Retail Building in Aberdeen,
For Sale
Contact for pricing
1213 E Wishkah St, Aberdeen, WA 98520
Single-tenant retail building leased to Tractor Supply Company.
Property Size36,573 SF
Lot Size1.27 Acres
Price / SF$166.05
Days on Market139
Property Features for 1213 E Wishkah St
General Information
Standard status
Active
Size
36,573 SF
Class
A
Lot size
1.27 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Building Details
Year Built
1994
Year Renovated
2016
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Andrew Bogardus · License #CA 00913825
Source:
Crexi
Added: Mar 26
Changed: Aug 7
Last Checked: Aug 11 at 4:34PM
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 Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
This is a 36,573 square foot single-story retail building in Aberdeen, Washington, leased to Tractor Supply Company. Situated on a 1.27 acre lot, the concrete block building was originally built in 1994 and remodeled in 2016. The property features a fenced outdoor display area and on-site parking. Located in the Olympic Gateway Plaza, the property is near Walmart Supercenter, Marshalls, Ross, Staples, McDonald’s, Big 5, Safeway, Goodwill, and Subway. Aberdeen functions as the financial hub of the Grays Harbor region and is dependent on the timber, fishing industries, and tourism. Aberdeen and Hoquiam provide a gateway to the Pacific Coast and the Olympic National Park. The property is the only Tractor Supply store within 47 miles of Aberdeen.
Key Highlights
- Leased to Tractor Supply Company, a national credit tenant.
- Only Tractor Supply store within a 47‑mile radius.
- Located in the Olympic Gateway Plaza with major retailers like Walmart, Marshalls, and Ross.
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
$441,465
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
7.27%
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%
$8,829,300
$8.8M
Cap Rate 7%
$6,306,643
$6.3M
Cap Rate 9%
$4,905,167
$4.9M
Market Conditions
NOI Build-Up for 36,573 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
$658.3K $18.00/SF
− Vacancy
−$27.6K −$0.76/SF
EGI
$630.7K $17.24/SF
− OpEx
−$189.2K −$5.17/SF
NOI
$441.5K $12.07/SF
Area
Grays Harbor County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$8,829,300
Cap Rate 7%
$6,306,643
Cap Rate 9%
$4,905,167
Alternative Uses
Best Use
Retail
$6.31M
$5.52M – $7.36M
NOI $441,465 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.08M
$8.82M – $11.76M
NOI $705,713 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
364k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Superstores 23%
Apparel 19%
Home Improvements & Furnishings 8%
Walmart
Superstores
84,382 visits/mo
0.2 miles
McDonald's
Dining
29,075 visits/mo
0.1 miles
Marshalls
Apparel
28,610 visits/mo
0.0 miles
Taco Bell
Dining
23,116 visits/mo
0.1 miles
Ross Dress for Less
Apparel
22,936 visits/mo
0.1 miles
Demographics for 98520, WA
24,086
Population
9,333
Households
2.6
Avg Household Size
41
Median Age
14%
College-Educated
89%
High-School Grad
217.5 sq mi
ZIP Area
111
Density / Sq Mi
$59,744
Median Household Income
$34,591
Median Earnings
$1,034
Median Rent
$237,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Peaches Flowers & Gifts — 621 E Market St, Aberdeen, WA 98520
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant retail building leased to Tractor Supply Company.
Where is this storefront property located?
The property is located at 1213 E Wishkah St Aberdeen, WA.
What is the asking price?
The asking price for this property is $6,073,000.
What are key features of this property?
This property features: Leased to Tractor Supply Company, a national credit tenant.; Only Tractor Supply store within a 47‑mile radius.; Located in the Olympic Gateway Plaza with major retailers like Walmart, Marshalls, and Ross.
