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    19843 Old Highway 99 Rochester, WA 98579

    Sponsored
    For Lease
    $1.80 SF/Yr

    Prime I-5 Corridor Land Lease, 0.5-12.83 Acres

    Lot size:
    558,874 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12.83-acre commercial land parcel in Rochester, WA, presents a unique investment opportunity. Located at 19843 Old Hwy 99 SW, 98579, this property boasts a highly desirable location along the I-5 corridor between Portland and Seattle, experiencing rapid growth. The site is zoned AC - Arterial Commercial, offering flexibility for a wide range of commercial developments. The property's Assessed Parcel Numbers (APN) are 55702900000, 55702800100, and 55702800000, within Thurston County. This is a single-tenant property, currently available for ground lease. The landowner is open to leasing portions of the land, ranging from 0.5 acres to the full 12.83 acres, providing scalability for various project sizes. This represents a rare chance to establish a presence in a thriving retail area. The property's strategic location and flexible zoning make it an ideal site for businesses seeking high visibility and accessibility. This is a long-term ground lease opportunity, perfect for developers looking to bring much-needed commercial space to this rapidly expanding market. The property's latitude and longitude coordinates are 46.7998211 and -123.0123463 respectively. This is a first-time offering in many years, presenting a compelling investment prospect.

    Property Features for 19843 Old Highway 99

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    558,874 SF

    Unit(s) available at that property

    Space
    Size
    558,874 SF
    Rate per SF
    $1.80

    HighLights

    • 12.83‑acre commercial land parcel in Rochester, WA, ideal for ground lease.
    • Located at 19843 Old Hwy 99 SW, 98579, in Thurston County, along the I‑5 corridor between Portland and Seattle.
    • Zoned AC - Arterial Commercial, allowing for diverse commercial development.
    • APN: 55702900000, 55702800100, and 55702800000.
    • Landowner will consider leasing portions from 0.5 acres to the full 12.83 acres.
    • High‑visibility location in a rapidly growing retail area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Thurston
    State
    Washington
    Longitude
    -123.0123463
    Latitude
    46.7998211

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - Prime I-5 Corridor Land Lease, 0.5-12.83 Acres
    Where is this land located?
    The property is located at 19843 Old Highway 99 Rochester, WA.
    What is the lease rate?
    The lease rate is $1.80 SF/Yr.
    What are key features of this property?
    This property features: 12.83-acre commercial land parcel in Rochester, WA, ideal for ground lease.; Located at 19843 Old Hwy 99 SW, 98579, in Thurston County, along the I-5 corridor between Portland and Seattle.; Zoned AC - Arterial Commercial, allowing for diverse commercial development.
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    19843 Old Highway 99 Rochester, WA 98579
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    Rochester, WA 98579
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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
    19843 Old Highway 99 Rochester, WA 98579
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