Listing Agency: SVN Retter & Company d***@rcsothebysrealty.com

Listed By: Rob Ellsworth · License ##17790 Show Phone

Source: Exprealty

Added: Jun 1 Changed: Oct 25 Last Checked: Oct 28 at 9:08AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This newly built industrial facility is move-in ready and designed for straightforward tenant occupancy. The available space is configured with one overhead door and a glass man door at the front, along with an included office and an ADA restroom. A secured yard area is also available for additional operational needs.

The property is located at 110-68 Gateway Rd in Burbank, WA, and is offered for sale. For details on the specific configuration and availability within the building, contact the listing agent using MLS #293437.

Key Highlights

• New industrial building, move‑in ready
• Available space is 24 x 60
• Includes 1 overhead door and a glass man door at the front entry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,267

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,340 $205.3K

Cap Rate 7%

$146,671 $146.7K

Cap Rate 9%

$114,078 $114.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$13.0K $9.00/SF

− Vacancy

−$881 −$0.61/SF

EGI

$12.1K $8.39/SF

− OpEx

−$1.8K −$1.26/SF

NOI

$10.3K $7.13/SF

Area

Walla Walla County, WA

Vacancy

6.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,340

Cap Rate 7%

$146,671

Cap Rate 9%

$114,078

Alternative Uses

Best Use

Warehouse

$146.7K

$128.3K – $171.1K (±1% cap)

NOI $10,267 @ 7.0% cap · market cap 540.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$338.9K

$296.5K – $395.4K (±1% cap)

NOI $23,722 @ 7.0% cap · market cap 1,248.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Electrical Service Auto Repair Shop Garden Center Restaurant Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

48

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar Off Market Nearby

• The Ally Way — 199 S 2nd St, Burbank, WA 99323
• Cld Pacific Grain LLC — 337 Grain Terminal Rd # B, Burbank, WA 99323
• Tri-Cities Grain — burbank, wa 99323

Frequently Asked Questions

What type of property is this?

Warehouse - New industrial building with one overhead door, glass entry door, office, and ADA restroom, plus available secured yard space.

Where is this warehouse located?

The property is located at 110-68 Gateway Rd Burbank, WA.

What are key features of this property?

This property features: New industrial building, move‑in ready; Available space is 24 x 60; Includes 1 overhead door and a glass man door at the front entry