Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Moses Lake Heavy Industrial Land Title is generated by Realmo AI

    0 Wheeler Rd NE, Moses Lake, WA 98837

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $9,000,000

    Prime industrial land on corner lot in Moses Lake, WA.

    Type:Land
    Property size:
    80 SF
    Price / SF:
    $112,500/SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 6 at 12:09 am

    Property Features for 0 Wheeler Rd NE

    General Information

    Standard status
    Active
    Size
    80 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    John J. Hillier

    Listing agent John J. Hillier License #WA #44909

    Listing office

    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 John J. Hillier

    HighLights

    • Prime Heavy Industrial land on hard corner of Rd L and Wheeler Rd.
    • Ideal development site for Binding Site Plan to split into smaller parcels.
    • Permitted uses include manufacturing, fabricating, processing, warehousing, distribution, and assembly.
    • Under‑supplied Industrial area.
    • Wheeler corridor traffic of ± 14,000 VPD with major growth expected.
    • Utilities located at Wheeler Rd.

    Overview

    This is a prime heavy industrial land parcel located on the corner of Road L and Wheeler Road in Moses Lake, Washington. The property features level topography. Utilities are located at Wheeler Road. The area is considered an under-supplied industrial area. The Wheeler corridor experiences a traffic volume of approximately 14,000 vehicles per day, with anticipated growth. This site is suitable for developing a Binding Site Plan to divide it into smaller parcels. Permitted uses include manufacturing, fabricating, processing, warehousing, distribution operations, and assembly. The property size is 80 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.175
    Latitude
    47.1331

    Nearby Similar for Sale

    • $625,000
      1,950 SF

      Multi-Use Office Building Warehouse

      Office building with warehouse space in Moses Lake, Washington.
      708 E Penn St, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      3,360 SF

      Moses Lake Retail Strip Building

      Unanchored retail building on a high-traffic corner lot.
      1520 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $899,950

      Prime Commercial Site in Moses Lake

      3.76 acre commercial site with high visibility and traffic.
      96 X W Central Drive #1, Moses Lake, WA 98837
      View Details
    • $625,000
      1,950 SF

      Multi-Use Office Building Warehouse

      Multi-use office building with warehouse space for sale.
      708 Penn Street, Moses Lake, WA 98837
      View Details
    • $899,950

      Prime Commercial Site in Moses Lake

      3.76 acre commercial site with high visibility and synergy.
      96 Central Dr, Moses Lake, WA 98837
      View Details
    • $650,000
      7,000 SF

      Commercial Building in High-Traffic Area

      7,000 sq ft commercial building on 44,867 sq ft lot.
      440 S Melva Lane, Moses Lake, WA
      View Details
    • $899,950
      163,786 SF

      Prime Commercial Site in Moses Lake

      3.76 acre commercial site with high visibility and synergy.
      96 Central Dr, Moses Lake, WA 98837
      View Details
    • $2,500,000
      11,176 SF

      Highway Frontage Automotive Dealership

      Automotive dealership with highway frontage in Moses Lake, Washington.
      2311 S Maiers Rd, Moses Lake, WA 98837
      View Details
    • $725,000
      2,143 SF

      Adaptable Office Building with Basement

      Office building with high ceilings, basement, and multi-tenant potential.
      1336 E Hunter Place, Moses Lake, WA 98837
      View Details
    • $310,000
      800 SF

      Commercial Building in Central Moses Lake

      Centrally-located commercial building with flexible zoning and numerous possibilities.
      956 S Division, Moses Lake, WA 98837
      View Details
    • $1,200,000
      16,540 SF

      Professional Office Building For Sale

      High-visibility office building with flexible leasing options.
      660 S Coolidge Street, Moses Lake, WA 98837
      View Details
    • $3,849,950
      668,646 SF

      Prime Commercial Land in Moses Lake

      15.35 acre commercial property in a rapidly expanding retail district.
      94 X W Central Dr, Moses Lake, WA 98837
      View Details

    FAQs

    What type of property is this?
    Land - Prime industrial land on corner lot in Moses Lake, WA.
    Where is this land located?
    The property is located at 0 Wheeler Rd NE Moses Lake, WA.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: Prime Heavy Industrial land on hard corner of Rd L and Wheeler Rd.; Ideal development site for Binding Site Plan to split into smaller parcels.; Permitted uses include manufacturing, fabricating, processing, warehousing, distribution, and assembly.
    (509) 939-8094
    We can help!
    Listing Contact
    John J. Hillier
    Real Estate License ID: WA #44909
    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
    0 Wheeler Rd NE, Moses Lake, WA 98837
    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!