Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    03 Adams St Pasco, WA 99301
    Back to Search
    Property profile & analytics

    03 Adams St Pasco, WA 99301

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

    Current Use by Public Records

    • Land

    Property Details for 03 Adams St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 0-unit industrial land parcel, listed at $926,412, presents a compelling investment opportunity in Pasco, Washington. Located at Lot 7 BSP 03 Adams Street, 99301, this property boasts a prime location at the northwest corner of Interstate 182 and Highway 395, offering unparalleled access to major transportation arteries. The site is easily accessible, with directions indicating travel south on Travel Plaza Way to Rainier, then west on Adams Street. This area is experiencing significant growth, evidenced by the recent construction of several new industrial warehouses. The property's classification as "Other" within the industrial subtype suggests versatility in potential development. The land itself is described as level, making it suitable for efficient construction and minimizing site preparation costs. This lot represents a strategic investment in a thriving industrial corridor, promising strong returns for developers seeking to capitalize on the region's expanding industrial sector. The Franklin County location further enhances its appeal. MLS# 280234.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.203
    Latitude
    46.2442

    Comparable in this City

    • Value Estimation by Request

      7 Saint Thomas Dr

      Land
      7 Saint Thomas Dr, Pasco, WA 99301
      View Details
    • Value Estimation by Request

      3801 Court St

      Land
      3801 Court St, Pasco, WA 99301
      View Details
    • Value Estimation by Request

      03 Adams St

      Land
      03 Adams St, Pasco, WA 99301
      View Details
    • Value Estimation by Request

      03 Adams St

      Land
      03 Adams St, Pasco, WA 99301
      View Details
    • Value Estimation by Request

      021 Spokane St

      Land
      021 Spokane St, Pasco, WA 99301
      View Details
    • Value Estimation by Request

      03 Adams St

      Land
      03 Adams St, Pasco, WA 99301
      View Details

    Similar Nearby for Sale

    • $1,970,000
      1.08 Acres

      Pasco Industrial Land For Sale

      Industrial land available in Pasco, WA, with light industrial zoning.
      836 S 3Rd Ave, Pasco, WA 99301
      View Details
    • Contact for pricing
      1.08 Acres

      Pasco Industrial Land For Sale

      Industrial land available in Pasco, Washington.
      836 S 3Rd Ave, Pasco, WA 99301
      View Details
    • Contact for pricing
      3.76 Acres

      Pasco Industrial Land For Sale

      3.76 acre industrial land available in Pasco, Washington.
      N Commercial Ave Bldg 1, Pasco, WA 99301
      View Details
    • Contact for pricing
      1.19 Acres

      Pasco Industrial Land For Sale

      1.19 acre industrial land available in Pasco, Washington.
      N Wyoming, Pasco, WA 99301
      View Details
    • $2,800,000

      Pasco Land For Sale

      Land available in Pasco, Washington.
      Road 40 S, Pasco, WA 99301
      View Details
    • $705,000

      Land For Sale in Pasco

      Land available at 3451 Travel Plaza Way, Pasco, WA
      3451 Travel Plaza Way, Pasco, WA 99301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Acreage for Lease

      Approximately 1.64-acre property suitable for various commercial uses.
      2331 W A St, Pasco, WA 99301
      View Details
    • $1.35 SF/Yr
      1,500 SF

      Flex Space in Columbia East

      New flex space with shop, warehouse, and office areas.
      2201 N Commercial Ave, Pasco, WA 99301
      View Details
    • $12 SF/Yr
      2,827 SF

      West Pasco Flex Space Available

      Flex space in growing business district with easy transportation access.
      5710-5810 Road 92, Pasco, WA 99301
      View Details
    • $12 SF/Yr
      5,676 SF

      Functional Warehouse Space in Pasco

      5,676 SF warehouse with convenient access to I-82.
      3210 North Swallow Ave, Pasco, WA 99301
      View Details
    • $4,500 /Mo

      Pasco Commercial Building For Lease

      Versatile 4,400 SF building with retail and warehouse space.
      2331 W A St, Pasco, WA 99301
      View Details
    • Contact for pricing

      West Pasco Flex Space Available

      Flex space in West Pasco, suitable for warehousing and manufacturing.
      5820 Road 92, Pasco, WA 99301
      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.
    03 Adams St
    Pasco, WA 99301
    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
    03 Adams St, Pasco, WA, 99301
    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!