Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1054 Byp Dr Pullman, WA 99163
    Back to Search
    Property profile & analytics

    1054 Byp Dr, Pullman, WA 99163

    View on Map
    • Land
    • 2.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1054 Byp Dr

    Lot size
    2.97 lot acres
    Property type
    Land

    Description

    This exceptional 2.97-acre commercial land parcel, located at 1054 SE Bypass Dr., Pullman, WA 99163, presents a unique investment opportunity within "The District," Pullman's first mixed-use community. This C3-zoned property is part of a combined sale with 2030 SE Grand Ronde Ct., totaling 2.97 acres. The District offers a vibrant environment, strategically positioned near Pullman Regional Hospital, Starbucks, Pullman Building Supply, and Walmart, providing excellent visibility and accessibility. Enjoy breathtaking views of Washington State University and the Palouse hills. The extensive infrastructure development within The District is complete, allowing for immediate development of retail, restaurant, residential condo, corporate, or medical office spaces. This is a chance to capitalize on Pullman's growth and create a lasting contribution to the community. The property's combined tax assessment for 2022 was $780.52 (for the parcel at 2030 SE Grand Ronde Ct.). This offering presents a rare opportunity to build in a thriving, established community. The asking price for this combined 2.97-acre parcel is $617,492.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.254
    Latitude
    46.7897

    Comparable in this City

    • Value Estimation by Request
      3.06 Acres

      945 Clearwater

      Land • 3.06 Acres
      945 Clearwater, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      0.68 Acres

      2015 Grand Ronde Ct

      Land • 0.68 Acres
      2015 Grand Ronde Ct, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      1.85 Acres

      2020 Grand Ronde Ct

      Land • 1.85 Acres
      2020 Grand Ronde Ct, Pullman, WA 99163
      View Details
    • Value Estimation by Request

      400 Colorado St

      Land
      400 Colorado St, Pullman, WA 99163
      View Details
    • Value Estimation by Request
      8.04 Acres

      122 Sand Buckler Dr

      Land • 8.04 Acres
      122 Sand Buckler Dr, Pullman, WA 99163
      View Details
    • Value Estimation by Request

      13 Albion Rd

      Land
      13 Albion Rd, Pullman, WA 99163
      View Details

    Similar Nearby for Sale

    • $975,000
      2.64 Acres

      Pullman Commercial Land Opportunity

      2.64 acre commercial land for sale in Pullman, WA.
      N Grand Ave, Pullman, WA 99163
      View Details
    • $950,000

      Land Near Idaho State Line

      Commercial land with highway frontage near Idaho border.
      122 Sand Buckler Dr, Pullman, WA 99163
      View Details
    • $65,000
      Pending

      Pullman Multifamily Development Opportunity

      9,760 sq ft lot zoned R4 in Pullman, WA.
      130 NW Ann St, Pullman, WA 99163
      View Details
    • Contact for pricing

      Commercial Land for Sale

      4.86 Acres zoned for commercial and residential development.
      1222 Johnson Rd, Pullman, WA 99163
      View Details
    • $350,000
      0.06 Acres

      1005 Main St, Pullman, WA 99163

      Commercial real estate • 0.06 Acres
      1005 Main St, Pullman, WA 99163
      View Details
    • $650,000
      1.70 Acres

      Pullman Commercial/Residential Gem

      Prime Location, High Rental Income
      150 Harold Dr, Pullman, WA 99163
      View Details

    Similar Nearby for Lease

    • $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
      7,634 SF

      Retail Space in Pullman, WA

      Retail space available for rent in Pullman, Washington.
      1690 S Grand Ave, Pullman, WA 99163
      View Details
    • $20 SF/Yr
      1,500 SF

      Retail Space For Lease

      Retail space with flexible layout and high visibility location.
      588-594 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • 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
    • $18 SF/Yr
      9,220 SF

      Retail Space For Rent

      Retail space available for lease in Pullman, Washington.
      395-425 NE Stadium Way, Pullman, WA 99163
      View Details
    • Contact for pricing
      26,852 SF

      Anchor Space in Pullman Area

      Anchor space available near Grocery Outlet and Harbor Freight.
      1450 S Grand Ave, 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.
    1054 Byp 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
    1054 Byp 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!