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

    115 Grand Ave Pullman, WA 99163-2837

    • Retail space
    • 1,760 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2680913
    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

    • Krista Gross, REALTOR / Real Estate Agency / Real Estate Consultant
    • Le Papillon Wellness & Aesthetics / Wellness Program
    • Rockstar Body Bar / Airbrushing Service / Facial Spa
    • Mini Hot Pot by Mandarin House / Hot Pot Restaurant

    Property Details for 115 Grand Ave

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    1,760 SF
    Property type
    Retail space
    APN
    108150046030000
    APU
    108150046030000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.183
    Latitude
    46.7295
    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
    $2,985
    $62,500
    $150,832
    $213,332
    -
    $62,500
    $150,832
    $213,332

    Comparable in this City

    • Value Estimation by Request
      760 SF

      114 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 760 SF
      114 Grand Ave, Pullman, WA 99163-2606
      View Details
    • Value Estimation by Request
      2,964 SF

      1217 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      1217 Grand Ave, Pullman, WA 99163-2038
      View Details
    • Value Estimation by Request
      6,232 SF

      1000 Colorado St

      RETAIL STORES (PERSONAL SERVICES) • 6,232 SF
      1000 Colorado St, Pullman, WA 99163-4016
      View Details
    • Value Estimation by Request
      2,080 SF

      219 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      219 Main St, Pullman, WA 99163-2618
      View Details
    • Value Estimation by Request
      6.28 Acres

      1610 Eastgate Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6.28 Acres
      1610 Eastgate Blvd, Pullman, WA 99163-5625
      View Details
    • Value Estimation
      $1,030,000
      12,432 SF

      1096 Bishop Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,432 SF
      1096 Bishop Blvd, Pullman, WA 99163-5452
      View Details

    Similar Nearby for Sale

    • $649,000

      Downtown Pullman Retail Opportunity

      Vacant 5,900 SF building in revitalized downtown Pullman.
      320 East Main St, Pullman, WA 99163
      View Details
    • $11,995,000
      135,810 SF

      Pullman Retail Giant - 135,810 SF

      Massive retail space, prime location.
      400 Fairmount Dr, Pullman, WA 99163
      View Details
    • Contact for pricing

      Versatile Property with Leasing Options

      Office and retail leasing options available in prime location.
      588 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • $1,195,000
      5,710 SF

      Versatile Commercial Property on Grand

      Highly visible property with restaurant, retail, and apartment unit.
      127 N Grand Ave, Pullman, WA 99163
      View Details
    • $595,000
      3 SF

      Cannabis-Zoned Investment Property For Sale

      Fully leased, cannabis-zoned investment near Washington State and University of Idaho.
      5602 Wa-270, 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

    Similar Nearby for Lease

    • $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
    • $20 SF/Yr
      1,040 SF

      Retail Space For Lease

      Retail space with flexible layout and high visibility location.
      588-594 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • $18 SF/Yr
      1,002 SF

      Retail Space Near WSU Campus

      Retail space in mixed-use development near Washington State University.
      455 E Main St, Pullman, WA 99163
      View Details
    • $18 SF/Yr
      1,264 SF

      Retail Space For Rent

      Retail space available for lease in Pullman, Washington.
      395-425 NE Stadium Way, 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
    • $18 SF/Yr
      21,860 SF

      Retail Building Near Washington State

      Retail building near Washington State University available for lease.
      395 Northeast Stadium Way, 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.
    115 Grand Ave
    Pullman, WA 99163-2837
    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.