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    Property profile & analytics

    224 Burns St Walla Walla, WA 99362

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1860820
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 224 Burns St

    Property type
    Commercial real estate

    Description

    This exceptional 10,000 square foot lot, located at 224 Burns St in Walla Walla, Washington, presents a unique investment opportunity. Priced at $134,900, this property offers endless possibilities for both commercial and residential development. The expansive lot size provides ample space for a variety of uses, making it ideal for entrepreneurs and investors alike. Its zoning allows for both commercial and residential applications, opening doors to diverse projects. Imagine the potential for a small business, storage facility, or even a unique residential development. The property's strategic location in Walla Walla, WA, 99362 (46.075982, -118.342342) offers convenient access to local amenities and transportation routes. This versatile land parcel comprises two separate parcels, identified as 360720742149 and 360720742150, providing flexibility in development plans. Whether you envision a thriving commercial enterprise or a creative residential project, this property provides the perfect foundation for your vision. Don't miss this chance to acquire a substantial piece of land in a desirable location with significant potential for growth and return on investment. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walla Walla
    County
    Walla Walla
    State
    Washington
    Longitude
    -118.342342
    Latitude
    46.075982

    Comparable in this City

    • $250,000
      18.16 Acres

      Walla Walla Countryside Acreage

      18 Acres, Mountain Views, Residential Land
      0 Lot D Bending Brooke Walla Walla, Walla Walla, WA 99362
      View Details
    • $510,000
      1.52 Acres

      Walla Walla Commercial Land Opportunity

      1.52-acre commercial/residential lot
      0 Tbd Stevens St, Walla Walla, WA 99362
      View Details
    • $1,500,000
      8,236 SF

      Remodeled Multi-Unit Investment Property

      Nine units near Whitman College with strong rental appeal.
      516 E Pine St, Walla Walla, WA 99362
      View Details
    • $625,000
      2,511 SF

      Newer Duplex in Walla Walla

      Newer construction duplex with strong rental history in Walla Walla.
      1723 Ruth St, Walla Walla, WA 99362
      View Details
    • $175,000
      13.19 Acres

      Walla Walla Commercial Land Parcel

      13-Acre Commercial Lot, Mountain Views
      2 Nibler Rd, Walla Walla, WA 99362
      View Details
    • $95,000
      6,451 SF

      Industrial Lot Ready For Development

      6,451 sqft industrial lot with concrete pads.
      1109 N 12Th Ave, Walla Walla, WA 99362
      View Details

    Similar Nearby for Sale

    • $250,000
      18.16 Acres

      Walla Walla Countryside Acreage

      18 Acres, Mountain Views, Residential Land
      0 Lot D Bending Brooke Walla Walla, Walla Walla, WA 99362
      View Details
    • $510,000
      1.52 Acres

      Walla Walla Commercial Land Opportunity

      1.52-acre commercial/residential lot
      0 Tbd Stevens St, Walla Walla, WA 99362
      View Details
    • $625,000
      2,511 SF

      Newer Duplex in Walla Walla

      Newer construction duplex with strong rental history in Walla Walla.
      1723 Ruth St, Walla Walla, WA 99362
      View Details
    • $1,500,000
      8,236 SF

      Remodeled Multi-Unit Investment Property

      Nine units near Whitman College with strong rental appeal.
      516 E Pine St, Walla Walla, WA 99362
      View Details
    • $175,000
      13.19 Acres

      Walla Walla Commercial Land Parcel

      13-Acre Commercial Lot, Mountain Views
      2 Nibler Rd, Walla Walla, WA 99362
      View Details
    • $1,000,000
      0.18 Acres

      Downtown Walla Walla Warehouse Opportunity

      Historic building, versatile space, prime location
      203 Alder St, Walla Walla, WA 99362
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    Similar Nearby for Lease

    • $22 SF/Yr
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      Former Retail Space with Drive-Through

      Former Rite Aid with drive-through, fixtures, and garden center.
      2028 E Isaacs Ave, Walla Walla, WA 99362
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    • $12 SF/Yr
      15,314 SF

      Retail Space Available For Rent

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    • $14 SF/Yr
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      Eastgate Marketplace

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    • $15 SF/Yr
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      Walla Walla Office Space For Lease

      6,565 SF Office Building, High Visibility
      412 9Th Ave, Walla Walla, WA 99362
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    • $12 SF/Yr
      13,553 SF

      Prime Retail Location on Twin Creek

      High-visibility retail space with flexible layout and ample parking.
      1725 Twin Crk Pl, Walla Walla, WA 99362
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    • $14 SF/Yr
      1,896 SF

      Turn-key Dental Office For Rent

      Turn-key dental office with ample parking and great signage.
      1600-1648 Plaza Way, Walla Walla, WA 99362
      View Details
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    224 Burns St
    Walla Walla, WA 99362
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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.

    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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