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    511 Valley Mall Pkwy East Wenatchee, WA 98802

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    For Lease
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    Retail spaces available in regional shopping destination.

    Type:RETAIL
    Property size:
    4,137 SF
    Lot size:
    28.68 Acres
    Added:
    May 17, 2022
    Days on Market:
    1443
    Last Refresh:
    Apr 5 at 8:17 pm

    Property Features for 511 Valley Mall Pkwy

    General Information

    Standard status
    Active
    Size
    4,137 SF
    Lot size
    28.68 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 511 Valley Mall Pkwy Contact us

    We can help!

    Listing Contact
    Andrew Babcock
    Andrew Babcock

    Listing agent Andrew Babcock

    Listing office Pacific Commercial Brokers

    Listing date May 17, 2022

    Source Moodyscre

    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 Pacific Commercial Brokers

    Overview

    Regional Mall Retail Spaces Available

    Wenatchee Valley Mall is a regional shopping destination serving over 100,000 residents in north/central Washington. As the only regional mall in the area, it attracts customers from Douglas, Chelan, Okanogan, and Grant Counties, with the next closest shopping center approximately 120 miles away. Several units are available, ranging in size. Unit A2 offers 2,785 square feet, Unit B10 provides 2,028 square feet, Unit C3 features 4,137 square feet, and Unit M3 encompasses 21,000 square feet. The trade area within a 20-mile radius has a population of 115,316, an average household income of $73,509, and a median age of 38.3 across 35,163 households. The population within 50 miles is 209,040.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.29
    Latitude
    47.4126

    Nearby Similar for Lease

    • $20 SF/Yr

      Retail Space in East Wenatchee

      Neighborhood center with high visibility and ample parking.
      595 Grant Rd, East Wenatchee, WA
      View Details
    • $18 SF/Yr

      East Wenatchee Office Suite For Rent

      Office suite with river views, restroom, and kitchenette available for rent.
      636 Valley Mall Parkway, East Wenatchee, WA
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    • $12 SF/Yr

      Quonset Hut Style Warehouse Buildings

      Two warehouse buildings with yard area available for lease.
      24 N Venture Rd, East Wenatchee, WA
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    • $29 SF/Yr

      East Wenatchee Drive-Thru Restaurant

      Free-standing, operational fast food drive-thru on high-traffic Grant Road.
      300 Grant Rd, East Wenatchee, WA
      View Details
    • Contact for pricing

      East Wenatchee Office Space Available

      Open plan office with river and mountain views for rent.
      636 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • $18 SF/Yr

      Retail Space in East Wenatchee

      Retail space available for lease in high-traffic area.
      201 Valley Mall Pkwy, East Wenatchee, WA
      View Details
    • $18 SF/Yr

      East Wenatchee Office Space Available

      Office space available for rent in East Wenatchee.
      201 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • Contact for pricing

      Regional Mall Retail Spaces Available

      Retail spaces available in regional shopping destination.
      511 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Multiple retail spaces available, ranging from 251 to 21,000 SqFt.
      511 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details

    FAQs

    What type of property is this?
    Shopping mall - Retail spaces available in regional shopping destination.
    Where is this shopping mall located?
    The property is located at 511 Valley Mall Pkwy East Wenatchee, WA.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Only regional mall serving a large area of north/central Washington with over 100,000 residents.; Caters to a wide geographic area including Douglas, Chelan, Okanogan, and Grant Counties due to limited competition.; Multiple units available, ranging in size from 2,028 SF to 21,000 SF.
    (425) 531-4109 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Babcock
    Andrew Babcock
    Learn More
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    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
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