Remodeled Two-Tenant Office
For Sale
$575,000
108 W Fremont Avenue, Selah, WA 98942
Updated office property with NNN lease structures and an established two-tenant occupancy in central Selah.
Property Size2,849 SF
Days on Market50
Property Features for 108 W Fremont Avenue
General Information
Standard status
Active
Size
2,849 SF
Class
B
Property subtype
Office - General Office
Additional Details
Asking Price
$575,000
Building Details
Building Size
2,849 SF
Year Built
1978
Year Renovated
2021
Units
2
Tenancy
Multi
Listing Agency:
Almon Commercial Real Estate
Listed By:
Chris Sentz · License #122205
(509) 969-8747
Source:
Commercialcafe
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 12 at 5:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Almon Commercial Real Estate
Investment Insights
Based on property information with market context.
This office building was constructed in 1978 and substantially remodeled in 2021. The property accommodates two tenants and is subject to NNN lease structures, providing an established commercial occupancy within an updated building.
The property is located at 108 W Fremont Avenue in Selah, Washington, just off the city’s primary commercial corridor. Its setting places the building near downtown businesses and residential neighborhoods, with access to the greater Yakima market. The address provides a central location for an office asset serving the Selah community.
The property is located at 108 W Fremont Avenue in Selah, Washington, just off the city’s primary commercial corridor. Its setting places the building near downtown businesses and residential neighborhoods, with access to the greater Yakima market. The address provides a central location for an office asset serving the Selah community.
Key Highlights
- Two‑tenant office property with established occupancy
- Substantial remodeling completed in 2021
- NNN lease structures in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,327
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,540
$606.5K
Cap Rate 7%
$433,243
$433.2K
Cap Rate 9%
$336,967
$337.0K
Market Conditions
NOI Build-Up for 2,849 SF
Gross rent
$43.4K $15.24/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$40.4K $14.19/SF
− OpEx
−$10.1K −$3.55/SF
NOI
$30.3K $10.64/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,540
Cap Rate 7%
$433,243
Cap Rate 9%
$336,967
Alternative Uses
Best Use
Office B
$433.2K
$379.1K – $505.5K
NOI $30,327 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 98942, WA
18,511
Population
7,629
Households
2.4
Avg Household Size
37
Median Age
25%
College-Educated
86%
High-School Grad
183.1 sq mi
ZIP Area
101
Density / Sq Mi
$83,251
Median Household Income
$53,842
Median Earnings
$1,354
Median Rent
$352,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Updated office property with NNN lease structures and an established two-tenant occupancy in central Selah.
Where is this office building located?
The property is located at 108 W Fremont Avenue Selah, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑tenant office property with established occupancy; Substantial remodeling completed in 2021; NNN lease structures in place
