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    East Wenatchee Office Space Available Title is generated by Realmo AI

    636 Valley Mall Pkwy, East Wenatchee, WA 98802

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    Open plan office with river and mountain views for rent.

    Type:Retail, Office
    Added:
    Sep 20, 2024
    Days on Market:
    622
    Last Refresh:
    May 12 at 10:15 pm

    Property Features for 636 Valley Mall Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1990

    Spaces For Lease

    at 636 Valley Mall Pkwy Contact us

    Suite 209 $19/Mo

    Size
    615 SF
    Type
    Office
    $19.00 Annual/SFNNNnExpenses $6.15 (NNN)nAvailable NownGreat little office suitewith...
    show more
    Contact us

    Floor 1, Suite A2 $20/Mo

    Size
    1,000 SF
    Type
    Office
    NNN Expenses $6
    Contact us

    Floor 2nd, Suite 204 $16/Mo

    Size
    1,021 SF
    Type
    Office
    NNN Expenses $6.00n2nd Flr. (elevator)nLoads of parkingnDowntown East WenatcheenCentral...
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    Contact us

    Suite 203 $16/Mo

    Size
    922 SF
    Type
    Office
    $16.00 Annual/SFnAvailable NownMonthly Rate $1,229nExpenses $6.00 (NNN)
    Contact us

    We can help!

    Listing Contact
    Chaun Birks

    Listing agent Chaun Birks License #WA 2653

    Listing office Center Investments, Inc.

    Listing date Sep 20, 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 Center Investments, Inc.

    HighLights

    • Open plan office space.
    • Window wall with views of the Columbia River, Mission Ridge, foothills, and Saddle Rock.
    • One private office.
    • Built in 1990.

    Overview

    This commercial real estate offers an open plan office space featuring one private office. The space includes a window wall that provides views of the Columbia River, Mission Ridge, the foothills, and Saddle Rock.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    East Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.2932287
    Latitude
    47.4134829

    Nearby Similar for Lease

    • $18 SF/Yr
      615 SF

      East Wenatchee Office Suite For Rent

      Office suite with river views, restroom, and kitchenette available for rent.
      636 Valley Mall Parkway, East Wenatchee, WA
      View Details
    • $12 SF/Yr
      4,100 SF

      Quonset Hut Style Warehouse Buildings

      Two warehouse buildings with yard area available for lease.
      24 N Venture Rd, East Wenatchee, WA
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    • $18 SF/Yr
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      Retail Space in East Wenatchee

      Retail space available for lease in high-traffic area.
      201 Valley Mall Pkwy, East Wenatchee, WA
      View Details
    • $18 SF/Yr
      1,606 SF

      East Wenatchee Office Space Available

      Office space available for rent in East Wenatchee.
      201 Valley Mall Pkwy, East Wenatchee, WA 98802
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    • $50 SF/Yr
      4,137 SF

      Regional Mall Retail Spaces Available

      Retail spaces available in regional shopping destination.
      511 Valley Mall Pkwy, East Wenatchee, WA
      View Details
    • Contact for pricing
      21,000 SF

      Retail Spaces Available For Rent

      Multiple retail spaces available, ranging from 251 to 21,000 SqFt.
      511 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details

    FAQs

    What type of property is this?
    Office units - Open plan office with river and mountain views for rent.
    Where is this office units located?
    The property is located at 636 Valley Mall Pkwy East Wenatchee, WA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Open plan office space.; **Window wall with views of the Columbia River, Mission Ridge, foothills, and Saddle Rock.**; One private office.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chaun Birks
    Real Estate License ID: WA 2653
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    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
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