Yakima, WA Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Yakima, Washington Market population: 92K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Yakima WA Properties: 0.5900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Yakima WA
Common questions from investors exploring commercial real estate in Yakima WA.
What is the overall investment potential of Yakima, WA, considering its demographic and economic factors?
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Yakima, WA's investment potential is influenced by its diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign born rate of 23.1%, indicating a culturally rich and potentially resilient market. The city's median household income of $39,462 and poverty rate of 20.6% suggest a working-class market, while the 84.2% health insurance coverage rate and relatively low average commute time of 18.2 minutes imply a degree of employment stability and quality of life. Additionally, the top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, Public Administration, Educational Services, and Health Care & Social Assistance, contribute to a stable economic foundation.
How does the city's commute time and health insurance coverage impact the rental market?
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The 18.2-minute average commute time in Yakima, WA, combined with the high health insurance coverage rate of 84.2%, suggests a stable and reliable rental market, as renters are likely to have consistent employment and access to healthcare, reducing the risk of late or missed payments. Furthermore, the top commute methods, including driving alone, carpooling, and working from home, indicate a flexible and adaptable workforce, which can contribute to a lower turnover rate and longer-term rentals.
What role do the top industries play in shaping the local real estate market?
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The top industries in Yakima, WA, including Finance & Insurance, and Real Estate & Rental & Leasing, Public Administration, Educational Services, and Health Care & Social Assistance, drive demand for housing and commercial properties, with a relatively high median property value of $157,300 and median property taxes of $17,624. The presence of these industries, particularly those in the service sector, can lead to a stable and growing economy, supporting long-term real estate investment and development opportunities.
How does the city's ethnic diversity and foreign-born population impact the local real estate market?
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Yakima, WA's diverse population, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 23.1%, can contribute to a vibrant and dynamic local real estate market, with a wide range of cultural and economic perspectives. This diversity can lead to increased demand for housing and commercial properties, particularly in areas with high concentrations of ethnic communities, and can also drive innovation and entrepreneurship, supporting local economic growth and development.
What are the implications of the city's poverty rate and income inequality for real estate investors?
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The poverty rate of 20.6% and income inequality, as measured by the GINI coefficient of 0.45, in Yakima, WA, suggest that real estate investors should be cautious when evaluating potential investments, particularly in areas with high concentrations of poverty. However, the relatively high health insurance coverage rate of 84.2% and low average commute time of 18.2 minutes imply a degree of employment stability and quality of life, which can mitigate some of the risks associated with investing in lower-income areas, and potentially lead to opportunities for affordable housing development and community revitalization.
Yakima WA Real Estate & City Facts
Key facts and real estate information about Yakima WA.
What are some of the best neighborhoods to live in Yakima?
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Some of the best neighborhoods to live in Yakima include Terrace Heights, which is known for being friendly and helpful. Other neighborhoods to consider are those west of 56th Avenue, as they are considered to be safer and more desirable. Additionally, there are several hidden gem neighborhoods in Yakima that are worth exploring, such as those featured in a video tour of 5 hidden gem neighborhoods in Yakima.
What are some fun things to do in Yakima?
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There are plenty of fun things to do in Yakima, including visiting the Yakima Valley Museum, going wine tasting at one of the many local wineries, and exploring the outdoors at places like the Yakima Greenway. You can also check out the Hop Country Craft Beer Trail, go skiing or mountain biking, or attend one of the many festivals and events in the area, such as the Folklife Festival or the Central Washington State Fair.
What is the food scene like in Yakima?
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The food scene in Yakima is diverse and features a range of restaurants, including those serving Mexican food, which is particularly popular in the area. Some highly-recommended restaurants include Cowiche Canyon - Kitchen & Icehouse, WaterFire Restaurant & Bar, and Miner's Drive-in. There are also plenty of great food trucks and cafes to try, and the area is known for its fresh local produce.
What are the pros and cons of living in Yakima?
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Some pros of living in Yakima include the friendly and helpful community, the abundance of outdoor recreational opportunities, and the relatively low cost of living. However, some cons include the fact that the area can be quite conservative, and some people may find the job market limited. Additionally, the area has a higher crime rate compared to other parts of the state, which can be a concern for some people.
Is Yakima a good place to live?
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Whether or not Yakima is a good place to live depends on your individual preferences and priorities. If you value a strong sense of community, outdoor recreation, and a relatively low cost of living, Yakima may be a great fit for you. However, if you are looking for a more liberal or diverse community, or if you are concerned about crime rates, you may want to consider other options. Ultimately, it's worth doing your research and weighing the pros and cons before making a decision.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Yakima WA Commercial Property: $39,462
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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