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    5602 Washington 270 Pullman, WA

    For Sale
    $595,000

    Fully leased cannabis-zoned investment near Washington State University.

    Lot size:
    3.13 Acres

    Property Features for 5602 Washington 270

    General Information

    Lot size
    3.13 Acres

    Source: SVN Cornerstone LLC Agent Cayden Kerr

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

    Overview

    Cannabis-Zoned Investment Opportunity

    This is a rare opportunity to acquire a fully leased, cannabis-zoned NNN investment along the highly visible Moscow-Pullman Highway, situated in one of the only commercially zoned corridors between Washington State University and the University of Idaho. This 3.13-acre site features two stabilized tenants: a dispensary on a new 5-year lease with 5% annual increases, and a grow operation paying consistent rent. Both tenants have been in place since 2016. The current lease extends through December 31, 2030, with a 5-year renewal option. The property is multi-tenant, featuring a retail storefront and a cannabis grow operation. As an absolute NNN property, it offers a fully passive, hands-off investment. The property includes a newer roof and well-maintained infrastructure. There is additional income potential with an existing unused structure ready for redevelopment. The location benefits from strong student, local, and commuter traffic.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.1796158
    Latitude
    46.7312745

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    FAQs

    What type of property is this?
    Retail space - Fully leased cannabis-zoned investment near Washington State University.
    Where is this retail space located?
    The property is located at 5602 Washington 270 Pullman, WA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Cannabis-zoned property in a limited-supply market, located between Washington State University and University of Idaho.; - Fully leased with two established tenants (dispensary and grow operation) in place since 2016.; - Absolute NNN lease structure provides a fully passive, hands-off investment.
    (509) 342-6206
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    Realmo Value Estimation

    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.

    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.

    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
    5602 Washington 270 Pullman, WA
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