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

    1085 Bishop Blvd Pullman, WA 99163-5452

    • Sports & entertainment properties
    • 24,420 SF
    • 4.86 lot acres
    OFF-MARKET
    Value Estimations
    $995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1945753
    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

    • Pullman Village Centre Cinemas / Cinema / Theater & Performing Art Venue
    • ATM / Atm

    Property Details for 1085 Bishop Blvd

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.86 lot acres
    Property size
    24,420 SF
    Property type
    Sports & entertainment properties
    APN
    815530000000014
    APU
    815530000000014

    Description

    This exceptional special-purpose property, located at 1085 SE Bishop Blvd in Pullman, Washington, 99163, presents a unique investment opportunity. The Village Centre Cinemas boasts a total of 28,000 square feet of space, housing a single-tenant movie theater operation. The theater features eight auditoriums, each equipped with stadium-style seating, expansive wall-to-wall screens, and luxurious high-backed seats complete with fold-up cup holder armrests. The impressive 4,600 square foot lobby features a soaring 30-foot ceiling, creating a grand and welcoming atmosphere. A significant highlight is the expansive 50-foot concession stand, designed to showcase a wide variety of food and beverage options. The lobby's focal point is a stunning 28-foot Movie Icon Mural, a photo collage masterpiece by Pullman native Jeffrey Cook, celebrating the first century of cinema with iconic movie stars. This turnkey operation is situated in a prime location within Pullman, offering significant potential for continued success and strong returns. The property's size and unique features make it an attractive investment for those seeking a distinctive commercial real estate asset. The single-tenant occupancy simplifies management and provides a stable income stream.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RECREATIONAL/ENTERTAINMENT (GENERAL)
      $1,215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.164
    Latitude
    46.7125
    CBSA code
    39420
    CBSA name
    PULLMAN, 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
    2024
    $48,447
    $1,271,514
    $2,191,284
    $3,462,798
    -
    $1,271,514
    $2,191,284
    $3,462,798

    Comparable in this City

    • Value Estimation by Request

      1410 Stadium Way

      RECREATIONAL, ENTERTAINMENT
      1410 Stadium Way, Pullman, WA 99163-4619
      View Details
    • Value Estimation by Request
      7,624 SF

      135 Grand Ave

      RECREATIONAL, ENTERTAINMENT • 7,624 SF
      135 Grand Ave, Pullman, WA 99163-2605
      View Details
    • Value Estimation by Request

      820 B St

      RECREATIONAL, ENTERTAINMENT
      820 B St, Pullman, WA 99163-4025
      View Details
    • Value Estimation by Request
      3,360 SF

      4902 State Rte 27

      RECREATIONAL, ENTERTAINMENT • 3,360 SF
      4902 State Rte 27, Pullman, WA 99163-8723
      View Details
    • Value Estimation by Request
      7,113 SF

      1402 Fancy Free Dr

      RECREATIONAL, ENTERTAINMENT • 7,113 SF
      1402 Fancy Free Dr, Pullman, WA 99163-5522
      View Details
    • Value Estimation by Request
      6,578 SF

      4811 Airport Rd

      RECREATIONAL, ENTERTAINMENT • 6,578 SF
      4811 Airport Rd, Pullman, WA 99163-6405
      View Details

    Similar Nearby for Sale

    • $804,000
      8.04 Acres

      Pullman Commercial Land - 8 Acres

      Prime commercial land, development opportunity, near Palouse Mall.
      122 Sand Buckler Dr, Pullman, WA 99163
      View Details
    • $1,225,000
      4.86 Acres

      Pullman Mixed-Use Land Investment

      4.86 Acres, 145 Unit Potential
      1222 Johnson Rd, Pullman, WA 99163
      View Details
    • $1,700,000
      17,475 SF

      Pullman Restaurant & Bar For Sale

      Established Eatery, Huge Potential
      305 Grand Ave, Pullman, WA 99163
      View Details
    • $350,000
      0.06 Acres

      1005 Main St, Pullman, WA 99163

      Commercial real estate • 0.06 Acres
      1005 Main St, Pullman, WA 99163
      View Details
    • $2,600,000
      5 SF

      Pullman Land for Retail, Multifamily

      Land suitable for retail, office, and multifamily development.
      1750 S Grand Ave, Pullman, WA 99163
      View Details
    • $649,000

      Downtown Pullman Retail Opportunity

      Vacant 5,900 SF building in revitalized downtown Pullman.
      320 East Main St, Pullman, WA 99163
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      17,475 SF

      Lumberyard Retail Center: Prime Location

      Restaurant & Retail Space Available Now
      305 Grand Ave, Pullman, WA 99163
      View Details
    • $16 SF/Yr
      1,530 SF

      Retail Space in Wheatland Center

      Retail space available in a high-visibility shopping center.
      1630-1690 S Grand Ave, Pullman, WA 99163
      View Details
    • $12 SF/Yr
      26,852 SF

      Anchor Space in Pullman Area

      Anchor space available near Grocery Outlet and Harbor Freight.
      1450 S Grand Ave, Pullman, WA 99163
      View Details
    • Contact for pricing
      21,270 SF

      Retail Space on Grand Avenue

      21,270 SF retail space available for lease.
      1630 S Grand Ave, Pullman, WA 99163
      View Details
    • $25 SF/Yr
      14,206 SF

      Pullman Office/Medical/Retail Space Available

      Office/medical/retail space in Pullman with great signage.
      650 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • $7 SF/Yr
      135,810 SF

      Pullman Warehouse: Prime Retail Space

      Large warehouse, 135,810 sq ft, 11.5 acres
      400 Fairmount Dr, Pullman, WA 99163
      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.
    1085 Bishop Blvd
    Pullman, WA 99163-5452
    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.