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    1104 Yelm Ave Yelm, WA 98597

    For Sale
    $1,500,000

    1.08-acre lot, Safeway-anchored

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.08-acre commercial lot in Yelm, WA, presents a unique investment opportunity. Shadow-anchored by a Safeway, this development-ready site boasts a prime location at the corner of Yelm Avenue and NE Plaza Drive, enjoying high visibility to over 18,000 vehicles daily. The property is zoned Commercial (C-1) and offers flexible usage potential. All off-site utilities and infrastructure are in place, expediting the development process. The site benefits from its proximity to numerous national retailers, including Rite Aid, Grocery Outlet, AutoZone, Dollar Tree, Taco Bell, Jack in the Box, Burger King, and Subway. This location offers ample parking and multiple access points. The surrounding area demonstrates strong demographics, with an average household income exceeding $100,000 annually within a 5-mile radius and a median home value under $400,000. This combination of high income and lower cost of living creates significant discretionary spending potential. The asking price is $1,500,000, translating to $32 per square foot. The property is offered as a fee simple ownership. This is an exceptional opportunity to capitalize on the growth of Yelm, WA, in a tax-free state.

    Property Features for 1104 Yelm Ave

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • Safeway shadow‑anchored pad site.
    • 1.08‑acre commercial lot.
    • C‑1 zoning allows for flexible use.
    • Development‑ready site with all utilities in place.
    • High‑visibility corner location on Yelm Ave & NE Plaza Drive, with over 18,000 vehicles daily.
    • Surrounded by national retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taco and Burrito Bus ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Yelm
    County
    Thurston
    State
    Washington
    Longitude
    -122.5932465577
    Latitude
    46.93469560894

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    FAQs

    What type of property is this?
    Land - 1.08-acre lot, Safeway-anchored
    Where is this land located?
    The property is located at 1104 Yelm Ave Yelm, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Safeway shadow-anchored pad site.; 1.08-acre commercial lot.; C-1 zoning allows for flexible use.
    Request Owner's contact information
    1104 Yelm Ave Yelm, WA 98597
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    Yelm, WA 98597
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    Realmo Value Estimation

    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.

    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.

    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
    1104 Yelm Ave Yelm, WA 98597
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