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Property profile & analytics
OFF-MARKET
Land

5919 Ivan Way Rochester, WA 98579

4.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.54-acre commercial land parcel presents a prime investment opportunity in the rapidly growing Grand Mound, Washington area. Strategically located on the I-5 corridor at Exit 88, this property boasts convenient access to major transportation routes, making it ideal for a variety of commercial uses. The land is zoned PI (Planned Industrial), offering flexibility for development. All necessary environmental studies are complete, including a gopher report, wetland report, and prairie habitat report. Utilities are readily available on-site, with sewer and water already connected. The level topography simplifies construction and development. This location offers high visibility from the major roadway, benefiting businesses seeking strong exposure. The Grand Mound area, situated approximately 15 miles southwest of Olympia, near the Thurston and Lewis County border, is experiencing significant commercial growth, with recent additions including a waterpark, hotels, a distillery, and several restaurants. This trend indicates a strong potential for future development and increased property value. The proximity to the Highway 12 junction further enhances the property's strategic advantage, attracting businesses seeking efficient logistics and convenient access to a wider market. Several light manufacturing and warehouse projects are currently underway in the area, highlighting the demand for industrial space in this thriving location. This property represents a rare opportunity to capitalize on the burgeoning commercial development within the I-5 corridor. The asking price is $900,000.

Property profile
Verified
Property type Land
Lot 4.54 ac (197,762 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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