Eastside Industrial Property For
For Sale
Contact for pricing
2719 East Isaacs Avenue, Walla Walla, WA
Industrial property on Isaacs Avenue with city utilities and fencing.
Property Size2,680 SF
Lot Size0.52 Acres
Price / SF$111.57
Days on Market1257
Property Features for 2719 East Isaacs Avenue
General Information
Standard status
Active
Size
2,680 SF
Lot size
0.52 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Windermere Real Estate Walla Walla
(509) 386-2471
Listed By:
Todd Wright · License #R11404
(509) 386-2471
Source:
Moodyscre
Added: Mar 1, 2023
Changed: Aug 8
Last Checked: Aug 9 at 1:53PM
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 Windermere Real Estate Walla Walla
Investment Insights
Based on property information with market context.
This industrial property is located on East Isaacs Avenue. The site is fully fenced and served by city water and sewer. The property has a size of 2680 square feet. A past tenant operated a Tier 1 grow and processing business at this location.
Key Highlights
- Great Eastside location on busy Isaacs Avenue.
- Fully fenced site.
- Served by city water and sewer.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,108
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,160
$382.2K
Cap Rate 7%
$272,971
$273.0K
Cap Rate 9%
$212,311
$212.3K
Market Conditions
NOI Build-Up for 2,680 SF
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.
Gross rent
$24.1K $9.00/SF
− Vacancy
−$1.6K −$0.61/SF
EGI
$22.5K $8.39/SF
− OpEx
−$3.4K −$1.26/SF
NOI
$19.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,160
Cap Rate 7%
$272,971
Cap Rate 9%
$212,311
Alternative Uses
Best Use
Warehouse
$273.0K
$238.9K – $318.5K
NOI $19,108 @ 7.0% cap · market cap 6.39%
Second Best
Industrial
$224.8K
$196.7K – $262.3K
NOI $15,736 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$630.7K
$551.9K – $735.8K
NOI $44,149 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial property on Isaacs Avenue with city utilities and fencing.
Where is this manufacturing property located?
The property is located at 2719 East Isaacs Avenue Walla Walla, WA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Great Eastside location on busy Isaacs Avenue.; Fully fenced site.; Served by city water and sewer.
