Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    320 N 20Th Ave Pasco, WA 99301

    Sponsored
    For Sale
    Contact for pricing

    Office - Pasco, WA

    Type:Office
    Lot size:
    0.38 Acres
    Days on Market:
    477
    Last Refresh:
    Jan 20 at 2:06 pm

    Property Features for 320 N 20Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commcl Retail
    Lot size
    0.38 Acres

    Building Details

    Year built
    1980
    Architectural style
    Other

    We can help!

    Listing Contact
    Kirt Shaffer

    Tippett Company Of Washington, LLC. (509) 545-3355

    Listing agent Kirt Shaffer (509) 545-3355 License #50402

    Listing date Oct 1, 2024

    MLS# 279155 Listing URL

    Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pasco Commercial Retail Opportunity

    This commercial property in Pasco, Washington, is suitable for retail and automotive businesses, as well as parking lots and garages. The lot size is approximately 0.38 acres. The zoning is classified as commercial retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glowing Smiles Teeth Whitening Service Homes By Jessica ... Contractor White Shield Inc Engineering Consultant Acquisition Business Consultants ... Construction Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Security Mini Storage, U-Haul Neighborhood Dealer, U-Haul Neighborhood Dealer, Propane Refill at U-Haul, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.1178645
    Latitude
    46.2321639

    Nearby Similar for Sale

    • $4,200,000
      0.81 Acres

      Pasco Office For Sale

      Office property available for purchase in Pasco, Washington.
      9425 Sandifur Pkwy, Pasco, WA 99301
      View Details
    • $4,700,000
      1.04 Acres

      Pasco Hotel/Motel For Sale

      Pasco, WA Hotel/Motel opportunity on 1.04 acres.
      720 W Lewis St, Pasco, WA 99301
      View Details
    • Contact for pricing
      1.08 Acres

      Pasco Industrial Land For Sale

      Industrial land available in Pasco, Washington.
      836 S 3Rd Ave, Pasco, WA 99301
      View Details
    • $3,700,000
      1.77 Acres

      Pasco Retail Opportunity For Sale

      Retail property available for purchase in Pasco, Washington.
      3330 W Court St, Pasco, WA 99301
      View Details
    • $1,850,000
      Pending

      Retail Opportunity in Pasco, WA

      Retail property for sale in Pasco, Washington.
      6404 Court St, Pasco, WA 99301
      View Details
    • $525,000
      0.33 Acres

      Pasco Retail Opportunity

      Retail property for sale in Pasco, Washington.
      1817 W Sylvester St, Pasco, WA 99301
      View Details
    • Contact for pricing

      Pasco Industrial Opportunity

      Industrial property for sale in Pasco, Washington.
      1320 W A St, Pasco, WA 99301
      View Details
    • Contact for pricing
      2.10 Acres

      Pasco Office For Sale

      Office property available for sale in Pasco, Washington.
      5715 Bedford St, Pasco, WA 99301
      View Details
    • $389,000
      0.26 Acres

      Pasco Office For Sale

      Office building in Pasco, WA available for purchase.
      707 W Margaret St, Pasco, WA 99301
      View Details
    • $775,000
      3,536 SF

      Pasco Fourplex with Separate Utilities

      Fourplex in Pasco, WA, each unit with separate utility hookups.
      1504 W Ruby St, Pasco, WA 99301
      View Details
    • Contact for pricing
      0.38 Acres

      Pasco Office For Sale

      Commercial office property available in Pasco, Washington.
      320 N 20Th Ave, Pasco, WA 99301
      View Details
    • $315,000
      0.27 Acres

      Pasco Restaurant For Sale

      Restaurant property for sale in Pasco, Washington.
      939 S 10Th Ave, Pasco, WA 99301
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Commercial retail property for sale in Pasco, Washington.
    Where is this parking lot & garage located?
    The property is located at 320 N 20Th Ave Pasco, WA.
    What is the asking price?
    The asking price for this property is $18.
    What are key features of this property?
    This property features: - Year Built: 1980
    (509) 521-9183
    Request Owner's contact information
    320 N 20Th Ave Pasco, WA 99301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 N 20Th Ave
    Pasco, WA 99301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    320 N 20Th Ave Pasco, WA 99301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kirt Shaffer
    Real Estate License ID: 50402
    (509) 521-9183
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.