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    Property profile & analytics

    1383 Fair St Clarkston, WA 99403

    • Mobile home & RV parks
    • 3.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2051453
    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

    • Mobile home & RV parks

    Property Details for 1383 Fair St

    Lot size
    3.52 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds

    Description

    This exceptional investment opportunity encompasses two manufactured housing communities strategically located in Clarkston, WA, and Lewiston, ID – the vibrant "Banana Belt" of the Lewis Clark Valley. The portfolio comprises a total of 57 sites spread across 3.52 acres, offering immediate scale and a strong foothold in a growing market. Currently operating at 75% occupancy, the properties boast an average monthly rent of $460, presenting significant value-add potential through rental growth and infill opportunities. Both locations benefit from public utilities and are situated in a region with robust demand for affordable housing, creating a favorable supply-demand imbalance. The properties are situated on separate tax parcels, providing flexible exit strategies and financing options. Neither Washington nor Idaho have rent control, further enhancing the investment's appeal. The area offers a high quality of life with abundant outdoor recreation opportunities, including boating, fishing, and hiking, along with convenient access to major retailers like Costco, Walmart, and Home Depot, and an airport in Lewiston. The strong NOI of $143,624 and a 7.30% cap rate make this a compelling investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Asotin
    State
    Washington
    Longitude
    -117.0630784
    Latitude
    46.4210636

    Comparable in this City

    • $4,130,000
      11,959 SF

      Clarkston Waterfront Commercial Opportunity

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    • $499,000
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      Clarkston Five-Unit Income Property

      Turnkey investment property with five units and established tenants.
      1422-1430 16Th Ave, Clarkston, WA 99403
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    • $320,000
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      Clarkston Duplex Near TriState Hospital

      Duplex with separate utilities, ideal for rental or owner-occupancy.
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    • $335,000
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      Clarkston Duplex with Updated Units

      Two homes on one parcel in downtown Clarkston, Washington.
      713-715 4Th St, Clarkston, WA 99403
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    • $695,000
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      Clarkston Five-Unit Residential Property

      Well-managed five-unit property in a desirable Clarkston neighborhood.
      820 2Nd St, Clarkston, WA 99403
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    • $1,900,000
      8,000 SF

      Highway Frontage Commercial Property

      Service commercial property with multiple income streams in Clarkston, WA.
      1324-1350 Bridge St, Clarkston, WA 99403
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    Similar Nearby for Sale

    • $4,130,000
      11,959 SF

      Clarkston Waterfront Commercial Opportunity

      Unique waterfront RV park with restaurant and marina potential.
      1550 Port Dr, Clarkston, WA 99403
      View Details
    • $320,000
      Pending

      Clarkston Duplex Near TriState Hospital

      Duplex with separate utilities, ideal for rental or owner-occupancy.
      1334 Mccarroll St, Clarkston, WA 99403
      View Details
    • $499,000
      7,957 SF

      Clarkston Five-Unit Income Property

      Turnkey investment property with five units and established tenants.
      1422-1430 16Th Ave, Clarkston, WA 99403
      View Details
    • $335,000
      1,319 SF

      Clarkston Duplex with Updated Units

      Two homes on one parcel in downtown Clarkston, Washington.
      713-715 4Th St, Clarkston, WA 99403
      View Details
    • $695,000
      2,340 SF

      Clarkston Five-Unit Residential Property

      Well-managed five-unit property in a desirable Clarkston neighborhood.
      820 2Nd St, Clarkston, WA 99403
      View Details
    • $1,900,000
      8,000 SF

      Highway Frontage Commercial Property

      Service commercial property with multiple income streams in Clarkston, WA.
      1324-1350 Bridge St, Clarkston, WA 99403
      View Details

    Similar Nearby for Lease

    • $0.70 SF/Yr

      Industrial Warehouse in Port of Clarkston

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      1370 Port Dr, Clarkston, WA 99403
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    • $102,000
      7,900 SF

      Commercial Property with Steel Shop

      Commercial building with land, equipment, and parking in Clarkston, WA.
      519 Diagonal St, Clarkston, WA 99403
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    • $16 SF/Yr
      1,116 SF

      Retail Space in Clarkston, WA

      Retail space available for lease in Clarkston, Washington.
      303 Bridge St, Clarkston, WA 99403
      View Details
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    1383 Fair St
    Clarkston, WA 99403
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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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