For Sale
Union Gap, WA
Commercial Real Estate Market Trends & Data
$436
Avg asking sale price
$16
Avg asking lease rate
23,908 SF
Avg unit lease size
29,967 SF
Avg building size for sale
5.97%
Average cap rate
Union Gap's Demographic Profile
Union Gap has 2,191 households and a median income of $54,143, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 6,534 |
| # Households | 2,191 |
| Median age | 34 |
| Median household income | $54,143 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 829 |
| 5-year population change | 0% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Union Gap, WA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Yakima | $100 | 17,018 SF | 6.06% |
| Granger | $56 | 9,000 SF | 9.12% |
| Richland | $150 | 13,152 SF | 8.25% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Union Gap | $143 | 37,043 SF | 6.54% |
| Yakima | $122 | 79,949 SF | 7.77% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Union Gap | $766 | 13,632 SF |
| Yakima | $337 | 18,073 SF |
| Wapato | $113 | 22,400 SF |
| Selah | $133 | 13,112 SF |
| Toppenish | $150 | 8,640 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Yakima | $195 | 24,491 SF | 6.50% |
| Wenatchee | $91 | 34,916 SF | 5.93% |
| Cashmere | $91 | 34,916 SF | 5.93% |
| Moses Lake | $180 | 9,197 SF | 6.45% |
Commercial Properties For Sale in Union Gap
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Union Gap pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Union Gap | $436 | 29,967 SF |
| Yakima | $196 | 49,921 SF |
| Wapato | $402 | 10,591 SF |
| Zillah | $121 | 14,238 SF |
Regional Demographic Comparison
This comparison places Union Gap alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Union Gap or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Union Gap, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Union Gap
View All Commercial Real Estate For Sale in Union Gap
Is Union Gap a good market for a first-time commercial real estate investor?
Union Gap offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Union Gap?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Union Gap. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Union Gap?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Union Gap. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Union Gap compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Union Gap. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Union Gap acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Union Gap, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Market Trends
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