Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ellensburg Land Ready to Build Title is generated by Realmo AI

    190 Umptanum Rd, Ellensburg, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10 acres of build-ready land near I-90 in Ellensburg.

    Type:RETAIL
    Lot size:
    0.91 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 190 Umptanum Rd

    General Information

    Standard status
    Active
    Lot size
    0.91 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 190 Umptanum Rd Contact us

    We can help!

    Listing Contact
    Kyle Herting

    Listing agent Kyle Herting

    Listing office CBRE

    Listing date Nov 24, 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 CBRE

    HighLights

    • "Build‑ready" land adjacent to a successful Marriott Towneplace Suites.
    • Located off I‑90 at the Canyon Road exit.
    • Seven out lots available, ranging from just under 1 acre to just over an acre.
    • Lot sizes are adjustable via Boundary Line Adjustment.
    • Tractor Supply developer set to open in 2025 on a 2.97ac lot (3D).
    • Purchase, ground lease, build‑to‑suit, and small shop space options available.

    Overview

    Hogback Development Company has acquired just over 10 acres of build-ready land adjacent to its new Marriott Towneplace Suites off of I-90 and the Canyon Road exit in Ellensburg, WA. Lakeside TownePlace offers 7 new out lots in addition to the 2.97-acre lot being sold to a Tractor Supply developer, set to open in 2025. The offered lots range from just under 1 acre to just over an acre and can be adjusted with a simple Boundary Line Adjustment. Small shop and restaurant space is currently being planned in the vicinity of Lots 1C, 3B, and 3E. Lots 1D and 3E will also work well for a long tube carwash. Lots are available for purchase, ground lease, build-to-suit, as well as small shop space.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellensburg
    County
    Kittitas
    State
    Washington
    Longitude
    -120.16
    Latitude
    46.9417

    Nearby Similar for Sale

    • $10
      14,000 SF

      Retail Space on Canyon Road

      14,000 SF retail space on Ellensburg's main corridor.
      1200 S Canyon Rd, Ellensburg, WA
      View Details
    • $12

      Ellensburg Retail Opportunity

      Retail property available for sale in Ellensburg, Washington.
      1200 S Canyon Rd, Ellensburg, WA
      View Details
    • $2,494
      1,467 SF

      Prime Commercial Unit in Downtown

      Versatile commercial unit in downtown Ellensburg with high visibility.
      107 W 3rd Ave, Ellensburg, WA, 98926-3353
      View Details
    • $1,450,000
      6,960 SF

      Heavy Industrial Zoned Property

      Industrial property with updated office space and loading docks.
      303 N Wenas St, Ellensburg, WA 98926
      View Details
    • $189,000

      Downtown Ellensburg Building Lot

      Oversized lot near schools, parks, and historic downtown.
      1 East 2nd Avenue, Ellensburg, WA 98926
      View Details
    • $7
      980,971 SF

      Retail Pads Near CWU Campus

      4-10 acre retail pads with I-90 visibility.
      Portion of Lot 4A Parcel 529333, Ellensburg, WA 98926
      View Details
    • Contact for pricing
      1,632,515 SF

      Prime Commercial Land I-90 Access

      Large commercial land parcels with excellent I-90 access.
      Ellensburg - West Interchange, Ellensburg, WA
      View Details
    • $6,500,000
      127,200 SF

      Ellensburg Land Near Interstate 90

      12.42 acres of agricultural land near I-90.
      8270 Tjossem Rd, Ellensburg, WA 98926
      View Details
    • Contact for pricing
      2,054,289 SF

      Prime Land Near Interstate 90

      Large 47+ acre land parcel with high visibility.
      1900 W Dolarway Rd, Ellensburg, WA
      View Details
    • $1,400,000
      4,100 SF

      Yakima Canyon Estate with Orchard

      22.59-acre estate with home and commercial apple orchard.
      51 Canyon River Terrace, Ellensburg, WA 98926
      View Details
    • Contact for pricing

      Ellensburg Light Industrial Acreage For Sale

      16.87 acres of light industrial land near Winco distribution.
      1103 Anderson Rd, Ellensburg, WA
      View Details
    • Contact for pricing

      Industrial Land Near Interstate 90

      61.09 acres of industrial land available for lease.
      1201 Umptanum Rd, Ellensburg, WA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10 acres of build-ready land near I-90 in Ellensburg.
    Where is this commercial land located?
    The property is located at 190 Umptanum Rd Ellensburg, WA.
    What are key features of this property?
    This property features: "Build‑ready" land adjacent to a successful Marriott Towneplace Suites.; Located off I‑90 at the Canyon Road exit.; Seven out lots available, ranging from just under 1 acre to just over an acre.
    (206) 292-1600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Herting
    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

    Thank You for Inquiry
    190 Umptanum Rd, Ellensburg, WA
    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!