Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pasco Retail Pad Building Title is generated by Realmo AI

    1408 N 20th Ave, Pasco, WA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

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

    Type:RETAIL
    Property size:
    3,291 SF
    Lot size:
    10.03 Acres
    Added:
    Nov 8, 2022
    Days on Market:
    1304
    Last Refresh:
    May 19 at 9:51 pm

    Property Features for 1408 N 20th Ave

    General Information

    Standard status
    Active
    Size
    3,291 SF
    Lot size
    10.03 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1408 N 20th Ave Contact us

    We can help!

    Listing Contact
    Kenneth Davis
    Kenneth Davis

    Listing agent Kenneth Davis

    Listing office SVN Cascades

    Listing date Nov 8, 2022

    Source Moodyscre

    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 Cascades

    HighLights

    • High traffic location with 35,000+ vehicles per day (VPD).
    • 3,291 SF free‑standing pad building.
    • Prime location off the controlled intersection of Court and 20th Ave.
    • Dedicated pole sign for high visibility.
    • Ideal retrofit candidate for a Quick Service Restaurant (QSR).
    • Spacious layout suitable for a range of businesses.

    Overview

    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 traffic volume exceeding 35,000 vehicles per day. The location is suitable for a range of businesses and is a potential retrofit candidate for a Quick Service Restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    GenX Clothing Clothing Store Monarca Kitchen Restaurant Exosomes HRT Clinic: ... Health Counselor Vladimir Krinitsyn - State ... Insurance Agency Boost Mobile Mobile Phone Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.119
    Latitude
    46.2409

    Nearby Similar for Lease

    • $24 SF/Yr
      2,968 SF

      Modern Office & Flex Space

      Versatile office suite in a prime Pasco location.
      5715 Bedford St, Pasco, WA 99301
      View Details
    • $4,500/Mo
      4,400 SF

      Pasco Commercial Building For Lease

      Versatile 4,400 SF building with retail and warehouse space.
      2331 W A St, Pasco, WA 99301
      View Details
    • $7,385/Mo
      4,380 SF

      Office and Warehouse with Lay-Yard

      Office, warehouse, and lay-yard facility designed for industrial uses.
      1342 Saint Helens St., Bldg B1, Pasco, WA 99301
      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, Pasco, WA
      View Details
    • $30 SF/Yr
      3,291 SF

      Pasco Retail Pad Building

      Freestanding 3,291 SF building in high-traffic Pasco location.
      1406 N. 20th Avenue, Pasco, WA 99301
      View Details
    • $13 SF/Yr
      6,000 SF

      Pasco Office or Retail Space

      Office or retail spaces available in Pasco, Washington.
      510 N 20th Ave, Pasco, WA
      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
      View Details
    • $1,500/Mo

      Prime Pasco Retail Space Available

      Retail space with high visibility, ample parking, and easy access.
      2735 W Court St, Pasco, WA 99301
      View Details
    • $10 SF/Yr
      20,500 SF

      Retail Spaces in Riverview Plaza

      Retail spaces for lease in Pasco's Riverview Plaza.
      3431 W Court, Pasco, WA 99301
      View Details
    • $20 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 Lane, Pasco, WA
      View Details
    • $12 SF/Yr
      5,676 SF

      Functional Warehouse Space in Pasco

      5,676 SF warehouse with convenient access to I-82.
      3210 North Swallow Avenue, Pasco, WA
      View Details
    • Contact for pricing
      5,000 SF

      Light Industrial Warehouse with Office

      Clear-span warehouse with upgraded office space available for lease.
      836 S 3rd, Pasco, WA
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,291 SF free-standing building in high-traffic Pasco location.
    Where is this retail space located?
    The property is located at 1408 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 **35,000+ vehicles per day (VPD)**.; **3,291 SF free‑standing pad building.**; Prime location off the controlled intersection of Court and 20th Ave.
    (509) 949-0860 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kenneth Davis
    Kenneth Davis
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1408 N 20th Ave, Pasco, WA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!