Highway Frontage Automotive
For Sale
$2,500,000
2311 S Maiers Rd, Moses Lake, WA 98837
Automotive dealership with highway frontage in Moses Lake, Washington.
Property Size11,176 SF
Price / SF$223.69
Days on Market269
Property Features for 2311 S Maiers Rd
General Information
Standard status
Active
Size
11,176 SF
Property subtype
Retail
Building Details
Building Size
11,176 SF
Year Built
2007
Listing Agency:
SVN Retter & Company
(509) 430-8986
Listed By:
Scott Sautell · License #WA #109003
(509) 430-8986
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 16
Last Checked: Aug 17 at 5:24AM
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 SVN Retter & Company
Investment Insights
Based on property information with market context.
This automotive dealership is located off Highway 17 as you enter Moses Lake, Washington. The property features approximately 300 feet of highway frontage and excellent visibility from both directions. Constructed in 2007, the 11,176 square foot building sits on 1.79 acres. The sales showroom encompasses 5,856 square feet, while the parts and service area occupies 5,320 square feet. The area is comprised of mostly national retail stores and hotels. The property is in excellent condition and could be converted to a different use.
Key Highlights
- Highway 17 frontage with 300 feet of visibility
- 11,176 sq ft building** suitable for automotive or other uses
- Built in 2007 and in excellent condition
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$101,389
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,027,780
$2.0M
Cap Rate 7%
$1,448,414
$1.4M
Cap Rate 9%
$1,126,544
$1.1M
Market Conditions
NOI Build-Up for 11,176 SF
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.
Gross rent
$160.9K $14.40/SF
− Vacancy
−$16.1K −$1.44/SF
EGI
$144.8K $12.96/SF
− OpEx
−$43.5K −$3.89/SF
NOI
$101.4K $9.07/SF
Area
Grant County, WA
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,027,780
Cap Rate 7%
$1,448,414
Cap Rate 9%
$1,126,544
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,389 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$940.5K
$822.9K – $1.10M
NOI $65,832 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,947 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
187k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Home Improvements & Furnishings 13%
Shops & Services 9%
Hotels & Casinos 4%
McDonald's
Dining
31,521 visits/mo
0.2 miles
Starbucks
Dining
24,965 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
23,828 visits/mo
0.4 miles
Wendy's
Dining
18,276 visits/mo
0.2 miles
Taco Bell
Dining
12,390 visits/mo
0.1 miles
Demographics for 98837, WA
46,262
Population
18,651
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
486.2 sq mi
ZIP Area
95
Density / Sq Mi
$70,732
Median Household Income
$44,214
Median Earnings
$1,128
Median Rent
$290,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive dealership with highway frontage in Moses Lake, Washington.
Where is this automotive property located?
The property is located at 2311 S Maiers Rd Moses Lake, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Highway 17 frontage with **300 feet of visibility**; 11,176 sq ft building** suitable for automotive or other uses; Built in 2007 and in excellent condition
