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    1222 Johnson Rd Pullman, WA 99163

    Sponsored
    For Sale
    $1,225,000

    4.86 Acres, 145 Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.86-acre land parcel presents a unique investment opportunity in Pullman, Washington. Ideally situated at 1222 Johnson Rd, 99163, this property offers significant potential for a mixed-use development, catering to both commercial and residential needs. The zoning allows for a high-density project. The western third of the land is zoned C3, designated as a General Commercial District, while the eastern two-thirds are zoned R4, providing flexibility for a variety of uses. Preliminary plans suggest the potential for approximately 145 units, with an estimated cost of $8,448 per door. Utilities are readily available on-site, simplifying the development process. This property is being offered below its appraised value, representing a compelling opportunity for investors seeking a high-return project in a thriving market. The Whitman County location provides access to a robust local economy and a strong demand for housing, particularly student housing given its proximity to Washington State University. The APN is 814900000000096. This is a rare chance to acquire a large, well-located parcel in a desirable area, primed for a substantial mixed-use development. Don't miss this chance to capitalize on the potential of this prime real estate.

    Property Features for 1222 Johnson Rd

    General Information

    Property type
    Land
    Lot Size
    211,702 SF

    HighLights

    • $1,225,000 asking price.
    • 4.86‑acre land parcel.
    • Located at 1222 Johnson Rd, Pullman, WA 99163 (APN: 814900000000096).
    • Zoned C3 (western 1/3) and R4 (eastern 2/3).
    • Utilities available on‑site.
    • Potential for 145 units, estimated at $8,448 per door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.1634447
    Latitude
    46.7188237

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    FAQs

    What type of property is this?
    Land - 4.86 Acres, 145 Unit Potential
    Where is this land located?
    The property is located at 1222 Johnson Rd Pullman, WA.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: $1,225,000 asking price.; 4.86-acre land parcel.; Located at 1222 Johnson Rd, Pullman, WA 99163 (APN: 814900000000096).
    Request Owner's contact information
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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
    1222 Johnson Rd Pullman, WA 99163
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