Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Warehouse with Retail/Showroom & Offices Title is generated by Realmo AI

    521 S Columbia St, Wenatchee, WA 98801

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    13,000 SF warehouse with retail/showroom and office space.

    Type:Industrial
    Property size:
    15,100 SF
    Added:
    Sep 20, 2024
    Days on Market:
    623
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 521 S Columbia St

    General Information

    Standard status
    Active
    Size
    15,100 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 521 S Columbia St Contact us

    Available Space $13/Mo

    Size
    18,306 SF
    Type
    Industrial
    13,000 SF. free-span warehouse with 20' clearance with approx. 2,100 SF of support...
    show more
    Contact us

    We can help!

    Listing Contact
    Chaun Birks

    Listing agent Chaun Birks License #WA 2653

    Listing office Center Investments, Inc.

    Listing date Sep 20, 2024

    Source Crexi

    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 Center Investments, Inc.

    HighLights

    • 13,000 SF free‑span warehouse with +24' clearance.
    • Adjoining 3,200 SF of attractive retail/showroom & offices at street level.
    • Approximately 2,100 SF of support facilities for employees, elevator, street level mezzanine.
    • Card lock secure access at all entrances.
    • Loading ramp.
    • Heavy power.

    Overview

    This property features a 13,000 square foot free-span warehouse with a clearance height of over 24 feet. The warehouse includes approximately 2,100 square feet of support facilities for employees, and an elevator. A street-level mezzanine is also present. Security is enhanced by card lock access at all entrances. The warehouse is equipped with a loading ramp and heavy power. Adjoining the warehouse is 3,200 square feet of retail/showroom and office space located at street level.
    Property Profile Location Intelligence

    Current Use by Public Records

    GO USA, Inc. Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Lineage Plant 5 — 25 S Columbia St, Wenatchee, WA 98801
    • Parkway Mini-Storage — 964 Valley Mall Pkwy, East Wenatchee, WA 98802
    • 529 Storage — 521 S Wenatchee Ave, Wenatchee, WA 98801
    • Security Storage — 609 S Chelan Ave, Wenatchee, WA 98801
    • Parkway Mini Storage — 5 S Wenatchee Ave # 300, Wenatchee, WA 98801

    Location Insight

    • Map
    • Local Demand
    City
    Wenatchee
    County
    Douglas
    State
    Washington
    Longitude
    -120.3043314
    Latitude
    47.4181721

    Nearby Similar for Lease

    • $10 SF/Yr
      22,100 SF

      Retail Space in North Wenatchee

      45,000 SF retail center in Wenatchee's North End.
      1207 North Wenatchee Avenue, Wenatchee, WA
      View Details
    • $12 SF/Yr
      18,306 SF

      Light Manufacturing Facility with Showroom

      18,306 SF facility with warehouse, showroom, and offices.
      521 S Columbia St, Wenatchee, WA
      View Details
    • $26 SF/Yr
      1,950 SF

      Wenatchee Office Space For Lease

      1950 SF daylight basement office space for lease.
      151 S Worthen St, Wenatchee, WA
      View Details
    • $6,636/Mo
      3,982 SF

      Wenatchee Office Space For Lease

      Professional office space in the heart of Wenatchee.
      325 N Chelan Ave, Wenatchee, WA
      View Details
    • $14 SF/Yr
      9,200 SF

      Wenatchee Office Space Available

      9,200 SF office space for rent in Wenatchee, WA.
      3012 Gs Center Rd, Wenatchee, WA
      View Details
    • Contact for pricing
      13,880 SF

      Retail Space in Skookum Plaza

      Retail space with great co-tenancy in Wenatchee's North End.
      917 N Wenatchee Ave, Wenatchee, WA
      View Details
    • $17 SF/Yr
      565 SF

      Historic Wenatchee Office Space

      Classic brick and beam office building in downtown Wenatchee.
      11 Spokane St, Wenatchee, WA 98801
      View Details
    • Contact for pricing
      5,530 SF

      Downtown Wenatchee Adaptive Retail Project

      Adaptive project in downtown Wenatchee, perfect for retail.
      238 S Wenatchee Ave, Wenatchee, WA
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Wenatchee, Washington.
      NWC S Wenatchee Way E Kittitas St, Wenatchee, WA 98801
      View Details
    • $12 SF/Yr
      45,000 SF

      Wenatchee Retail and Services Center

      45,000 SF retail center in Wenatchee's North End.
      1201 N Wenatchee Ave, Wenatchee, WA 98801
      View Details

    FAQs

    What type of property is this?
    Warehouse - 13,000 SF warehouse with retail/showroom and office space.
    Where is this warehouse located?
    The property is located at 521 S Columbia St Wenatchee, WA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 13,000 SF free‑span warehouse with +24' clearance.; Adjoining 3,200 SF of attractive retail/showroom & offices at street level.; Approximately 2,100 SF of support facilities for employees, elevator, street level mezzanine.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chaun Birks
    Real Estate License ID: WA 2653
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    521 S Columbia St, Wenatchee, WA 98801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!