Morton Commercial Building For
812 Westlake Ave Morton, WA
For Sale
Contact for pricing
3,200 SF commercial building in Morton, Washington.
Property Size3,132 SF
Lot Size0.52 Acres
Price / SF$207.54
Days on Market367
Property Features for 812 Westlake Ave
General Information
Standard status
Active
Size
3,132 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Listing Agency:
Colliers International WA, LLC
(425) 586-5646
Listed By:
Ryan Olson · License #WA 19573
(425) 586-5646
Source:
Moodyscre
Added: Jul 29, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:44AM
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 Colliers International WA, LLC
Investment Insights
Based on property information with market context.
This commercial property, located at 812 Westlake Avenue in Morton, WA, presents a unique opportunity for acquisition. Constructed in 1990, the 3,200 square foot building is situated on a 3,132 square foot lot and is zoned "Commercial," offering potential for various uses, including service providers, restaurants, and multifamily or mixed-use developments. The property can be redeveloped or the existing building can be repurposed. The City of Morton is actively seeking economic growth and revitalization. The property benefits from its proximity to Westlake Avenue, a key thoroughfare, and high visibility from US Hwy 12, enhancing its accessibility.
Key Highlights
- Commercial zoning allows for diverse uses like service, restaurant, or multifamily/mixed‑use.
- Redevelopment or repurposing potential of the existing 3,200 SF building.
- High visibility from US Hwy 12.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $18.96 |
| − Vacancy | −$1.5k | −$0.49 |
| EGI | $57.8k | $18.47 |
| − OpEx | −$17.4k | −$5.54 |
| NOI | $40.5k | $12.93 |
3,132 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$578.4K
$506.1K – $674.8K
NOI $40,487 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.3K
$835.9K – $1.11M
NOI $66,869 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - 3,200 SF commercial building in Morton, Washington.
Where is this retail property located?
The property is located at 812 Westlake Ave Morton, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercial zoning allows for diverse uses like service, restaurant, or multifamily/mixed‑use.; Redevelopment or repurposing potential of the existing 3,200 SF building.; High visibility from US Hwy 12.
