Grant Way

      INDUSTRIAL (GENERAL)
      106 Grant Way, Moxee, WA 98936-9787
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Moxee Light Industrial Facility

      66,476 SF light industrial facility on 10 acres.
      503 W Prospect Rd, Moxee, WA 98936
      View Details
    • Contact for pricing

      70.84 Acres Industrial Land Available

      70.84 acres of industrial land with utilities on-site.
      Postma Rd Beaudry Rd, Moxee, WA 98936
      View Details
    View Listing
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    Moxee, WA 98936
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    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
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