Class A Multi-Tenant Office
1240 South Pioneer Way Moses Lake, WA 98837
For Sale
Contact for pricing
A Class office building with ADA access, elevator service, and multiple suites, offering an owner-occupant path.
Property Size15,637 SF
Lot Size0.57 Acres
Price / SF$187.06
Days on Market57
Property Features for 1240 South Pioneer Way
General Information
- Standard status
- Active
- Size
- 15,637 SF
- Lot size
- 0.57 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing Agency:
Kiemle Hagood
Listed By:
Gunnar Knutson · License #25034921
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 22 at 1:07PM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This Class A office building totals 15,637 rentable square feet and is designed for full ADA accessibility, with elevator service to all floors. The property includes heated sidewalks and pylon signage, and sits on 24,829 square feet of land zoned C-2. Parking for 32 vehicles is available, including 11 covered stalls. The building operates as a multi-tenant property with two income-producing suites totaling 2,179 rentable square feet and a larger anchor suite that brings total rentable space to 13,684 square feet, supported by 1,953 square feet of common area.
The building is positioned along high-visibility Pioneer Way, supporting strong visibility for business operations. The seller notes an owner-occupant opportunity, with the primary tenant scheduled to vacate by July 2027, and early vacation possible.
For an owner-occupant or buyer looking to control their occupancy timeline, the scheduled move-out creates a practical path to occupy a majority of the building. The current multi-suite configuration also provides flexibility for buyers seeking on-site operations alongside additional rentable space. Seller financing is available; call agents for details.
The building is positioned along high-visibility Pioneer Way, supporting strong visibility for business operations. The seller notes an owner-occupant opportunity, with the primary tenant scheduled to vacate by July 2027, and early vacation possible.
For an owner-occupant or buyer looking to control their occupancy timeline, the scheduled move-out creates a practical path to occupy a majority of the building. The current multi-suite configuration also provides flexibility for buyers seeking on-site operations alongside additional rentable space. Seller financing is available; call agents for details.
Key Highlights
- 15,637 SF A‑Class office building on 24,829 SF C‑2 zoned land along Pioneer Way with pylon signage
- Two income‑producing suites: 833 SF and 1,346 SF
- Anchor suite totals 13,457 SF with 13,684 SF of total rentable space plus 1,953 SF common area
Financial Insights For Office B
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 | $262.7k | $16.80 |
| − Vacancy | −$39.4k | −$2.52 |
| EGI | $223.3k | $14.28 |
| − OpEx | −$55.8k | −$3.57 |
| NOI | $167.5k | $10.71 |
15,637 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,472 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,782 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - A Class office building with ADA access, elevator service, and multiple suites, offering an owner-occupant path.
Where is this office building located?
The property is located at 1240 South Pioneer Way Moses Lake, WA.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: 15,637 SF A‑Class office building on 24,829 SF C‑2 zoned land along Pioneer Way with pylon signage; Two income‑producing suites: 833 SF and 1,346 SF; Anchor suite totals 13,457 SF with 13,684 SF of total rentable space plus 1,953 SF common area
