Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    I-182 Frontage Land Available Title is generated by Realmo AI

    nka St. Thomas Drive, Pasco, WA 99301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6,000/Mo $36,000 SF/Yr (calc)

    2.25 acre commercial land for ground lease.

    Type:Land
    Property size:
    2 SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 6 at 12:05 am

    Property Features for nka St. Thomas Drive

    General Information

    Standard status
    Active
    Size
    2 SF
    Property subtype
    Land

    Spaces For Lease

    at nka St. Thomas Drive Contact us

    We can help!

    Listing Contact
    Rob Ellsworth, CCIM

    Listing agent Rob Ellsworth, CCIM License #WA #17790

    Listing office Retter & Company Sotheby's International Realty

    Listing date Nov 21, 2025

    Source Svn

    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 Retter & Company Sotheby's International Realty

    HighLights

    • Interstate 182 Frontage: Benefit from high visibility and accessibility.
    • Zoned Regional Commercial: Suitable for a wide range of commercial ventures.
    • 2.25 Acres: Substantial land area for development.
    • One of the Few Remaining Lots: Limited availability increases value.
    • All City Services Available: Ready for immediate development.
    • Ground Lease Opportunity: Reduces upfront capital expenditure.

    Overview

    This 2.25-acre commercial land is one of the few remaining lots with frontage on Interstate 182. Zoned Regional Commercial, the property has all city services available. It is located between Thunder Alley Cycles and Broadmoor RV. The property is offered for ground lease only, and the tenant will be responsible for reimbursing property taxes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -118.818
    Latitude
    46.4588

    Nearby Similar for Lease

    • $4,500/Mo
      4,400 SF

      Pasco Commercial Building For Lease

      Versatile 4,400 SF building with retail and warehouse space.
      2331 W A St, Pasco, WA 99301
      View Details
    • $7,385/Mo
      4,380 SF

      Office and Warehouse with Lay-Yard

      Office, warehouse, and lay-yard facility designed for industrial uses.
      1342 Saint Helens St., Bldg B1, Pasco, WA 99301
      View Details
    • $4,800/Mo
      3,500 SF

      Pasco Cross Dock Space Available

      Cross-dock space with remodeled office and fenced yard in Pasco.
      423 S Idaho Ave, Pasco, WA 99301
      View Details
    • $27 SF/Yr
      9,311 SF

      Pasco Medical/Dental/Office Space

      9311 SF premier space in Pasco's growing commercial district.
      6825 Burden, Pasco, WA
      View Details
    • $17 SF/Yr
      5,946 SF

      Retail Space on Court Street

      Retail suites available for lease in Pasco, Washington.
      4307 W Court St, Pasco, WA 99301
      View Details
    • $30 SF/Yr
      3,291 SF

      Pasco Retail Pad Building

      Freestanding 3,291 SF building in high-traffic Pasco location.
      1406 N. 20th Avenue, Pasco, WA 99301
      View Details
    • $13 SF/Yr
      6,000 SF

      Pasco Office or Retail Space

      Office or retail spaces available in Pasco, Washington.
      510 N 20th Ave, Pasco, WA
      View Details
    • $1,930/Mo
      1,000 SF

      Turn-Key Office Space Available

      Commercial office space in a prime location, ready for occupancy.
      1915 Sun Willows Blvd, Pasco, WA
      View Details
    • $25 SF/Yr
      4,893 SF

      West Pasco Medical/Office Space

      Move-in-ready 4,893 SF space in West Pasco's commercial corridor.
      9521 Sandifur Pkwy, Pasco, WA
      View Details
    • $1,500/Mo

      Prime Pasco Retail Space Available

      Retail space with high visibility, ample parking, and easy access.
      2735 W Court St, Pasco, WA 99301
      View Details
    • $25 SF/Yr
      37,520 SF

      West Pasco Flex Space Available

      3,200 SF flex space with offices and warehouse.
      5804 Road 90, Pasco, WA 99301
      View Details
    • $10 SF/Yr
      20,500 SF

      Retail Spaces in Riverview Plaza

      Retail spaces for lease in Pasco's Riverview Plaza.
      3431 W Court, Pasco, WA 99301
      View Details

    FAQs

    What type of property is this?
    Land - 2.25 acre commercial land for ground lease.
    Where is this land located?
    The property is located at nka St. Thomas Drive Pasco, WA.
    What is the lease rate?
    The lease rate is $6,000 /Mo.
    What are key features of this property?
    This property features: Interstate 182 Frontage: Benefit from **high visibility and accessibility**.; Zoned Regional Commercial: **Suitable for a wide range of commercial ventures**.; 2.25 Acres: Substantial land area for development.
    (509) 430-2378
    We can help!
    Listing Contact
    Rob Ellsworth, CCIM
    Real Estate License ID: WA #17790
    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
    nka St. Thomas Drive, Pasco, WA 99301
    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!