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    104 6 Ave Kittitas, WA 98934
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    104 6 Ave, Kittitas, WA 98934

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    • Commercial real estate
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    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 104 6 Ave

    Property type
    Commercial real estate

    Description

    Prime investment opportunity: a well-established 15-unit trailer park located at 104 W 6th Avenue, Kittitas, WA, is now available for purchase at $1,199,999. This rare commercial property boasts a strong rental history and a 7% capitalization rate, promising significant returns. The property features a total of fifteen units, each independently responsible for electricity and garbage disposal, minimizing operational overhead for the owner. The established tenant base contributes to a consistent and reliable cash flow. This turnkey operation presents a unique chance to acquire a profitable commercial asset in a desirable location. The property's size is not specified, but the land is recorded as a zero-acre lot. This established business model offers a low-maintenance, high-return investment opportunity. The property's financial performance demonstrates a history of consistent profitability, making it an attractive option for investors seeking a stable and lucrative venture. Serious inquiries only. This is a rare opportunity to acquire a proven income-generating asset in a growing market. Don't miss out on this exceptional investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kittitas
    County
    Kittitas
    State
    Washington
    Longitude
    -120.418
    Latitude
    46.9879

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      219 Main St

      COMMERCIAL (GENERAL)
      219 Main St, Kittitas, WA 98934-0306
      View Details
    • Value Estimation by Request
      4,000 SF

      800 Main St

      MINI-WAREHOUSE, STORAGE
      800 Main St, Kittitas, WA 98934-0311
      View Details
    • Value Estimation by Request
      1,585 SF

      106 Main St

      RETAIL STORES (PERSONAL SERVICES)
      106 Main St, Kittitas, WA 98934-0301
      View Details
    • Value Estimation by Request
      384 SF

      108 Railroad Ave

      RESTAURANT
      108 Railroad Ave, Kittitas, WA 98934-5947
      View Details
    • Value Estimation by Request
      2,400 SF

      1st Ave

      MINI-WAREHOUSE, STORAGE
      1st Ave, Kittitas, WA 98934
      View Details
    • Value Estimation
      $2,555,000
      9,135 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES)
      Main St, Kittitas, WA 98934
      View Details

    Similar Nearby for Sale

    • $2,999,900

      Kittitas Auto Parts Business & Land

      Established Auto Parts & Wrecking Yard - Turnkey Operation
      300 Main St, Kittitas, WA 98934
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    • $105,000

      Ten Acres on Parke Creek

      Secluded ten-acre parcel with creek access and wildlife.
      12-xxx Parke Creek Rd, Kittitas, WA 98934
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    • Contact for pricing

      Established Trailer Park in Kittitas

      15-unit trailer park with strong rental history and cash flow.
      104 W 6 Ave, Kittitas, WA 98934
      View Details
    • Contact for pricing

      Auto Parts and Wrecking Yard

      Successful auto parts and wrecking yard in Central Washington.
      300 S Main St, Kittitas, WA 98934
      View Details
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    104 6 Ave
    Kittitas, WA 98934
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    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
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