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    425 Bridge St Clarkston, WA 99403

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    Claim this Listing
    New
    For Sale
    $5,000,000

    COMMERCIAL - Clarkston, WA

    Type:Retail
    Property size:
    14,550 SF
    Lot size:
    1.27 Acres
    Price / SF:
    $343/SF
    Added:
    Apr 20, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 24 at 5:06 pm

    Property Features for 425 Bridge St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Basement
    None
    Standard status
    Active
    APN
    l00138033000000
    Size
    14,550 SF
    Lot size
    1.27 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lots 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 and 33 in Block 38

    Utilities

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

    Building Details

    Year built
    2015
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Joel Pearl
    Joel Pearl

    Listing agent Joel Pearl License #DB29302

    Listing office Pearl Realty, LLC 9493 N Government Way, Hayden, WA

    Listing date Apr 20, 2026

    MLS# 26-3702

    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.

    Overview

    Freestanding Walgreens NNN Investment Opportunity

    This commercial property in Clarkston, WA, presents a passive investment opportunity with zero landlord responsibilities. The property is a freestanding 14,550 square foot building constructed in 2015. The tenant is responsible for all costs, including taxes, insurance, maintenance, roof, structure, and parking. The property generates $375,000 in annual net income at a 7.5% cap rate. Secured by a long-term lease with approximately 10 years of firm term remaining, the asset provides stable, predictable income. The property is positioned along Bridge Street (US Route 12), benefiting from traffic counts and regional draw. Located adjacent to Costco and Walmart Supercenter, the site is within a dominant retail corridor. The property is located in Washington, a state with no personal income tax, and is supported by regional connectivity via river, rail, and major highway infrastructure. The lot size is 1.27 acres. The property is suitable for commercial use.
    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 — 800 6th St, Clarkston, WA 99403
    • Wasem's Pharmacy and Home Medical — 800 6th St, Clarkston, WA 99403
    • Alicia Nuxoll — 800 6th St, Clarkston, WA 994032013
    • Lear Wickens — 800 6th St, Clarkston, WA 994032013
    • Cynthia Wendt — 800 6th St, Clarkston, WA 994032013

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Asotin
    State
    Washington
    Longitude
    -117.043583
    Latitude
    46.419574

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    FAQs

    What type of property is this?
    Drug store - Passive NNN Walgreens investment with long-term lease and zero landlord responsibilities.
    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: $375,000 annual net income with a 7.5% cap rate.; Absolute NNN lease with zero landlord responsibilities.; Long‑term lease with approximately 10 years of firm term remaining.
    (208) 762-5500
    We can help!
    Listing Contact
    Joel Pearl
    Joel Pearl
    Real Estate License ID: DB29302
    Learn More
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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
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