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

    Road 3 NE Moses Lake, WA 98837

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,000,000

    90+ acres of buildable land, development or agricultural farming.

    Lot size:
    90.35 Acres

    Property Features for Road 3 NE

    General Information

    Lot size
    90.35 Acres

    We can help!

    Listing Contact
    Brandon Douglass
    Source: Moodyscre

    Listing Agent: Brandon Douglass

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

    Learn more

    Overview

    90+ Acres Buildable Land Parcels

    The property consists of over 90 acres of buildable land, divided into five parcels. Zoned UR2 and located within the UGA zone, the lots present opportunities for single-family, two-family, and multi-family residential development, as well as agricultural farming. Water rights are in the process of being perfected. A well on the property is 180 feet deep and has produced 1600 GPM. City sewer is located 3200 linear feet away. A water tower construction is tentatively scheduled for 2026 in Mae Valley. The property falls within the boundaries of the Moses Lake Irrigation Rehabilitation District and is assessed accordingly, although irrigation water is not currently provided to the site. The seller prefers not to separate the parcels.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.496983
    Latitude
    47.136892

    Nearby Similar for Sale

    • Contact for pricing

      Pioneer Way Office Building

      Well-built office building with covered parking and reliable tenants.
      1240 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $849,999
      3,870 SF

      New Duplexes in Moses Lake

      Two newly built duplexes with an 8-year tax exemption.
      504 S Alder St, Moses Lake, WA 98837
      View Details
    • $779,000

      Elegant Assisted-Living Facility with ADA Compliance

      7-bedroom, 6-bath assisted-living facility designed for accessibility and comfort.
      7613 NE Cox St, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      3,360 SF

      Retail Building on Corner Lot

      3,360 SF retail building on 0.60-acre corner lot.
      1520 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $993,613
      11,800 SF

      Moses Lake Industrial/Retail Showroom

      11,800 SF building on 0.87 acres in Moses Lake, WA.
      610 Broadway Ave, Moses Lake, WA 98837
      View Details
    • $135,000

      Newer Home in Village Park

      Light, bright four-bedroom home near park in Moses Lake.
      900 N Grape Dr, Moses Lake, WA 98837
      View Details
    • $899,000

      Two Commercial Buildings on Broadway

      Two well-maintained commercial buildings on a single parcel.
      717 W Broadway Ave, Moses Lake, WA 98837
      View Details
    • $2,500,000
      11,176 SF

      Highway Frontage Automotive Dealership

      Automotive dealership with highway frontage in Moses Lake, Washington.
      2311 S Maiers Rd, Moses Lake, WA 98837
      View Details
    • $85,500
      1,296 SF

      Move-In Ready Home in Gated Community

      1994 double-wide in Peninsula Estates with energy-efficient features.
      3010 W Peninsula Dr, Moses Lake, WA 98837
      View Details
    • $1,750,000

      Spacious Office Building with Visibility

      Large office space with high visibility and ample parking.
      1350 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $784,000

      Updated Office Building Investment

      Fully updated office building with lease in place.
      830 Sharon Ave, Moses Lake, WA 98837
      View Details
    • $919,900
      11,950 SF

      Downtown Moses Lake Industrial Building

      12,000 SF industrial building on 17,500 SF lot.
      612 3Rd Ave, Moses Lake, WA 98837
      View Details

    FAQs

    What type of property is this?
    Land - 90+ acres of buildable land, development or agricultural farming.
    Where is this land located?
    The property is located at Road 3 NE Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - 90+ acres of buildable land across five parcels.; - Zoned UR2 and in UGA zone, allowing for diverse development options.; - High-yield well producing 1600 GPM.
    (509) 765-3337
    Request Owner's contact information
    Road 3 NE Moses Lake, WA 98837
    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.
    Road 3 NE
    Moses Lake, WA 98837
    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
    Road 3 NE Moses Lake, WA 98837
    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
    Brandon Douglass
    (509) 765-3337
    Learn more
    Google sign-in failed. Please try again or use another login method.