1215 Meade Ave Prosser, WA 99350
COMMERCIAL - Prosser, WA
Property Features for 1215 Meade Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMCL GENERAL
- Window features
- Vinyl Frames, Single Pane Window(s), Double Pane Windows
- Interior features
- Appliances Included
- Standard status
- Active
- APN
- 10184302008400D
- Size
- 6,201 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3554
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Wall Unit(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1947
- Flooring type
- Tile, Concrete, Vinyl
- Building materials
- T1-11, Wood Siding
- Roof type
- Rolled Hot Mop
Listing agent Justin Maltos (206) 356-6982
Listing office Realty One Group Ignite 10121 W Clearwater Ave Ste 102, Kennewick, WA (509) 581-1911
Listing date Oct 10, 2025
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Mead Avenue is described as the city’s main street and hub of activity, providing the building with downtown frontage in historic Prosser. The property is supported by recent upgrades, including a newer roof, updated electrical systems, and modern air conditioning.
With a flexible floor plan and COMMCL GENERAL zoning, the mix of storefront, office, wellness, and rental components is designed to support a range of uses within the same building footprint.
Key Highlights
- Nearly 7,000 sq ft commercial building in historic downtown Prosser on Mead Avenue (city’s main street)
- Two high‑visibility retail storefronts plus versatile, income‑producing spaces with flexible floor plan
- Upstairs yoga studio with private entrance from Mead Avenue
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.6k | $18.00 |
| − Vacancy | −$7.4k | −$1.19 |
| EGI | $104.3k | $16.81 |
| − OpEx | −$31.3k | −$5.04 |
| NOI | $73.0k | $11.77 |
