Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9538 184th Avenue SW Rochester, WA 98579

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $900,000

    2 acres with 300' frontage on US Hwy 12.

    Type:Land or Vacant Lot
    Lot size:
    2.13 Acres
    Added:
    Apr 27, 2024
    Days on Market:
    724
    Last Refresh:
    Apr 5 at 9:44 pm

    Property Features for 9538 184th Avenue SW

    General Information

    Standard status
    Active
    Lot size
    2.13 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JAY MEIERHOFER

    Listing agent JAY MEIERHOFER

    Listing office NORTHFORK REALTY

    Listing date Apr 27, 2024

    Source Corcoran

    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 NORTHFORK REALTY

    Overview

    Prime Land on US Hwy 12

    This property offers the opportunity to own 2 acres with 300 feet of frontage on US Highway 12 in the Rochester/Grand Mound area. Zoned RCC (Rural Commercial Center), the parcel is suitable for various ventures. Its location next to a Chevron station makes it potentially ideal for a restaurant, retail store, or any business benefiting from high visibility. Traffic counts exceed 13,000 vehicles per day. The property has been cleared, and a gopher study has been completed. The lots are located at 9538 and 9609 184th Avenue and face US Highway 12 near downtown Rochester.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Thurston
    State
    Washington
    Longitude
    -123.085
    Latitude
    46.8213

    Nearby Similar for Sale

    • $599,500

      Prime Land with I-5 Frontage

      Land with I-5 frontage suitable for commercial development.
      18601 Loganberry Street SW, Rochester, WA 98579
      View Details
    • $900,000
      3 SF

      Grand Mound Industrial Land I-5

      3.44 acres of industrial land with I-5 corridor access.
      5911 Ivan Way SW, Rochester, WA 98579
      View Details
    • $1,300,000
      7,676 SF

      Rochester Commercial Building For Sale

      7,600 SF commercial building with flexible zoning in Rochester.
      20411 Old Hwy 99, Rochester, WA 98531
      View Details
    • $141,200

      Recreational Land Near Lucky Eagle

      Land near Lucky Eagle Casino, suitable for recreation and agriculture.
      13036 188th Avenue SW #B, Rochester, WA 98579
      View Details
    • $1,400,000

      16 Acres with I-5 Frontage

      16 acres with I-5 frontage, development potential, includes home.
      5945 Ivan Way SW, Rochester, WA 98579
      View Details
    • $4,300,000
      22,080 SF

      20-Unit Duplex Community For Sale

      Well-maintained 20-unit duplex community on 5.59 acres in Thurston County.
      18304 Nutmeg St SW, Rochester, WA 98579
      View Details
    • $1,633,500

      Two 5-Acre Commercial Parcels

      Two 5-acre commercial parcels near Rochester, WA, for sale.
      0 Roseburg, Rochester, WA 98579
      View Details
    • $250,000
      19,166 SF

      Commercial Land Near I-5 Exit

      Business-ready commercial land near high-traffic area and developing I-5 exit.
      19607 Vision Dr SW, Rochester, WA 98579
      View Details
    • $155,000

      Secluded Wooded Land Near Olympia

      7+ acre retreat near Olympia, ideal for home or campsite.
      12630 183rd Avenue Southwest, Rochester, WA 98579
      View Details
    • $250,000
      19,166 SF

      Commercial Pad Ready for Business

      Business-ready commercial land near high-traffic area and developing I-5 exit.
      19603 Vision SW, Rochester, WA 98579
      View Details
    • $300,000

      9+ Acre Cleared Land Parcel

      Cleared, level 9+ acre lot in Grand Mound/Rochester, ready to build.
      19000 Old Highwy 99, Rochester, WA 98579
      View Details
    • $1,450,000
      5,500 SF

      Rochester Commercial Property For Sale

      Commercial property available for sale in Rochester, Washington.
      19320 Elderberry St SW, Rochester, WA 98579
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2 acres with 300' frontage on US Hwy 12.
    Where is this commercial land located?
    The property is located at 9538 184th Avenue SW Rochester, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 300' of prime frontage on US Hwy 12; Zoned RCC (Rural Commercial Center) offering versatile business opportunities; High traffic count: over 13,000 vehicles per day
    (360) 701-1652
    We can help!
    Listing Contact
    JAY MEIERHOFER
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!