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1104 Yelm E Ave Yelm, WA 98597-7683

OFF-MARKET Commercial land Google Maps
1.08 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$235k
Range $212k – $259k (±10%)
Property ID US90-0114909

Property summary

AI-generated overview

This exceptional 1.08-acre commercial lot in Yelm, WA, presents a unique investment opportunity. Shadow-anchored by a Safeway, this development-ready site boasts a prime location at the corner of Yelm Avenue and NE Plaza Drive, enjoying high visibility to over 18,000 vehicles daily. The property is zoned Commercial (C-1) and offers flexible usage potential. All off-site utilities and infrastructure are in place, expediting the development process. The site benefits from its proximity to numerous national retailers, including Rite Aid, Grocery Outlet, AutoZone, Dollar Tree, Taco Bell, Jack in the Box, Burger King, and Subway. This location offers ample parking and multiple access points. The surrounding area demonstrates strong demographics, with an average household income exceeding $100,000 annually within a 5-mile radius and a median home value under $400,000. This combination of high income and lower cost of living creates significant discretionary spending potential. The asking price is $1,500,000, translating to $32 per square foot. The property is offered as a fee simple ownership. This is an exceptional opportunity to capitalize on the growth of Yelm, WA, in a tax-free state.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.08 ac (47,045 SF)
APN 2273-01-10208
UPID US90-0114909

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2005
$11.2M
2001
Price N/A
1999
$9.2M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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