Downtown Mixed-Use
For Sale
$950,000
319 North Sanders Street, Chelan, WA 98816
Property is situated within the Chelan DMU downtown mixed-use designation.
Property Size4,200 SF
Days on Market114
Property Features for 319 North Sanders Street
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail/Office
Zoning
Downtown Mixed Use Zone (Chelan DMU)
Building Details
Building Size
4,200 SF
Year Built
1980
Listing Agency:
Black Commercial, Inc.
Listed By:
Clayton Crockett · License #WA #24003030
(509) 622-3573
Source:
Naiblack
Added: Jun 23
Changed: Oct 11
Last Checked: Oct 12 at 5:24PM
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 Black Commercial, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property was constructed in 1980 and is located at 319 North Sanders Street in Chelan, Washington.
The site falls within the Chelan DMU zoning designation, identified as a downtown mixed-use zone.
The site falls within the Chelan DMU zoning designation, identified as a downtown mixed-use zone.
Key Highlights
- Chelan DMU downtown mixed‑use zoning designation
- 1980 construction year
- 319 North Sanders Street, Chelan, WA 98816
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,243
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,860
$1.1M
Cap Rate 7%
$774,900
$774.9K
Cap Rate 9%
$602,700
$602.7K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$88.2K $21.00/SF
− Vacancy
−$15.9K −$3.78/SF
EGI
$72.3K $17.22/SF
− OpEx
−$18.1K −$4.31/SF
NOI
$54.2K $12.92/SF
Area
Chelan County, WA
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,860
Cap Rate 7%
$774,900
Cap Rate 9%
$602,700
Alternative Uses
Best Use
Office B
$774.9K
$678.0K – $904.1K
NOI $54,243 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$603.5K
$528.1K – $704.1K
NOI $42,248 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 98816, WA
7,067
Population
5,398
Households
1.3
Avg Household Size
47
Median Age
24%
College-Educated
81%
High-School Grad
494.2 sq mi
ZIP Area
14
Density / Sq Mi
$73,807
Median Household Income
$40,565
Median Earnings
$1,332
Median Rent
$450,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Property is situated within the Chelan DMU downtown mixed-use designation.
Where is this mixed-use property located?
The property is located at 319 North Sanders Street Chelan, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Chelan DMU downtown mixed‑use zoning designation; 1980 construction year; 319 North Sanders Street, Chelan, WA 98816
