Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    125 Wamba Rd Prosser, WA 99350-9525
    Back to Search
    Property profile & analytics

    125 Wamba Rd, Prosser, WA 99350-9525

    View on Map
    • Assisted living facilities
    • 28,541 SF
    • 2.01 lot acres
    Off-Market
    Last Sale Dec 1, 2021
    $3,450,143
    Property ID
    US90-2710752
    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.
    Value Estimations
    $3,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Green Lake Senior Living Amber Hills / Nursing Home / Retirement Community

    Property Details for 125 Wamba Rd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    2.01 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    135944012273006
    APU
    135944012273006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 1, 2021 $5,073,034 Greenlake Prosser LLC Wamba Road Properties LLC Warranty Deed $2.5M · Bbcn Bank
    Dec 1, 2021 $3,450,143 Greenlake Prosser LLC Wamba Road Properties LLC Warranty Deed $2.5M · Bbcn Bank
    Dec 18, 2020 — Wamba Road Properties LLC — Deed · related $2.9M · Gesa Cu
    Dec 29, 2016 — Wamba Road Properties LLC — Deed · related $3.2M · Gesa Cu
    Oct 8, 2015 — Wamba Road Properties LLC — Trustees Deed · related $2.3M · Gesa FCU
    Jul 2, 2015 — Wamba Road Properties LLC Wamba Road Properties LLC Quit Claim Deed · related —
    Aug 23, 2012 — Wamba Road Properties LLC Den Hoed Parkway LLC Quit Claim Deed · related —
    Oct 17, 2011 — Den Hoed Parkway LLC Harry Properties LLC Deed In Lieu Of Foreclosure · related —
    Jul 28, 2010 — Harry Properties LLC — Loan Modification · related $1.6M · Umpqua Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,540,000
      ML approach
      $4,605,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,840,000
      APARTMENT HOUSE (5+ UNITS)
      $4,035,000
      OFFICE BUILDING
      $3,930,000
      RESTAURANT
      $3,325,000
      RETAIL STORES
      $2,630,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Prosser
    County
    Benton
    State
    Washington
    Longitude
    -119.778
    Latitude
    46.2154
    CBSA code
    28420
    CBSA name
    KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN 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
    $245,250
    $2,650,460
    $2,895,710
    -
    $245,250
    $2,650,460
    $2,895,710

    Comparable in this City

    • Value Estimation
      $1,875,000
      60,477 SF

      Prosser, WA 99350

      HOMES (RETIRED, NURSING)
      Prosser, WA 99350
      View Details
    • Value Estimation
      $1,670,000
      61,005 SF

      415 Petra Ave

      HOMES (RETIRED, NURSING)
      415 Petra Ave, Prosser, WA 99350-6017
      View Details
    • Value Estimation by Request

      125 Wamba Rd

      HOMES (RETIRED, NURSING)
      125 Wamba Rd, Prosser, WA 99350-9525
      View Details
    • Value Estimation by Request
      2.21 Acres

      Prosser, WA 99350

      INDUSTRIAL - VACANT LAND
      Prosser, WA 99350
      View Details
    • Value Estimation by Request
      18.98 Acres

      Prosser, WA 99350

      INDUSTRIAL - VACANT LAND
      Prosser, WA 99350
      View Details
    • Value Estimation by Request
      0.31 Acres

      Prosser, WA 99350

      PARKING GARAGE, PARKING STRUCTURE
      Prosser, WA 99350
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,400 SF

      Prosser Industrial Land with Residence

      4.06 acre industrial parcel with home and shop.
      139802 W Johnson Rd, Prosser, WA 99350
      View Details
    • Contact for pricing

      Downtown Prosser Professional Office Building

      Professional office building in downtown Prosser with high visibility.
      1109 Meade Ave, Prosser, WA 99350
      View Details
    • $450,000
      15.00 Acres

      Prosser WA Vineyard Land

      15 to 29-acre parcel in wine country.
      W Old Inland Empire Hwy, Prosser, WA 99350
      View Details
    • $135,000
      3.40 Acres

      Prosser View Lots For Sale

      Exclusive view lots near downtown Prosser, WA.
      1500 Nka Lots 5/6, Prosser, WA 99350
      View Details
    • $1,400,000
      0.40 Acres

      Prosser Office Building For Sale

      Commercial office building in Prosser, WA available for purchase.
      607 5Th St, Prosser, WA 99350
      View Details
    • $1,400,000
      0.34 Acres

      Prosser, WA Industrial Opportunity

      Commercial property for sale in Prosser, Washington.
      607 5Th St, Prosser, WA 99350
      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.
    125 Wamba Rd
    Prosser, WA 99350-9525
    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

    Thank You for Inquiry
    125 Wamba Rd, Prosser, WA, 99350
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!