Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rimrock Meadows Cul-de-Sac Lot Title is generated by Realmo AI

    1000 Pardee Place, Ephrata, WA 98823

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Peaceful lot with mountain views and community amenities.

    Type:Land
    Added:
    Mar 22, 2024
    Days on Market:
    801
    Last Refresh:
    Mar 13 at 8:26 am

    Property Features for 1000 Pardee Place

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Micah Koelmeyer

    Listing agent Micah Koelmeyer License #21027871

    Listing office Compass

    Listing date Mar 22, 2024

    Source Compass

    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 Compass

    HighLights

    • Stunning, panoramic mountain views.
    • Located in a quiet cul‑de‑sac for privacy and tranquility.
    • Access to community amenities: clubhouse, pool, and RV hookups.
    • Ideal for outdoor activities and enjoying nature.
    • Peaceful retreat for relaxation.
    • Gravel road surface.

    Overview

    This property is a lot located in a quiet cul-de-sac within the Rimrock Meadows community. It offers panoramic mountain views and is suited for those seeking privacy and tranquility. The location provides access to outdoor activities. Community amenities include a clubhouse, a pool, and RV hookups.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Ephrata
    County
    Grant
    State
    Washington
    Longitude
    -119.7163086
    Latitude
    47.4967951

    Nearby Similar for Sale

    • $2,100,000

      Ephrata USDA Service Center

      9,653 SF building on 9.41 acres, remodeled in 2024.
      2145 Basin St SW, Ephrata, WA
      View Details
    • $899,000
      14,000 SF

      Ephrata Industrial Building For Sale

      14000+/- Sq Ft industrial building with versatile potential.
      631 Basin Street, Ephrata, WA 98823
      View Details
    • $295,000
      3,440 SF

      Ephrata Self-Storage Investment Opportunity

      High-demand, 100% occupied self-storage facility with value-add potential.
      328 Alder St SW, Ephrata, WA 98823
      View Details
    • $6,850,000
      101,424 SF

      Self-Storage Portfolio in Grant County

      Three self-storage properties with expansion upside in Washington's Columbia Basin.
      434 A St NE, Ephrata, WA 98823
      View Details
    • $9,500,000

      Ephrata Best Western Rama Inn

      70-key hotel in growing market near data centers.
      1818 Basin St SW, Ephrata, WA 98823
      View Details
    • $300,000

      15 Acres of Level Land

      Pristine 15-acre parcel in a serene country setting.
      9312 Rd H Northwest, Ephrata, WA 98823
      View Details
    • $6,995,000

      162.3 Acres Near Ephrata Airport

      162.3-acre parcel suitable for light industrial development.
      0 Hwy 282, Ephrata, WA
      View Details
    • $1,600,000
      36,590 SF

      Established Restaurant with Coffee Shop

      Turnkey restaurant with coffee shop, drive-through, and ample parking.
      805 Basin Street NW, Ephrata, WA 98823
      View Details
    • $10,000

      Rimrock Meadows Acreage for Sale

      1.17 acre lot in Rimrock Meadows HOA community.
      2925 Alta Place, Ephrata, WA, 98823
      View Details
    • $65,000

      Open Level 20 Acres Lot

      20-acre lot ideal for a new home near Ephrata.
      9999 NE 16 Road, Ephrata, WA 98851
      View Details
    • $95,000

      Corner Lot on Nat Washington

      Almost 1 acre industrial land with high exposure.
      285 A St Se, Ephrata, WA, 98823-1972
      View Details
    • $15,000

      Rare Acre Lot Near Amenities

      Off-grid lot near recreation with community clubhouse and amenities.
      0 Pardee Pl, Ephrata, WA, 98823-9202
      View Details

    FAQs

    What type of property is this?
    Land - Peaceful lot with mountain views and community amenities.
    Where is this land located?
    The property is located at 1000 Pardee Place Ephrata, WA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Stunning, panoramic mountain views.; Located in a quiet cul‑de‑sac for privacy and tranquility.; Access to community amenities: clubhouse, pool, and RV hookups.
    (425) 588-9087
    We can help!
    Listing Contact
    Micah Koelmeyer
    Real Estate License ID: 21027871
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1000 Pardee Place, Ephrata, WA 98823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!