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    773 Kohler Rd Burbank, WA 99323

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    773 Kohler Rd Burbank, WA 99323

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    • Retail properties & Spaces
    • 4,000 SF
    • 2.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 773 Kohler Rd

    Year built
    2023
    Lot size
    2.45 lot acres
    Property size
    4,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 4,000-square-foot Class A retail/office building, constructed in 2023, is ideally situated in Burbank, WA, off Highway 12, between the Tri-Cities and Walla Walla. Located within the burgeoning Burbank Business & Industrial Park, this property benefits from the proximity of newly established Amazon Fulfillment Warehouses. The building features one story and comprises four suites, each approximately 1,000 square feet, offering flexibility for various configurations. Currently, all 4,000 square feet are vacant and available as a single unit or divided into multiple suites. The property includes 20 parking spaces and sits on a 2.45-acre lot. The building is a gray shell, allowing for tenant improvements, with the landlord offering financial contributions towards tenant improvements. Zoned for commercial retail use (APN 300801550064), this property presents a unique opportunity for businesses seeking high visibility and convenient access. Flexible lease terms and low NNN expenses make this an attractive investment. The property is easily accessible from 5th Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Walla Walla
    State
    Washington
    Longitude
    -119.012
    Latitude
    46.2035

    Comparable in this City

    • Value Estimation
      $615,000
      10,160 SF

      146 Railex Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,160 SF
      146 Railex Rd, Burbank, WA 99323-9001
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    • Value Estimation by Request
      2.45 Acres

      773 Kohler Rd

      Retail properties & Spaces • 2.45 Acres
      773 Kohler Rd, Burbank, WA 99323
      View Details
    • Value Estimation by Request
      2,693 SF

      199 2nd Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,693 SF
      199 2nd Ave, Burbank, WA 99323-9628
      View Details
    • Value Estimation
      $530,000
      6,602 SF

      14813 Dodd Rd

      VEHICLE SALES, RENTALS • 6,602 SF
      14813 Dodd Rd, Burbank, WA 99323-8548
      View Details
    • Value Estimation by Request
      3,768 SF

      35 Apple Ln

      GROCERY, SUPERMARKET • 3,768 SF
      35 Apple Ln, Burbank, WA 99323
      View Details
    • Value Estimation
      $28,515,000
      273,438 SF

      13979 Dodd Rd

      SHOW ROOM, WAREHOUSE • 273,438 SF
      13979 Dodd Rd, Burbank, WA 99323
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.45 Acres

      Retail Opportunity in Burbank, WA

      2.45 acre retail property for sale in Burbank, Washington.
      773 Kohler Rd, Burbank, WA 99323
      View Details
    • Contact for pricing

      Light Industrial Parcel in Burbank

      Rare 3-acre light industrial parcel near Tri-Cities Intermodal yard.
      232 Railex Rd, Burbank, WA 99323
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      Flat Irrigated Land in Burbank

      Two-acre irrigated lot near McNary Wildlife Refuge, ready to build.
      Tbd Lk Rd, Burbank, WA 99323
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    • $175,000
      3.74 Acres

      Burbank Land with Development Potential

      3.74 acres, residential/agricultural zoning, existing well, highway access.
      22393 Ice Harbor Dr, Burbank, WA 99323
      View Details
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    Burbank, WA 99323
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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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