5110 Tieton Dr, Yakima, WA 98908
- Super regional malls
- 82,730 SF
- 2.39 lot acres
Current Use by Public Records
- Yoga Collective of Yakima / Gym & Fitness Center
- Acosta Juan F Do / Nursing Home
- Bert's Pub / Restaurant
- Siren Hypnotherapy / Alternative Medicine Practice
- C.H. Robinson / Trucking Company
Property Details for 5110 Tieton Dr
- Year built
- 1945
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.39 lot acres
- Zone code
- SCC
- Property type
- Super regional malls
- Property subtype
- Shopping centers
- APN
- 181328-12403
- APU
- 18132812403
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 28, 1999 | — | Yakima City (wa) | Glenwood Square Management INC | Quit Claim Deed · related | — |
| Aug 6, 1997 | $237,500 | Glenwood Square LP | Congdon Orchards INC | Grant Deed | $1.5M · Argon International |
| — | — | Glenwood Square LP | — | Deed Of Trust · related | $2.8M · Key Bank NA |
| — | — | Glenwood Square LP | — | Deed Of Trust · related | $3M · Vega Resources INC |
| — | — | Glenwood Square LP | — | Deed Of Trust · related | $2.2M · Asia Europe Americas Bank |
| — | — | Glenwood Square LP | — | Deed Of Trust · related | $275k · Nei Pension Investors LP |
Description
This exceptional mixed-use property in Yakima, WA, presents a compelling investment opportunity. The 72,218 square foot building, constructed in 1945 and renovated in 1999, sits on a 2.39-acre lot and features 56,337 square feet of net rentable space. Currently boasting 72% occupancy, the property generates a NOI of $279,909, with a pro-forma NOI of $295,000, resulting in a 6.70% cap rate and a pro-forma cap rate of 7.02%. The asking price is $4,200,000, translating to $58.16 per square foot. The three-story building, zoned SCC, houses a mix of established retail and office tenants, including popular restaurants and a craft beer establishment. Additional leasable space exists, offering potential for increased revenue and cap rate. Unique features include rustic beams, hardwood floors, and ample parking (213 spaces). The property benefits from its strategic location across from a major Catholic church in West Valley, Yakima's highest income per household zip code, within a densely populated area. Seller financing is available to qualified buyers. A pre-qualification letter or proof of funds, along with a non-disclosure agreement, are required for access to confidential information. This property offers a blend of established income and significant upside potential.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $11,760,000
- MEDICAL BUILDING
- $10,150,000
- AUTO REPAIR, GARAGE
- $7,650,000
- OFFICE BUILDING
- $7,580,000
- RETAIL STORES
- $6,285,000
- INDUSTRIAL (GENERAL)
- $6,220,000
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Location Insight
- Map
- Local Demand
- City
- Yakima
- County
- Yakima
- State
- Washington
- Longitude
- -120.578
- Latitude
- 46.592
- CBSA code
- 49420
- CBSA name
- YAKIMA, WA METROPOLITAN STATISTICAL AREA
