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Property profile & analytics
OFF-MARKET
Parking lots & garages

14600 468th SE Ave North Bend, WA 98045-8762

1.8 ac lot
Entity Owned 30-yr Hold ~ Est. High Equity
Property ID
US90-2015372
Property summary
AI-generated overview

This exceptional 4.4-acre commercial land parcel presents a rare investment opportunity in North Bend, Washington. Located at 14600 SE 468th Ave SE, this property boasts a highly desirable location with convenient access to Interstate 90, placing it within easy reach of major transportation routes. The land is zoned for Business and Commercial use, offering significant development potential. With a total area of 191,665 square feet (4.4 acres), the site is large enough to accommodate a variety of projects. Currently improved with a 44-room, two-story motel built in 1987 and significantly renovated in 1990, this property offers flexibility for redevelopment. The property's proximity to key attractions such as the Snoqualmie Summit Ski Resort, Snoqualmie Falls, Salish Lodge & Spa, Ken's Truck Town, Seattle East Travel Plaza, and the North Bend Factory Outlet enhances its appeal. All four parcels comprising this property are serviced by sewer. The asking price is $12,000,000. The Assessor's Parcel Number (APN) is 2267500080. Rent bumps are permitted. This presents a unique chance to acquire a prime development site in a high-traffic area with significant growth potential.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 1.8 ac (78,408 SF)
Zoning code IC
APN 226750-0080
UPID US90-2015372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Edgewick Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Korchina Co INC · 30 yrs held
Korchina Co INC
since 1996
3 recorded transactions
1996
$2.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IC · North Bend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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