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    The Largest CRE Database in the US with Over 1 Million Listings

    Mick Nazerali, Pullman, WA

    License ID: 9879
    Years of Experience
    33
    Association
    Whitman County Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (206) 794-7860
    Office Address:
    717 W Sprague Avenue, Suite 801, Spokane, WA 99201

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    18
    Price range
    $50k - 1.6M
    Average price
    $800k

    Listings

    For Sale (18)

    View map
    • $975,000
      2.64 Acres

      Pullman Commercial Land Opportunity

      2.64 acre commercial land for sale in Pullman, WA.
      N Grand Ave, Pullman, WA 99163
      View Details
    • $695,000
      Pending

      Pullman WA Industrial Property

      Industrial property for sale in Pullman, Washington.
      2255 NE Hopkins Ct, Pullman, WA 99163
      View Details
    • New
      $96,000
      0.24 Acres

      Pullman WA Residential Lot

      Residential lot in Pullman's newest development with territorial views.
      2030 NW Canyon View Dr, Pullman, WA 99163
      View Details
    • New
      $135,000
      0.35 Acres

      Residential Lot in Pullman, WA

      Residential lot with territorial views in Pullman's newest development.
      1265 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $122,000
      0.29 Acres

      Residential Lot in Pullman, WA

      Residential lot with territorial views in an upscale neighborhood.
      1245 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $113,000
      0.21 Acres

      Residential Lot in Pullman, WA

      Residential lot in Pullman's newest development with territorial views.
      1135 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $111,000
      0.25 Acres

      Pullman Residential Lot For Sale

      Residential lot in Pullman's newest development with territorial views.
      2090 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $128,000
      0.41 Acres

      Pullman Residential Lot with Views

      Residential lot in Pullman's newest development with territorial views.
      1115 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $128,000
      0.45 Acres

      Residential Land in Pullman, WA

      Residential land for sale in Pullman, Washington, with territorial views.
      1205 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $125,000
      0.35 Acres

      Residential Lot in Pullman, WA

      Residential lot with territorial views in Pullman's newest development.
      1225 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $118,000
      0.27 Acres

      Residential Lot in Pullman, WA

      Residential lot with territorial views in an upscale neighborhood.
      2085 NW Overlook Dr, Pullman, WA 99163
      View Details
    • New
      $128,000
      0.48 Acres

      Residential Lot in Pullman, WA

      Residential lot in Pullman's newest development with territorial views.
      1195 NW Overlook Dr, Pullman, WA 99163
      View Details
    • $379,000
      Pending

      Well-Maintained Duplex Near WSU

      Updated 2BR/1BA duplex with strong rental history near WSU.
      325 NW Thomas St, Pullman, WA 99163
      View Details
    • $715,000
      3,748 SF

      Well-Maintained Triplex with Income Potential

      Triplex with owner-occupied living and income potential in Pullman.
      405 NW North St, Pullman, WA 99163
      View Details
    • $939,900
      4,476 SF

      Newer Tri-Plex in Prime Location

      Rare tri-plex with long-term tenants and strong cash flow.
      2430 NW Granite Ct, Pullman, WA 99163
      View Details
    • $3,950,000
      0.63 Acres

      Land For Sale, Pullman

      0.63 acre land available in Pullman, Washington.
      400 NE Colorado St, Pullman, WA 99163
      View Details
    • $975,000

      Prime Pullman Commercial Land

      High-Visibility Warehouse & Storage, 2.64 Acres
      0 Grand Ave, Pullman, WA 99163
      View Details
    • $695,000
      2.80 Acres

      Prime Pullman Office Building

      2.8 Acres, High Visibility, Three Suites
      2255 Hopkins Ct, Pullman, WA 99163
      View Details

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    Mick Nazerali, Pullman, WA
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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.

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