Flex Space With Three Shop
For Sale
$599,999
1080 Basin St NW, Ephrata, WA 98823
Main-street commercial property with separate shop areas, roll-up access, and dedicated office space.
Property Size4,636 SF
Lot Size0.37 Acres
Price / SF$129.42
Days on Market87
Property Features for 1080 Basin St NW
General Information
Standard status
Active
Size
4,636 SF
Lot size
0.37 Acres
Warehouse & Industrial
Office Build-Out
300 SF
Drive-In Doors
3
Building Details
Year Built
1988
Building Size
4,636 SF
Listing Agency:
Gateway Real Estate
Listed By:
Shelley Hansen
(253) 904-1500
Source:
Hanshagmeier
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 7 at 1:06PM
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 Gateway Real Estate
Investment Insights
Based on property information with market context.
Built in 1988, this 4,636-square-foot flex property occupies a level 16,200-square-foot lot at 1080 Basin St NW in Ephrata. The building contains three separate shop areas: one measuring 2,200 square feet and two measuring 1,200 square feet each. Every shop has a 10-foot roll-up door and its own man-door entry. An approximately 300-square-foot office adds dedicated administrative or customer-facing space, while an exterior shed provides additional storage or work area.
The property offers direct exposure along a main street and convenient access. Its divided configuration supports separate occupancy of the shop areas, providing flexibility for an owner-user or leasing arrangement. The layout combines shop, office, and exterior storage components within a single commercial property.
The property offers direct exposure along a main street and convenient access. Its divided configuration supports separate occupancy of the shop areas, providing flexibility for an owner-user or leasing arrangement. The layout combines shop, office, and exterior storage components within a single commercial property.
Key Highlights
- 4,636‑square‑foot flex building on a level 16,200‑square‑foot lot
- Three separate shop areas: 2,200 square feet plus two 1,200‑square‑foot units
- Each shop includes a 10‑foot roll‑up door and man‑door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,094
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,880
$881.9K
Cap Rate 7%
$629,914
$629.9K
Cap Rate 9%
$489,933
$489.9K
Market Conditions
NOI Build-Up for 4,636 SF
Gross rent
$74.5K $16.08/SF
− Vacancy
−$6.7K −$1.45/SF
EGI
$67.8K $14.63/SF
− OpEx
−$23.7K −$5.12/SF
NOI
$44.1K $9.51/SF
Area
Grant County, WA
Vacancy
9.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,880
Cap Rate 7%
$629,914
Cap Rate 9%
$489,933
Alternative Uses
Best Use
Flex RnD
$629.9K
$551.2K – $734.9K
NOI $44,094 @ 7.0% cap · market cap 7.35%
Second Best
Warehouse
$473.7K
$414.5K – $552.7K
NOI $33,160 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.01M
$881.2K – $1.17M
NOI $70,497 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98823, WA
12,393
Population
4,646
Households
2.7
Avg Household Size
35
Median Age
17%
College-Educated
90%
High-School Grad
298.2 sq mi
ZIP Area
42
Density / Sq Mi
$77,361
Median Household Income
$46,929
Median Earnings
$956
Median Rent
$256,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Main-street commercial property with separate shop areas, roll-up access, and dedicated office space.
Where is this flex space located?
The property is located at 1080 Basin St NW Ephrata, WA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 4,636‑square‑foot flex building on a level 16,200‑square‑foot lot; Three separate shop areas: 2,200 square feet plus two 1,200‑square‑foot units; Each shop includes a 10‑foot roll‑up door and man‑door access
