Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2022 Wallula Ave Walla Walla, WA 99362
    Back to Search
    Property profile & analytics

    2022 Wallula Ave, Walla Walla, WA 99362

    View on Map
    • Retail properties & Spaces
    • 9,896 SF
    • 14.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orchidaceae Inc / Orchid Grower

    Property Details for 2022 Wallula Ave

    Year built
    2003
    Lot size
    14.02 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 14.02-acre property in Walla Walla, WA, presents a unique investment opportunity. The property features a 7,316 square foot Dutch greenhouse, ideal for agricultural production, equipped with advanced cultivation technology. An attached 1,980 square foot utility building offers office space, a kitchen, and a versatile production area. Additional improvements include a 600 square foot equipment shed. The main structures were built in 2003 and sit on a poured concrete foundation. Heating and cooling are provided by radiator and free-standing forced-air units. Utilities include a septic sewer system, with electric, propane, and natural gas readily available. A private well ensures a reliable water supply. The land is fully irrigated and organically managed. The property boasts stunning views of the Blue Mountains and offers potential for future subdivision (check with Walla Walla County zoning for details). The asking price is $1,099,000. This versatile property is perfect for agricultural businesses or those seeking a rural retreat with development potential. The total building square footage is 9,896 square feet, situated on a single story. This is a rare opportunity to acquire a well-established and productive agricultural property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walla Walla
    County
    Walla Walla
    State
    Washington
    Longitude
    -118.419
    Latitude
    46.0573

    Comparable in this City

    • Value Estimation by Request
      65.21 Acres

      Bunchgrass Ln

      Farms
      0 Bunchgrass Ln, Walla Walla, WA 99362
      View Details
    • Value Estimation by Request
      13.19 Acres

      1 Nibler Rd

      Farms
      1 Nibler Rd, Walla Walla, WA 99362
      View Details
    • Value Estimation by Request
      9.85 Acres

      Brook Ln

      Farms
      0 Brook Ln, Walla Walla, WA 99362
      View Details
    • Value Estimation by Request
      10.00 Acres

      154 Dreamscape Ln

      Farms
      154 Dreamscape Ln, Walla Walla, WA 99362
      View Details
    • Value Estimation by Request
      1.52 Acres

      Tbd Stevens St

      Land
      0 Tbd Stevens St, Walla Walla, WA 99362
      View Details
    • Value Estimation by Request
      0.44 Acres

      1002 Poplar St

      Land
      1002 Poplar St, Walla Walla, WA 99362
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Walla Walla Valley Dryland Farm

      High-quality Washington farm with continuous crop rotation potential.
      2444 Waggoner Rd, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      29,030 SF

      Historic Walla Walla Landmark Building

      Landmark building in Walla Walla's tourist district for sale.
      38 E Main St, Walla Walla, WA 99362
      View Details
    • $850,000
      0.31 Acres

      Walla Walla Retail Opportunity

      Retail property for sale in Walla Walla, Washington.
      2121 E Isaacs Ave, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      0.31 Acres

      Walla Walla Retail Opportunity

      Retail property for sale in Walla Walla, Washington.
      2121 E Isaacs Ave, Walla Walla, WA 99362
      View Details
    • Contact for pricing

      Walla Walla Commercial Property

      6,728 SF commercial property in the heart of Walla Walla.
      102 N Colville St, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      4.00 Acres

      Walla Walla Retail Opportunity

      Retail property for sale in Walla Walla, Washington.
      1631 Rose St, Walla Walla, WA 99362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,314 SF

      Retail Space Available For Rent

      Retail space with open layout and convenient highway access.
      481 N Wilbur Ave, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      16,836 SF

      Former Retail Space with Drive-Through

      Former Rite Aid with drive-through, fixtures, and garden center.
      2028 E Isaacs Ave, Walla Walla, WA 99362
      View Details
    • Contact for pricing

      Retail Pads in Prime Location

      Versatile retail spaces with high visibility and accessibility.
      1631 W Rose St, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      2,729 SF

      Retail Space with Private Rooms

      Former tanning salon space with reception area available for rent.
      460-520 N Wilbur Ave, Walla Walla, WA 99362
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Location in Walla Walla

      Retail pads available near Highway 12 and Highway 125.
      NE Myra Rd At W Rose St, Walla Walla, WA 99362
      View Details
    • Contact for pricing

      Eastgate Marketplace Retail Space

      46,000 SF retail space in established shopping center.
      598 N Wilbur Ave, Walla Walla, WA 99362
      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.
    2022 Wallula Ave
    Walla Walla, WA 99362
    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
    2022 Wallula Ave, Walla Walla, WA, 99362
    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!