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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1020 Stratford Rd Moses Lake, WA 98837

    • Strip malls
    • 91,908 SF
    • 6.82 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3230740
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1020 Stratford Rd

    Year built
    1992
    Lot size
    6.82 lot acres
    Property size
    91,908 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    90629003
    APU
    90629003

    Description

    This exceptional retail opportunity is located in the thriving Moses Lake Town Center, a premier shopping destination in Grant County. The property boasts a total of 79,850 square feet of retail space, currently offering one immediately available unit of 16,000 contiguous square feet. This space is ideal for a variety of retail uses, benefiting from its prime location within the heart of Moses Lake's retail core. The center enjoys exceptional visibility and high foot traffic, driven by its strong anchor tenants. These include well-established national retailers such as Winco, Marshall's, JoAnn's, Sportsman's Warehouse, and Ulta, creating a synergistic environment that attracts a large and diverse customer base. The available space is easily accessible and offers ample parking for customers and employees. The minimum divisible space is 16,000 square feet, making it suitable for a significant retail operation seeking a prominent presence in this dynamic market. This is a rare chance to secure a space in a successful, established retail center with a proven track record of attracting shoppers and generating revenue. The property's strategic location and strong tenant mix make it an attractive investment for businesses seeking to establish or expand their presence in the Moses Lake area. The opportunity presents a unique chance to capitalize on the robust retail environment of Moses Lake Town Center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,590,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.281
    Latitude
    47.1427
    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
    $580,152
    $10,301,514
    $10,881,666
    -
    $580,152
    $10,301,514
    $10,881,666

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      1520 Pioneer Way

      SHOPPING CENTER, STRIP CENTER • 3,360 SF
      1520 Pioneer Way, Moses Lake, WA 98837-2440
      View Details
    • Value Estimation by Request
      7,480 SF

      2323 Broadway Ave

      SHOPPING CENTER, STRIP CENTER • 7,480 SF
      2323 Broadway Ave, Moses Lake, WA 98837-2676
      View Details
    • Value Estimation
      $2,730,000
      22,980 SF

      1001 Broadway Ave, Unit 1029

      SHOPPING CENTER, STRIP CENTER • 22,980 SF
      1001 Broadway Ave, Moses Lake, WA 98837-2604
      View Details
    • Value Estimation
      $1,635,000
      18,144 SF

      847 Broadway Ave

      SHOPPING CENTER, STRIP CENTER • 18,144 SF
      847 Broadway Ave, Moses Lake, WA 98837-5933
      View Details
    • Value Estimation by Request
      2,816 SF

      114 4th Ave

      SHOPPING CENTER, STRIP CENTER • 2,816 SF
      114 4th Ave, Moses Lake, WA 98837-1935
      View Details
    • Value Estimation by Request
      8,400 SF

      104 3rd Ave

      SHOPPING CENTER, STRIP CENTER • 8,400 SF
      104 3rd Ave, Moses Lake, WA 98837
      View Details

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    Similar Nearby for Lease

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      51,700 SF

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    • $17 SF/Yr
      79,850 SF

      Moses Lake Retail Center Opportunity

      High-traffic retail space available.
      1020 Stratford Rd, Moses Lake, WA 98837
      View Details
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      6,500 SF

      Moses Lake Retail Opportunity

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    • Contact for pricing

      Commercial Land Near Retailers

      32,627 SF commercial land for rent near retailers.
      N Stratford Rd, Moses Lake, WA 98837
      View Details
    • Contact for pricing

      Moses Lake Retail Pad Site

      Prime location, build-to-suit opportunity.
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      View Details
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      32,627 SF

      Land for Lease in Moses Lake

      Land available for lease in Moses Lake, Washington.
      N Stratford Rd, Moses Lake, WA 98837
      View Details
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    1020 Stratford Rd
    Moses Lake, WA 98837
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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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