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    90 2Nd St Asotin, WA 99402

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    Sponsored
    For Sale
    $399,000

    MULTI_FAMILY - Asotin, WA

    Property size:
    3,513 SF
    Lot size:
    0.39 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 7 at 8:06 am

    Property Features for 90 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    10440000800010000
    Parking
    10
    Size
    3,513 SF
    Lot size
    0.39 Acres

    Utilities

    Cooling system
    Central Air, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1969
    Number of units
    5
    Building materials
    Concrete, Log, Wood Siding

    We can help!

    Listing Contact
    Levi Gibson

    Coldwell Banker Tomlinson Associates (208) 819-3003

    Listing agent Levi Gibson (208) 305-4519 License #7571748

    Listing date Feb 17, 2026

    MLS# 98948809 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.

    Learn more

    Property Insight Report

    Overview

    Asotin Lodge Investment Opportunity

    The Asotin Lodge presents a cash flow investment opportunity with a 10% CAP Rate and potential for increased returns. The property underwent a full renovation in the early 2000s. Four hotel rooms with kitchenettes generate approximately $22.9k NET annually through leases to traveling nurses. The restaurant space is leased on a Triple-Net basis at $2,730 per month. The hotel rooms are currently leveraged at approximately 50% capacity due to limited marketing. The landlord owns the restaurant kitchen trade fixtures, which are maintained by the tenant. The restaurant lease is up in August 2026, with an option to extend. Fuel tanks from the former gas station are available but in inactive status; the owners have maintained state inspections and protection equipment. The property includes land to the west of the lodge, previously considered for RV spaces or jet boat storage bays. Prospective buyers should verify the feasibility of utilizing the extra lot space and the requirements for reactivating the fuel pumps. The property is located in Asotin, WA, and the parcel size is 0.39 acres. The building size is 3513 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matt's Grill & Lodge Bar & Pub

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Cafe & Coffee Shop

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

    Similar Places Nearby

    Floch Hall Asotin County Fairgrounds

    Location Insight

    • Map
    • Local Demand
    City
    Asotin
    County
    Asotin
    State
    Washington
    Longitude
    -117.055193
    Latitude
    46.339942

    FAQs

    What type of property is this?
    Motel - Cash cow investment property with additional upside potential.
    Where is this motel located?
    The property is located at 90 2Nd St Asotin, WA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High-yield investment property with an impressive 10% CAP rate and potential for increased revenue.; - Four hotel rooms with kitchenettes generate ~$22.9k NET annually through leases to traveling nurses.; - Restaurant space leased on a Triple-Net basis at $2,730/month, providing stable income.
    (208) 819-3003
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    90 2Nd St Asotin, WA 99402
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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
    90 2Nd St Asotin, WA 99402
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    We can help!
    Listing Contact
    Levi Gibson
    Real Estate License ID: 7571748
    (208) 819-3003 (208) 746-7400 (208) 305-4519
    Learn more
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