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

    0 Hwy 282 Ephrata, WA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,995,000

    162.3-acre parcel suitable for light industrial development.

    Type:LAND
    Lot size:
    162.30 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    244
    Last Refresh:
    Mar 29 at 11:30 pm

    Property Features for 0 Hwy 282

    General Information

    Standard status
    Active
    Lot size
    162.30 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Jack Crane

    Listing agent Jack Crane

    Listing office The Andover Company, Inc.

    Listing date Jul 31, 2025

    Source Moodyscre

    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 The Andover Company, Inc.

    Overview

    162.3 Acres Near Ephrata Airport

    This 162.3-acre parcel is located along State Route 282 near the Ephrata Airport. It is envisioned as a hub for businesses that require significant square footage, excellent highway access, and proximity to air transport. The property could support warehouses, logistics and distribution centers, advanced manufacturing facilities, and research-and-development campuses. The visibility from SR 282 also enhances suitability for corporate offices or customer-facing operations such as manufacturing showrooms or light assembly plants. With its flat terrain and potential for robust utility infrastructure, the site can also accommodate users like solar farms and dedicated air cargo staging zones. Surrounding the parcel, the Ephrata Airport boasts hangars and aerospace support services, while adjacent large-scale developments house cold storage facilities, food processing operations, self storage units, bulk freight logistics centers, and service repair centers.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ephrata
    County
    Grant
    State
    Washington
    Longitude
    -119.554
    Latitude
    47.3176

    Nearby Similar for Sale

    • $2,100,000

      Ephrata USDA Service Center

      9,653 SF building on 9.41 acres, remodeled in 2024.
      2145 Basin St SW, Ephrata, WA
      View Details
    • $899,000
      14,000 SF

      Ephrata Industrial Building For Sale

      14000+/- Sq Ft industrial building with versatile potential.
      631 Basin Street, Ephrata, WA 98823
      View Details
    • $295,000
      3,440 SF

      Ephrata Self-Storage Investment Opportunity

      High-demand, 100% occupied self-storage facility with value-add potential.
      328 Alder St SW, Ephrata, WA 98823
      View Details
    • $1,600,000

      Established Restaurant and Coffee Shop

      Turn-key restaurant and coffee shop with high-traffic location.
      805 Basin St Nw, Ephrata, WA, 98823-1665
      View Details
    • $9,500,000

      Ephrata Best Western Rama Inn

      70-key hotel in growing market near data centers.
      1818 Basin St SW, Ephrata, WA 98823
      View Details
    • $1,600,000
      36,590 SF

      Established Restaurant with Coffee Shop

      Turnkey restaurant with coffee shop, drive-through, and ample parking.
      805 Basin Street NW, Ephrata, WA 98823
      View Details
    • $7,500

      Rimrock Meadows Land for Recreation

      Shy-acre lot in private community with amenities near Ephrata.
      1104 E Coyote Trail, Ephrata, WA, 98823
      View Details
    • $12,000

      Rimrock Meadows Land with Canyon Views

      1.11 acre lot in Moses Coulee Canyon with stunning views.
      0 Lot 7 Singletree Drive, Ephrata, WA, 98823
      View Details
    • $12,000

      Recreational Land in Rimrock Meadows

      One-acre recreational land in a private, three-season community.
      125 Bodie Drive, Ephrata, WA, 98823
      View Details
    • $12,000

      Off-Grid Land with Canyon Views

      One-acre off-grid parcel with canyon and mountain views near Ephrata.
      0 Lot 51 Bodie Dr, Ephrata, WA, 98823
      View Details
    • $10,000

      Rimrock Meadows Acreage for Sale

      1.17 acre lot in Rimrock Meadows HOA community.
      2925 Alta Place, Ephrata, WA, 98823
      View Details
    • $12,000

      Off-Grid Lot with Amazing Views

      1.35 acre recreational lot with sunset views in Rimrock.
      0 Lot 7 Bossburg Drive, Ephrata, WA, 98823
      View Details

    FAQs

    What type of property is this?
    Land - 162.3-acre parcel suitable for light industrial development.
    Where is this land located?
    The property is located at 0 Hwy 282 Ephrata, WA.
    What is the asking price?
    The asking price for this property is $6,995,000.
    What are key features of this property?
    This property features: 162.3‑acre parcel ideal for light industrial development.; Excellent highway access via State Route 282.; Proximity to Ephrata Airport.
    (206) 446-6699
    We can help!
    Listing Contact
    Jack Crane
    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!