Add Listing
    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

    607 5th Prosser, WA 99350

    View on Map
    For Sale
    $1,400,000

    Industrial - Prosser, WA

    Type:Industrial
    Lot size:
    0.34 Acres
    Added:
    Sep 17, 2024
    Days on Market:
    562
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 607 5th

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    Commcl General
    Standard status
    Active
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    3700

    Building Details

    Year built
    1949
    Architectural style
    Other

    We can help!

    Listing Contact
    Aaron Zehm
    Aaron Zehm

    Listing agent Aaron Zehm

    Listing office Windermere Real Estate/HLC 13901 NE 175th St, Woodinville, WA

    Listing date Sep 17, 2024

    MLS# 278992 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.

    Overview

    Prosser, WA Industrial Opportunity

    Located in Prosser, Washington, this commercial property offers an industrial opportunity. The property is zoned for general commercial use and has a lot size of 0.34 acres. The listing price is $1,400,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Milne Fruit Products ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosser
    County
    Benton
    State
    Washington
    Longitude
    -119.771888
    Latitude
    46.20444

    Nearby Similar for Sale

    • $830,000
      3,820 SF

      New Townhomes in Prosser Portfolio

      Two new construction townhomes in Prosser, WA, tenant occupied.
      1027 Park Avenue, Prosser, WA 99350
      View Details
    • $450,000

      Prosser Vineyard with Mountain Views

      15-acre vineyard in wine country with development potential.
      Nka W Old Inland Empire Hwy, Prosser, WA 99350
      View Details
    • $499,900
      3,348 SF

      Prosser Triplex with Carport

      1998 Triplex in Prosser with carport and off-street parking.
      350 Nunn Rd, Prosser, WA 98350
      View Details
    • $599,900
      5,125 SF

      Prosser Duplex with Daylight Basements

      Well-maintained duplexes with serene views and daylight basements.
      1350 Rohman Drive, Prosser, WA 99350
      View Details
    • $546,788

      Prosser Vineyard with Water Rights

      64-acre vineyard with Roza water rights and wind machines.
      54402 N Hinzerling Rd., Prosser, WA 99350
      View Details
    • $1,560,000
      7,610 SF

      Prosser Townhome Portfolio Opportunity

      Tenant-occupied townhome portfolio in Prosser's Hidden Hills community.
      916 Hidden Lane, Prosser, WA 99350
      View Details
    • $1,560,000
      7,610 SF

      Tenant-Occupied Townhome Portfolio

      Fully leased townhome portfolio in Prosser's Hidden Hills community.
      932 Hidden Lane, Prosser, WA 99301
      View Details
    • $2,250,000
      11,430 SF

      Prosser Townhome Portfolio

      Six luxury townhomes in Prosser's Hidden Hills community.
      931 Hidden Lane, Prosser, WA 99301
      View Details
    • $250,000

      Irrigated Farmland in Prosser, WA

      9.62 acres of irrigated agricultural land for sale.
      25214 N Rothrock Road, Prosser, WA 99350
      View Details
    • $20
      1 SF

      High-Traffic Commercial Opportunity in Prosser

      Prime location near hospital, freeway, and Wine Country Road.
      210 Chardonnay Avenue Prosser, WA 99350, WA 99350
      View Details
    • $1,400,000

      Prosser Office Building For Sale

      Commercial office building in Prosser, WA available for purchase.
      607 5th St, Prosser, WA 99350-1365
      View Details
    • $219,900

      Downtown Prosser Professional Office Building

      Professional office building in downtown Prosser with high visibility.
      1109 Meade Ave, Prosser, WA 99350
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property for sale in Prosser, Washington.
    Where is this specialty property located?
    The property is located at 607 5th Prosser, WA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Built in 1949
    (206) 999-3724
    We can help!
    Listing Contact
    Aaron Zehm
    Aaron Zehm
    Real Estate License ID: WA 98322AB
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!