Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1406 N 20Th Ave Pasco, WA 99301

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $30 SF/Yr ($8,227 /Mo)

    Freestanding 3,291 SF building in high-traffic Pasco location.

    Property size:
    3,291 SF
    Lot size:
    3,291 SF

    Property Features for 1406 N 20Th Ave

    General Information

    Size
    3,291 SF

    Building Details

    Year built
    1975

    We can help!

    Listing Contact
    Ken Davis
    Source: Svn

    Listing Agent: Ken Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pasco Retail Pad Building

    This 3,291 square foot free-standing pad building is located off the intersection of Court and 20th Avenue in Pasco, Washington. The property benefits from a dedicated pole sign and high traffic exposure, with over 35,000 vehicles per day. The location is in Court Street Plaza, a retail hub anchored by Albertson's (rebranding to Safeway), Rite Aid, and Dollar Tree. The center is planned to be refaced, including new pole and monument signs. The property is an ideal retrofit candidate for a Quick Service Restaurant or other businesses seeking high visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.1178754
    Latitude
    46.2407514

    Nearby Similar for Lease

    • $22 SF/Yr
      1,890 SF

      Pasco Retail/Office/Flex Space Available

      First-generation office/retail/flex space in Tri-Cities Airport Business Center.
      3130 Varney Ln, Pasco, WA
      View Details
    • $27 SF/Yr
      9,311 SF

      Pasco Medical/Dental/Office Space

      9311 SF premier space in Pasco's growing commercial district.
      6825 Burden Blvd, Pasco, WA 99301
      View Details
    • $26 SF/Yr
      24,668 SF

      Pasco Plaza: Versatile Commercial Space

      Prime Pasco location suitable for office, retail, or medical use.
      2915 N 20Th Ave, Pasco, WA 99301
      View Details
    • $25 SF/Yr
      37,520 SF

      West Pasco Flex Space Available

      3,200 SF flex space with offices and warehouse.
      5804 Road 90, Pasco, WA 99301
      View Details
    • $6,500 /Mo
      3,500 SF

      Pasco Cross Dock Space Available

      Cross-dock space with remodeled office and fenced yard in Pasco.
      423 S Idaho Ave, Pasco, WA 99301
      View Details
    • Contact for pricing
      4,400 SF

      Pasco Warehouse: 4,400 SF

      Prime Pasco industrial space, ideal for distribution.
      2331 A St, Pasco, WA 99301
      View Details
    • $4,500 /Mo
      4,400 SF

      Versatile Retail and Shop Building

      4,400 SF building with retail and shop space for lease.
      2331 W A St, Pasco, WA 99301
      View Details
    • $12 SF/Yr
      8,280 SF

      West Pasco Flex Space Available

      Flex space in West Pasco, suitable for warehousing and manufacturing.
      5820 Road 92, Pasco, WA 99301
      View Details
    • $25 SF/Yr
      4,893 SF

      West Pasco Medical/Office Space

      Move-in-ready 4,893 SF space in West Pasco's commercial corridor.
      9521 Sandifur Pkwy, Pasco, WA 99301
      View Details
    • $1.60 SF/Yr
      11,000 SF

      Industrial Building Near Highway Interchange

      Light industrial building with easy highway access and flexible space.
      1237 N California Ave, Pasco, WA 99301
      View Details
    • $28 SF/Yr
      1,512 SF

      Versatile Plaza on 20th Avenue

      Office, retail, or medical space with tenant improvement options.
      2911-2925 N 20Th Ave, Pasco, WA 99301
      View Details
    • $10 SF/Yr
      25,389 SF

      Pasco Retail Space For Lease

      Retail spaces available on Court Street in Pasco, Washington.
      3405 & 3321 Ct W, Pasco, WA 99301
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding 3,291 SF building in high-traffic Pasco location.
    Where is this drive through restaurant located?
    The property is located at 1406 N 20Th Ave Pasco, WA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location with over 35,000+ VPD.; - Prime location off the fully controlled intersection of Court and 20th Ave.; - 3,291 SF free-standing pad building.
    (509) 949-0860
    Request Owner's contact information
    1406 N 20Th Ave Pasco, WA 99301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1406 N 20Th Ave
    Pasco, WA 99301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1406 N 20Th Ave Pasco, WA 99301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ken Davis
    (509) 949-0860
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.