Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront 9-Plex Multifamily Property Title is generated by Realmo AI

    510 N Fig St, Moses Lake, WA 98837

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Lakefront 9-plex with waterfront, wells, and updated units.

    Type:Multifamily
    Property size:
    4,980 SF
    Price / SF:
    $251/SF
    Added:
    Mar 5, 2026
    Days on Market:
    68
    Last Refresh:
    Mar 16 at 2:17 pm

    Property Features for 510 N Fig St

    General Information

    Standard status
    Active
    Size
    4,980 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Blake Rollins

    Listing agent Blake Rollins License #23009291

    Listing office Nest Realty Company

    Listing date Mar 5, 2026

    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 Nest Realty Company

    HighLights

    • Lakefront property with significant waterfront
    • Nine‑unit building (9plex)
    • Two private wells provide water
    • Large maintenance outbuilding
    • High‑speed internet access available
    • Features a bulkhead

    Overview

    This lakefront property features a 9-plex multifamily building. Exterior attributes include a bulkhead and ample waterfront access. The property is serviced by two private wells. A large maintenance outbuilding is present, along with a hidden gazebo. Interior features include high-speed internet and appliances. Some units have been updated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.2732467
    Latitude
    47.1365566

    Nearby Similar for Sale

    • $625,000
      1,950 SF

      Multi-Use Office Building Warehouse

      Office building with warehouse space in Moses Lake, Washington.
      708 E Penn St, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      3,360 SF

      Moses Lake Retail Strip Building

      Unanchored retail building on a high-traffic corner lot.
      1520 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $625,000
      1,950 SF

      Multi-Use Office Building Warehouse

      Multi-use office building with warehouse space for sale.
      708 Penn Street, Moses Lake, WA 98837
      View Details
    • $650,000
      7,000 SF

      Commercial Building in High-Traffic Area

      7,000 sq ft commercial building on 44,867 sq ft lot.
      440 S Melva Lane, Moses Lake, WA
      View Details
    • $2,500,000
      11,176 SF

      Highway Frontage Automotive Dealership

      Automotive dealership with highway frontage in Moses Lake, Washington.
      2311 S Maiers Rd, Moses Lake, WA 98837
      View Details
    • $725,000
      2,143 SF

      Adaptable Office Building with Basement

      Office building with high ceilings, basement, and multi-tenant potential.
      1336 E Hunter Place, Moses Lake, WA 98837
      View Details
    • $310,000
      800 SF

      Commercial Building in Central Moses Lake

      Centrally-located commercial building with flexible zoning and numerous possibilities.
      956 S Division, Moses Lake, WA 98837
      View Details
    • $1,200,000
      16,540 SF

      Professional Office Building For Sale

      High-visibility office building with flexible leasing options.
      660 S Coolidge Street, Moses Lake, WA 98837
      View Details
    • $825,000
      3,870 SF

      New Duplexes in Moses Lake

      Two newly built duplexes with an 8-year tax exemption.
      504 S Alder Street, Moses Lake, WA 98837
      View Details
    • Contact for pricing

      Pioneer Way Office Building

      Well-built office building with covered parking and reliable tenants.
      1240 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $950,000

      Spacious Warehouse with Additional Lots

      8,132 sqft warehouse with office and potential development lots.
      3057 NE Bell Road, Moses Lake, WA 98837
      View Details
    • $919,900
      11,950 SF

      Downtown Moses Lake Industrial Building

      12,000 SF industrial building on 17,500 SF lot.
      612 3rd Ave, Moses Lake, WA 98837
      View Details

    FAQs

    What type of property is this?
    Apartment building - Lakefront 9-plex with waterfront, wells, and updated units.
    Where is this apartment building located?
    The property is located at 510 N Fig St Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Lakefront property with significant waterfront; Nine‑unit building (9plex); Two private wells provide water
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Blake Rollins
    Real Estate License ID: 23009291
    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
    510 N Fig St, Moses Lake, WA 98837
    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!