Property profile

6 Fair Ave Yakima, WA 98901

OFF-MARKET
Retail space
Property ID
US90-1561561
11,952 SF 0.93 ac lot Built 1996
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Gateway Center, located at 6-128 N Fair Ave, Yakima, WA 98901, offers prime retail space for lease. This established neighborhood shopping center, built in 1996, boasts a total of 237,091 square feet of retail space. The property provides ample parking with a ratio of 5.14 spaces per 1,000 square feet. Units are available in various sizes, with a minimum divisible space of 1,610 square feet and a maximum contiguous space of 3,233 square feet, making it suitable for a range of businesses. The center's strategic location in Yakima, WA offers excellent visibility and accessibility for customers. This is an opportunity to establish or expand your retail presence in a thriving community. The property's multiple tenancy structure provides a diverse and vibrant shopping environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property's address is 6-128 N Fair Ave, Yakima, WA 98901.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,952 SF
Lot 0.93 ac (40,511 SF)
Zoning code RD
APN 191319-11510
UPID US90-1561561

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • (Bike/Boat/Book/etc) Store
  • Tech Support Center IT Consulting Firm
  • Nail Salon
  • Hair Salon Nail Salon

Location

6 Fair Ave Yakima, WA 98901-4535
Yakima metro Census 200 YAKIMA, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.87M
Comparable Approach Comparable
$1.74M
Blend (final) Blend
$400k

Owner & transaction history

since 2023
Last sale
$30,000
7 recorded transactions
2026
Price N/A
2023
Price N/A
2017
Price N/A
2010
Price N/A
2005
$17.5M
1997
Price N/A
1997
Price N/A

Zoning & alternative use

RD · Yakima, WA
Zoning description

The purpose of the regional development district is to provide high visibility from the interstate and state highways of the city of Yakima to provide regional commerce, office campus, recreation, large-scale retail, cul…

General category MIXED_USE
Top alternative use upside
Office building $2.3M +68.4%
Medical building $2.3M +68.3%
Industrial (general) $1.9M +41.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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