Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1246 Chestnut St Clarkston, WA 99403

    View on Map
    For Sale
    $799,000

    Commercial Property

    Property size:
    4,911 SF
    Lot size:
    2.97 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    44
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1246 Chestnut St

    General Information

    Standard status
    Active
    Property type
    Multifamily properties, Other restaurants, Mixed-use properties, Residential income properties, Restaurants
    Size
    4,911 SF
    Lot size
    2.97 Acres
    Sale Condition
    Redevelopment Project

    We can help!

    Listing Contact
    Kristin Gibson

    Listing agent Kristin

    Listing office

    Listing date Feb 16, 2026

    Overview

    Clarkston Commercial Property with Development Potential

    This commercial property in Clarkston, Washington, presents an investment opportunity with approved plans for a 44-unit apartment complex. The property has undergone city planning and zoning review for the proposed complex. Sewer and utilities have been approved by the city, pending finalization and permit completion, allowing a builder to commence construction. Architectural plans are available for transfer to the new buyer. The existing 4,911 square foot building offers alternative uses, such as a nursery or storage facility. The 2.97-acre lot is fenced and features multiple gates for access from both the north and south sides. Prospective buyers are advised to verify details with city officials.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    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
    Clarkston
    County
    Asotin
    State
    Washington
    Longitude
    -117.038765
    Latitude
    46.4094862

    Nearby Similar for Sale

    • $5,000,000
      14,550 SF

      Clarkston WA Walgreens NNN Investment

      Freestanding Walgreens in Clarkston, WA with long-term absolute NNN lease.
      425 Bridge St, Clarkston, WA 99403
      View Details
    • $5,000,000
      15,256 SF

      Walgreens NNN Investment Opportunity

      Freestanding Walgreens in Clarkston, WA with long-term lease.
      425 Bridge St, Clarkston, WA 99403
      View Details
    • $1,150,000
      7,900 SF

      Clarkson Commercial Property with Equipment

      Commercial building with land, equipment, and ample parking.
      517 & 519 Diagonal St, Clarkson, WA 99403
      View Details
    • $1,150,000
      7,900 SF

      Commercial Building with Shop and Equipment

      Commercial property with shop, equipment, and parking in prime location.
      517 & 519 Diagonal Street, Clarkston, WA 99403
      View Details
    • $499,000
      7,957 SF

      Clarkston Multifamily Investment Opportunity

      Five houses on 2.25 acres in Clarkston, Washington.
      1422-1430 16th Ave, Clarkston, WA 99403
      View Details
    • Sponsored
      $925,000
      11,368 SF

      Formerly Funke's Custom Cabinet's

      11,368 SF warehouse on 2.28 acres, suitable for various uses.
      1482 16Th Ave, Clarkston, WA 99403
      View Details
    • $965,000

      Clarkston Multifamily Investment Opportunity

      Mobile home park with single-family home and RV spaces.
      1650 13th Street, Clarkston, WA 99403
      View Details
    • $369,700
      1,004 SF

      Updated Duplex in Clarkston, WA

      Two updated homes on one lot, ideal for investors.
      517 12th St, Clarkston, WA 99403
      View Details
    • $335,000
      1,319 SF

      Clarkston Multifamily Property For Sale

      Two homes on one parcel in downtown Clarkston, Washington.
      713-715 4th Street, Clarkston, WA 99403
      View Details
    • $695,000
      2,340 SF

      Clarkston Multifamily Property For Sale

      Five-unit property with updates and growth potential in Clarkston, WA.
      820, 822, 824 2nd St, Clarkston, WA 99403
      View Details
    • $685,000
      3,819 SF

      Hacienda Motel Investment Opportunity

      Motel with 13 rooms, potential for transitional housing.
      812 Bridge, Clarkston, WA 99403
      View Details
    • $670,000
      2,200 SF

      Clarkston Office Investment Opportunity

      Office property for sale in Clarkston, Washington.
      518 Diagonal St, Clarkston, WA 99403
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Commercial Property
    Where is this multifamily property located?
    The property is located at 1246 Chestnut St Clarkston, WA.
    What is the asking price?
    The asking price for this property is $799,000.
    (208) 791-2740
    We can help!
    Listing Contact
    Kristin Gibson
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!