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

    425 Bridge St Clarkston, WA 99403

    Sponsored
    For Sale
    $5,357,143

    Commercial Building - Clarkston, WA

    Property size:
    14,550 SF
    Lot size:
    1.27 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 24 at 3:06 pm

    Property Features for 425 Bridge St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    000000-000.000-0038-17-33.000
    Parking features
    Garage
    Size
    14,550 SF
    Lot size
    1.27 Acres

    Building Details

    Year built
    2015
    Year renovated
    2015
    Architectural style
    Other

    We can help!

    Listing Contact
    Joel Pearl

    Pearl Realty, LLC (208) 762-5500

    Listing agent Joel Pearl (208) 762-5500

    Listing date Jan 20, 2026

    MLS# 11631059 Listing URL

    Copyright © 2026 My State MLS. 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

    NNN Walgreens Investment Opportunity

    This commercial building in Clarkston, WA, presents an opportunity to acquire a NNN Walgreens property. Constructed in 2015, this 14,550 square foot freestanding building is positioned on a visible, signalized corner. The property has 53 parking spaces. The building is located along Bridge Street (US Route 12) in a high-traffic retail area, adjacent to Costco Wholesale and Walmart Supercenter. The property generates $375,000 in annual net income. The lease structure is absolute NNN, with the tenant responsible for all expenses, including taxes, insurance, maintenance, roof, structure, and parking lot. The property 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. The property is located in Asotin County. The property is located in the Lewiston, Idaho-Clarkston, Washington bi-state metropolitan area. The property sits on a 1.27-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor COVID-19 Drive-Thru Testing ... Pharmacy Redbox Movie Rental Kiosk FedEx OnSite Mailing Service Walgreens Drug Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -117.043256
    Latitude
    46.419822

    Nearby Similar for Sale

    • $4,130,000
      11,959 SF

      Clarkston Waterfront Commercial Opportunity

      Unique waterfront RV park with restaurant and marina potential.
      1550 Port Dr, Clarkston, WA 99403
      View Details
    • $5,800,000
      12,500 SF

      Hells Canyon Tour Business Opportunity

      Established tour business with marina, boats, and riverfront lodge.
      1345 Port Dr, Clarkston, WA 99403
      View Details
    • $695,000
      2,340 SF

      Clarkston Five-Unit Residential Property

      Well-managed five-unit property in a desirable Clarkston neighborhood.
      820 2Nd St, Clarkston, WA 99403
      View Details
    • $925,000
      11,368 SF

      Clarkston Commercial Property For Sale

      Commercial property in Clarkston, WA, formerly Funke's Cabinets.
      1482 16Th Ave, Clarkston, WA 99403
      View Details
    • $1,660,000
      9,459 SF

      Red Wolf Marina Restaurant Opportunity

      Unique on-water restaurant and marina in Clarkston, Washington.
      1550 Port Dr, Clarkston, WA 99403
      View Details
    • $1,150,000
      7,900 SF

      Clarkson Commercial Property with Equipment

      Commercial building with land, equipment, and ample parking.
      517 Diagonal St, Clarkston, WA 99403
      View Details
    • New
      $1,150,000
      7,900 SF

      Clarkston Commercial Property with Equipment

      Commercial building with land, equipment, and parking in Clarkston, WA.
      517 Diagonal St, Clarkston, WA 99403
      View Details
    • $335,000
      1,319 SF

      Clarkston Duplex with Updated Units

      Two homes on one parcel in downtown Clarkston, Washington.
      713-715 4Th St, Clarkston, WA 99403
      View Details
    • $799,000
      4,911 SF

      Approved Apartment Complex Plans Included

      Investment opportunity with approved 44-unit apartment complex plans in Clarkston.
      1246 Chestnut St, Clarkston, WA 99403
      View Details
    • $1,050,000
      8,433 SF

      Clarkston Office Building For Sale

      Well-maintained commercial office building in downtown Clarkston with income potential.
      744 5Th St, Clarkston, WA 99403
      View Details
    • New
      $895,000
      6,799 SF

      Clarkston Commercial Building For Sale

      Commercial building in downtown Clarkston with high visibility and accessibility.
      720 6Th St, Clarkston, WA 99403
      View Details
    • $449,000
      2,900 SF

      Turnkey Restaurant & Bar, Clarkston

      Turnkey restaurant and bar in downtown Clarkston, Washington.
      916 6Th St, Clarkston, WA 99403
      View Details

    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 $5,357,143.
    What are key features of this property?
    This property features: - Absolute NNN lease provides 100% passive investment.; - Generates $375,000 in annual net income at a 7% cap rate.; - Long-term lease with approximately 10 years of firm term remaining.
    (208) 762-5500
    Request Owner's contact information
    425 Bridge St Clarkston, WA 99403
    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.
    425 Bridge St
    Clarkston, WA 99403
    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
    425 Bridge St Clarkston, WA 99403
    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
    Joel Pearl
    Real Estate License ID: DB29302
    (208) 762-5500
    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.