Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    435 Brelsford Dr Pullman, WA 99163
    Back to Search
    Property profile & analytics

    435 Brelsford Dr Pullman, WA 99163

    View on Map
    • Retail properties & Spaces
    • 12,346 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 435 Brelsford Dr

    Property size
    12,346 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Corporate Pointe Developers is constructing an eight-suite, 12,346-square-foot commercial building in Pullman, Washington, anticipated for completion by Summer 2025. This development is situated in Pullman's most active commercial area, benefiting from the proximity of major retailers like Walmart and Safeway. The building enjoys high visibility from Bishop Boulevard, a main thoroughfare with an estimated 5,780 average daily traffic count (ADT). Currently, 9,619 square feet of space is available for lease, including one large contiguous space of 5,892 square feet. The building's design is adaptable to a variety of uses, making it suitable for general retail, restaurants, or traditional office spaces. The property is classified as both retail and office, offering multiple tenancy options within a modern, newly constructed building. This presents a unique opportunity for businesses seeking a prominent location in a thriving commercial hub. Construction is slated to begin in Fall 2024. Located in Whitman County, this property offers excellent visibility and accessibility, making it an attractive investment for businesses seeking a high-traffic location. The building's design and location are ideal for businesses seeking to establish a strong presence in the Pullman market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.179
    Latitude
    46.7137

    Comparable in this City

    • Value Estimation by Request
      10,847 SF

      340 Main St

      Office properties & Spaces • 10,847 SF
      340 Main St, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      1,900 SF

      247 Grand Ave

      Office properties & Spaces • 1,900 SF
      247 Grand Ave, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      135,810 SF

      400 Fairmount Dr

      Distribution properties • 135,810 SF
      400 Fairmount Dr, Pullman, WA 99163
      View Details
    • Value Estimation by Request

      115 State St

      Office properties & Spaces
      115 State St, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      1,056 SF

      5991 State Rte 270

      OFFICE (GENERAL) • 1,056 SF
      5991 State Rte 270, Pullman, WA 99163
      View Details
    • Value Estimation
      $580,000
      8,178 SF

      350 Fairmont Rd

      OFFICE (GENERAL) • 8,178 SF
      350 Fairmont Rd, Pullman, WA 99163-5500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,475 SF

      Unique Quonset Hut Building

      Quonset hut with commercial kitchen, bars, and entertainment center.
      305 N Grand Ave, Pullman, WA 99163
      View Details
    • Contact for pricing
      5,710 SF

      Versatile Commercial Property on Grand

      Highly visible property with restaurant, retail, and apartment unit.
      127 N Grand Ave, Pullman, WA 99163
      View Details
    • Contact for pricing
      17,475 SF

      Retail Building on Grand Avenue

      Retail building for sale, approximately 11,470 square feet.
      305 N Grand Ave, Pullman, WA 99163
      View Details
    • $265,000
      Pending

      Retail Space in Pullman, WA

      Retail property for sale in Pullman, Washington's Professional Mall.
      1205 SE Professional Mall Blvd, Pullman, WA 99163
      View Details
    • $695,000
      2.80 Acres

      Prime Pullman Office Building

      2.8 Acres, High Visibility, Three Suites
      2255 Hopkins Ct, Pullman, WA 99163
      View Details
    • Contact for pricing

      Retail Space in Pullman, WA

      Retail property for sale in Pullman, Washington's commercial district.
      1450 S Grand Ave, Pullman, WA 99163
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,324 SF

      Retail Space Near WSU Campus

      Retail space in mixed-use development near Washington State University.
      455 E Main St, Pullman, WA 99163
      View Details
    • $7 SF/Yr
      135,810 SF

      Pullman Warehouse: Prime Retail Space

      Large warehouse, 135,810 sq ft, 11.5 acres
      400 Fairmount Dr, Pullman, WA 99163
      View Details
    • $20 SF/Yr

      Versatile Property with Leasing Options

      Office and retail leasing options available in prime location.
      588 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • Contact for pricing
      1,000 SF

      Retail/Office Space in Pullman

      Retail or office space available in Tractor Town Square.
      745 N Grand Ave, Pullman, WA 99163
      View Details
    • $25 SF/Yr

      Pullman Office/Medical/Retail Space Available

      Office/medical/retail space in Pullman with great signage.
      650 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • Contact for pricing

      Downtown Pullman Retail Opportunity

      Vacant 5,900 SF building in revitalized downtown Pullman.
      320 East Main St, Pullman, WA 99163
      View Details
    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.
    435 Brelsford Dr
    Pullman, WA 99163
    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
    435 Brelsford Dr, Pullman, WA, 99163
    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!