Moses Lake Industrial/Retail
610 Broadway Ave Moses Lake, WA 98837
610 Broadway Ave, Moses Lake, WA, 98837
$993,613
For Sale
$993,613
11,800 SF building on 0.87 acres in Moses Lake, WA.
Property Size11,800 SF
Price / SF$84.20
Days on Market680
Property Features for 610 Broadway Ave
General Information
- Standard status
- Active
- Size
- 11,800 SF
Building Details
- Year Built
- 1952
Listing agency
SVN CORNERSTONE LLC
(509) 601-0695
Listed by
OMAR SADAOUI, CCIM · License ##22008121
Source
Corcoran
Added: Sep 10, 2024 Updated: Mar 16 at 9:09AM Checked: Jun 26 at 8:46PM
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 SVN CORNERSTONE LLC
Investment Insights
Based on property information with market context.
This 11,800 SF stand-alone building, formerly operated as a NAPA Auto Supply store, is located in Moses Lake, Washington. Situated on two parcels totaling 0.87 acres, the property benefits from high visibility and easy accessibility. The property is suitable for a range of commercial uses, featuring ample parking, flexible interior space, and frontage on a busy thoroughfare. It is available to occupy after July 1, 2025. The sale can include a leased cell tower that generates approximately $10,500 in annual revenue. Lease term options run through 2042 and provide rental increases every 5 years.
Key Highlights
- High‑visibility location with excellent frontage on a busy thoroughfare.
- 11,800 SF stand‑alone Industrial/Retail showroom building on 0.87 acres.
- Leased Cell‑Tower generating approximately $10,500 in annual revenue with lease options through 2042.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.2k | $9.00 |
| − Vacancy | −$6.9k | −$0.59 |
| EGI | $99.3k | $8.42 |
| − OpEx | −$14.9k | −$1.26 |
| NOI | $84.4k | $7.15 |
11,800 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 10.77%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,402 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,436 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- Cows R Us — Broadway Extended NE, Moses Lake, WA 98837
- Hall's Self Storage Office — 305 E E 3rd Ave, Moses Lake, WA 98837
- Hall Self Storage Facility — 9929 Kinder Rd NE, Moses Lake, WA 98837
FAQs
What type of property is this?
Warehouse - 11,800 SF building on 0.87 acres in Moses Lake, WA.
Where is this warehouse located?
The property is located at 610 Broadway Ave Moses Lake, WA.
What is the asking price?
The asking price for this property is $993,613.
What are key features of this property?
This property features: High‑visibility location with excellent frontage on a busy thoroughfare.; 11,800 SF stand‑alone Industrial/Retail showroom building on 0.87 acres.; Leased Cell‑Tower generating approximately $10,500 in annual revenue with lease options through 2042.
