Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    412 S 9th Ave, Walla Walla, WA 99362

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Showrooms

    Type:Retail, Office
    Property size:
    6,565 SF
    Added:
    Jun 26, 2024
    Days on Market:
    705
    Last Refresh:
    May 12 at 11:33 pm

    Property Features for 412 S 9th Ave

    General Information

    Standard status
    Active
    Size
    6,565 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1996

    Spaces For Lease

    at 412 S 9th Ave Contact us

    $15/Mo

    Size
    6,565 SF
    Type
    Retail, Office
    Contact us

    We can help!

    Listing Contact
    Michael Fredrickson

    Listing agent Michael Fredrickson License #WA - 21009558

    Listing office Associated Appraisers of Walla Walla, LLC

    Listing date Jun 26, 2024

    Source Crexi

    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 Associated Appraisers of Walla Walla, LLC

    HighLights

    • High‑visibility location on S. 9th Avenue (Hwy 125) with 18,000 average annual daily traffic count.
    • Large 6,565 square foot building suitable for various business needs.
    • Located in the heart of the 9th Ave business corridor, surrounded by fast‑food restaurants and retail.
    • Includes a large showroom, 2 showroom offices, 1 back office, 2 ADA compliant restrooms, and a storage room.
    • Pylon sign available for tenant's marketing.
    • Owner is open to owner/tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Showrooms

    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.

    Similar Places Nearby

    • Ewert Coverings Inc — 314 N 2nd Ave, Walla Walla, WA 99362

    Location Insight

    • Map
    • Local Demand
    City
    Walla Walla
    County
    Walla Walla
    State
    Washington
    Longitude
    -118.3464786
    Latitude
    46.0591175

    Nearby Similar for Lease

    • Contact for pricing
      38,000 SF

      Retail Pads in Prime Location

      Versatile retail spaces with high visibility and accessibility.
      1631 W Rose St, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      38,000 SF

      Walla Walla Retail Pads Available

      Versatile retail spaces with high visibility and accessibility near wineries.
      1631 W Rose St, Walla Walla, WA 99362
      View Details
    • $14 SF/Yr
      2,842 SF

      Retail Space with Private Rooms

      Former tanning salon space with reception area available for rent.
      460-520 N Wilbur Ave, Walla Walla, WA
      View Details
    • Contact for pricing
      46,000 SF

      Eastgate Marketplace Retail Space

      46,000 SF retail space in established shopping center.
      598 N Wilbur Ave, Walla Walla, WA 99362
      View Details
    • $12 SF/Yr
      15,314 SF

      Retail Space Available For Rent

      Retail space with open layout and convenient highway access.
      481 N Wilbur Ave, Walla Walla, WA
      View Details
    • Contact for pricing
      16,724 SF

      Former Retail Space with Drive-Through

      Former Rite Aid with drive-through, fixtures, and garden center.
      2028 E Isaacs Ave, Walla Walla, WA
      View Details
    • $14 SF/Yr
      1,896 SF

      Turn-key Dental Office For Rent

      Turn-key dental office with ample parking and great signage.
      1600-1648 Plaza Way, Walla Walla, WA
      View Details
    • Contact for pricing
      38,000 SF

      Retail Pads in Prime Location

      Retail pads available with high visibility and ample parking.
      1600 W Rose St, Walla Walla, WA
      View Details
    • Contact for pricing
      1,676 SF

      Retail Pads in Prime Location

      Retail pads available with high visibility and ample parking.
      1658 W Poplar St, Walla Walla, WA
      View Details
    • Contact for pricing
      6,500 SF

      Retail Pads in Prime Location

      Retail pads available with high visibility and ample parking.
      1622-1630 W Poplar St, Walla Walla, WA
      View Details
    • $14 SF/Yr

      Albertsons Anchored Retail Space

      Retail space for rent in Albertsons anchored shopping center.
      460 N Wilbur Ave, Walla Walla, WA 99362
      View Details

    FAQs

    Where is this showroom located?
    The property is located at 412 S 9th Ave Walla Walla, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on S. 9th Avenue (Hwy 125) with 18,000 average annual daily traffic count.; Large 6,565 square foot building suitable for various business needs.; Located in the heart of the 9th Ave business corridor, surrounded by fast‑food restaurants and retail.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Fredrickson
    Real Estate License ID: WA - 21009558
    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
    412 S 9th Ave, Walla Walla, WA 99362
    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!