Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2148 Wa-26 Othello, WA 99344

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2148 Wa-26 Othello, WA 99344

    View on Map
    • Industrial properties
    • 18,640 SF
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2148 Wa-26

    Year built
    1985
    Lot size
    5.00 lot acres
    Property size
    18,640 SF
    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    This exceptional 18,640-square-foot industrial property in Othello, Washington, presents a compelling investment opportunity. Situated on a five-acre lot, this owner-user facility features two buildings, including a main shop spanning 11,840 square feet and a secondary shop of 4,800 square feet. Ideal for various industrial uses, the property boasts a 28-foot ceiling height, accommodating substantial equipment and inventory. Temperature-controlled storage is provided by a 1,480-square-foot cold room and a separate 600-square-foot freezer. Power is supplied by a reliable 3-phase, 300-amp, 480-volt electrical system. Access is facilitated by a 14-foot exterior door and a 12-foot interior door. The property includes a gas heater in the main shop and recently installed LED lighting. Floor drains are in place, making it suitable for food processing. Efficient loading and unloading are ensured by an exterior loading dock and two additional interior docks. A three-story, 1,872-square-foot office building provides ample administrative space. The property is zoned for industrial use and was built in 1985. Currently vacant, this Class C building offers significant potential for a wide range of businesses. The asking price is $1,849,000, with a price per square foot of $99.20.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Othello
    County
    Adams
    State
    Washington
    Longitude
    -119.186
    Latitude
    46.8133

    Comparable in this City

    • Value Estimation by Request
      3.23 Acres

      245 Railroad Ave

      CHEMICAL • 3.23 Acres
      245 Railroad Ave, Othello, WA 99344
      View Details
    • Value Estimation by Request
      2.00 Acres

      1201 Broadway Ave

      FOOD PROCESSING • 2.00 Acres
      1201 Broadway Ave, Othello, WA 99344
      View Details
    • Value Estimation by Request
      23.24 Acres

      185 Lee Rd

      FOOD PROCESSING • 23.24 Acres
      185 Lee Rd, Othello, WA 99344-8961
      View Details
    • Value Estimation by Request
      51.74 Acres

      Othello, WA 99344

      FOOD PROCESSING • 51.74 Acres
      Othello, WA 99344
      View Details
    • Value Estimation by Request
      5.28 Acres

      531 Booker Rd

      CHEMICAL • 5.28 Acres
      531 Booker Rd, Othello, WA 99344-9419
      View Details
    • Value Estimation by Request
      10.00 Acres

      1700 Broadway Ave

      FOOD PROCESSING • 10.00 Acres
      1700 Broadway Ave, Othello, WA 99344-8918
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Facility on Highway 26

      20,000 SF industrial facility on 5 acres in Othello, WA.
      2148 Highway 26 W, Othello, WA 99344
      View Details
    • $3,590,000

      Expansive Industrial Property in Othello

      80,000 SF industrial space ideal for various operations.
      1539 Lee Rd, Othello, WA 99344
      View Details
    • Contact for pricing
      26,273 SF

      Functional Industrial Warehouse in Othello

      Industrial warehouse with loading docks, office space, and storage.
      1501 W Lee Rd, Othello, WA 99344
      View Details
    • Contact for pricing

      Resort Living RV on Land

      Stylish RV with golf course view and resort amenities.
      7037 Highway 262, Othello, WA 99344
      View Details
    • $95,000
      26.00 Acres

      Othello WA Multi-Family Site

      Multi-family site available for apartment complexes or assisted living.
      Tbd Main St, Othello, WA 99344
      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.
    2148 Wa-26
    Othello, WA 99344
    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!