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    Waterfront Residential Land Parcel Title is generated by Realmo AI

    8047 Asotin Creek Road, Asotin, WA 99402

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    Claim this Listing
    For Sale
    $162,000

    LAND - Asotin, WA

    Lot size:
    2.58 Acres
    Added:
    Dec 23, 2025
    Days on Market:
    167
    Last Refresh:
    Jun 8 at 2:06 am

    Property Features for 8047 Asotin Creek Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10510002400050000
    Lot size
    2.58 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEE EXHIBIT A. PTN OF SECTION 22, TOWNSHIP 10 NORTH, RANGE 45 EWM., ASOTIN COUNTY, WASHINGTON.
    Tax Annual Amount
    507

    Utilities

    Utilities
    Electricity Available
    Water source
    Spring, Well
    Water front features
    Creek, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Mariah Davy

    Listing agent Mariah Davy License #4161077

    Listing office Assist 2 Sell Discovery Real Estate 524 Bryden Avenue, Lewiston, WA

    Listing date Dec 23, 2025

    MLS# 98970260 Listing URL

    Copyright © 2026 Intermountain 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.

    HighLights

    • 2.58‑acre parcel with water rights
    • Scenic creek frontage and stunning canyon views
    • Animal rights included
    • Mostly flat, usable terrain ideal for building or recreation
    • Electric nearby and possibility of a shared well
    • Back of lot connects to public land with recreational opportunities

    Overview

    This offering is a 2.58-acre mostly flat parcel with creek frontage and scenic canyon views. The property includes water rights and is described as having “animal rights.” A portion of the lot is sloped toward the back and connects to public land, providing access to additional recreational opportunities. The terrain is characterized as usable for development of a future homesite, while still supporting recreational and private-retreat types of uses.

    The property is located at 8047 Asotin Creek Road in Asotin, Washington. Utilities are noted as being nearby, and the listing states there is the possibility of a shared well, which can be an important factor when planning water service for a new residence.

    For buyers, this land configuration is best suited to someone looking to build in a quiet, natural setting with creek frontage and views. The combination of mostly developable area, water rights, and the presence of nearby utilities supports a range of owner-operator plans, including a primary homesite, small livestock, or recreational use. The adjacency to public land through the back portion can also appeal to buyers who want direct access to outdoor activities without leaving the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Asotin
    County
    Asotin
    State
    Washington
    Longitude
    -117.147316
    Latitude
    46.325079

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    FAQs

    What type of property is this?
    Residential land & home lot - Mostly flat acreage with creek frontage and water rights, suited for a private homesite or small livestock use.
    Where is this residential land & home lot located?
    The property is located at 8047 Asotin Creek Road Asotin, WA.
    What is the asking price?
    The asking price for this property is $162,000.
    What are key features of this property?
    This property features: 2.58‑acre parcel with water rights; Scenic creek frontage and stunning canyon views; Animal rights included
    (208) 292-7007
    We can help!
    Listing Contact
    Mariah Davy
    Real Estate License ID: 4161077
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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.

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    8047 Asotin Creek Road, Asotin, WA 99402
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