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    425 Bridge St Clarkston, WA 99403

    View on Map
    Sponsored
    For Sale
    $5,000,000

    COMMERCIAL - Clarkston, WA

    Type:Retail
    Property size:
    15,256 SF
    Lot size:
    1.27 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 8 at 12:06 am

    Property Features for 425 Bridge St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    APN
    l00138033000000
    Basement
    None
    Size
    15,256 SF
    Lot size
    1.27 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    2015
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Joel Pearl
    Joel Pearl

    Pearl Realty (208) 762-5500

    Listing agent Joel Pearl (208) 762-5500 License #DB29302

    Listing date Mar 2, 2026

    MLS# 26-362

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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

    Walgreens NNN Investment Opportunity

    This commercial property in Clarkston, WA, presents an opportunity to acquire a Walgreens operating under an absolute NNN lease. The property generates $375,000 in annual net income. The lease has approximately 10 years of firm term remaining. Constructed in 2015, this 14,550 square foot Walgreens is located at 425 Bridge Street and includes 53 parking spaces. It is positioned on a visible, signalized hard corner within a high-traffic retail corridor, serving the Lewiston, Idaho-Clarkston, Washington bi-state metropolitan area. The property benefits from regional traffic, including traffic from a 1.5-hour radius to the area's only Costco. The tenant is responsible for all expenses, including taxes, insurance, maintenance, roof, structure, and parking lot. The property is adjacent to Costco Wholesale and Walmart Supercenter. The 1.27-acre site is located in Washington State, which offers the benefit of no personal income tax, and is supported by regional connectivity via river, rail, and highway infrastructure. Asotin County continues to experience steady growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo (Bike/Boat/Book/etc) Store COVID-19 Drive-Thru Testing ... Pharmacy Redbox Cinema FedEx OnSite Postal Service Walgreens Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Similar Places Nearby

    Brian T. Hocum, PharmD, Wasem's Pharmacy and Home Medical, Alicia Nuxoll, Lear Wickens, Cynthia Wendt

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Asotin
    State
    Washington
    Longitude
    -117.043584
    Latitude
    46.419574

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    FAQs

    What type of property is this?
    Drug store - Freestanding Walgreens in Clarkston, WA with long-term lease.
    Where is this drug store located?
    The property is located at 425 Bridge St Clarkston, WA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Absolute NNN lease provides 100% passive income.; - **$375,000 annual net income at a 7% cap rate** with approximately 10 years of firm lease term remaining.; - Located on a **highly visible, signalized hard corner** in a high-traffic retail corridor adjacent to Costco and Walmart.
    (208) 762-5500
    Request Owner's contact information
    425 Bridge St Clarkston, WA 99403
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    Clarkston, WA 99403
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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.

    More about this property
    425 Bridge St Clarkston, WA 99403
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    We can help!
    Listing Contact
    Joel Pearl
    Joel Pearl
    Real Estate License ID: DB29302
    (208) 762-5500
    Learn more
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