Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Marksman St 98823, WA

    • Sports & entertainment properties
    • 1,728 SF
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details for Marksman St

    Year built
    2004
    Property size
    1,728 SF
    Property type
    Sports & entertainment properties
    APN
    410435007
    APU
    410435007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    98823
    County
    Grant
    State
    Washington
    Longitude
    -119.504
    Latitude
    47.2932
    CBSA code
    34180
    CBSA name
    MOSES LAKE, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $309,678
    $309,678
    -
    $0.00
    $309,678
    $309,678

    Comparable in this City

    • Value Estimation
      $260,000
      0.73 Acres

      Matthews Way, WA

      RECREATIONAL, ENTERTAINMENT • 0.73 Acres
      Matthews Way, WA
      View Details
    • Value Estimation
      $245,000
      2.61 Acres

      129th St

      RECREATIONAL, ENTERTAINMENT • 2.61 Acres
      129th St, E, WA
      View Details
    • Value Estimation
      $255,000
      9.44 Acres

      55th St Ct

      RECREATIONAL, ENTERTAINMENT • 9.44 Acres
      55th St Ct, E, WA
      View Details
    • Value Estimation
      $215,000
      0.09 Acres

      295th St

      RECREATIONAL, ENTERTAINMENT • 0.09 Acres
      295th St, S, WA
      View Details
    • Value Estimation
      $250,000
      0.89 Acres

      Rdg Dr

      RECREATIONAL, ENTERTAINMENT • 0.89 Acres
      Rdg Dr, Ne, WA
      View Details
    • Value Estimation
      $250,000
      2.89 Acres

      55th St Ct

      RECREATIONAL, ENTERTAINMENT • 2.89 Acres
      55th St Ct, E, WA
      View Details

    Similar Nearby for Sale

    • $165,000
      5,016 SF

      Remodeled Retail Building on Main

      Iconic building in a lakeside vacation destination, great investment.
      405 W Main St, Coulee City, WA
      View Details
    • Contact for pricing
      1,632,515 SF

      Prime Commercial Land I-90 Access

      Large commercial land parcels with excellent I-90 access.
      West Interchange, Ellensburg, WA
      View Details
    • Contact for pricing
      21 SF

      Prime Commercial Retail Land

      21.91 acres of land with high visibility and access.
      Address Not Disclosed, Mead, WA
      View Details
    • $3,500,000
      14,425 SF

      Well-Maintained Warehouse with Income Potential

      Two-building property with renovated office and warehouse space for sale.
      15106 10 Ave SW, Burien, WA
      View Details
    • $2,500,000
      10,214 SF

      Spokane Office Building on Highway

      Multi-tenant office building with high visibility and ample parking.
      8727 Hwy W, Spokane, WA
      View Details
    • $3,000,000
      15,000 SF

      Retail Building in Bremerton, WA

      Former Walgreens retail building available for purchase or lease.
      6432 Hwy 303 NE, Bremerton, WA
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,600 SF

      Burien Retail/Fitness Space Available

      Martial arts studio, yoga, or fitness facility opportunity.
      116-130 SW 153 St, Burien, WA
      View Details
    • Contact for pricing
      196,101 SF

      New Industrial Manufacturing Project

      High-image industrial/manufacturing space for rent, delivery in Q1 2025.
      18712 Bothell-Everett Hwy, Bothell, WA
      View Details
    • $22 SF/Yr
      21,290 SF

      Lacey Office Space For Rent

      Office space available for lease in Lacey, Washington.
      640 Woodland Sq Lp SE, Lacey, WA
      View Details
    • $1,800 /Mo
      2,228 SF

      Ferndale Flexspace Condominium For Rent

      2,228 SF flexspace with easy I-5 access.
      1915 Baltic Way, Ferndale, WA
      View Details
    • $12 SF/Yr
      35,769 SF

      Retail Space in Oak Harbor

      Junior anchor space in busy retail center on State Route 20.
      32185-32209 Hwy, Oak Harbor, WA
      View Details
    • $18 SF/Yr
      1,100 SF

      Gig Harbor Office/Flex Space Available

      Office and flex spaces available for lease in Gig Harbor.
      137th Ave Ct NW 11901, Gig Harbor, WA
      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.
    Marksman St
    98823, WA
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.