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    18402 Jare St Rochester, WA 98579
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    Property profile & analytics

    18402 Jare St Rochester, WA 98579

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    • Commercial real estate
    • 6.85 lot acres
    Off-Market
    Property ID
    US90-1115333
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 18402 Jare St

    Lot size
    6.85 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.85-acre industrial development site presents a compelling investment opportunity in Rochester, Washington. Strategically located with direct I-5 frontage, this property offers unparalleled accessibility and visibility. Zoned RCC (Rural Commercial), the land is primed for a variety of commercial and industrial uses, including warehouse facilities, cross-dock operations, and other commercial ventures. The site's significant acreage provides ample space for large-scale development projects. A key advantage is the availability of rail service along the east side, providing additional logistical capabilities. The asking price is $1,995,000, translating to a land value of $6.49 per square foot. This property's location, zoning, and infrastructure make it an attractive prospect for developers seeking a high-impact location in a growing area. The address is 18402 Jare St SW, Rochester, WA 98579, within Thurston County. Detailed site plans and further information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Thurston
    State
    Washington
    Longitude
    -122.998536
    Latitude
    46.82007

    Comparable in this City

    • $1,400,000

      16 Acres with I-5 Frontage

      16 acres with I-5 frontage, development potential, includes home.
      5945 Ivan Way SW, Rochester, WA 98579
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      Secluded Wooded Land Near Olympia

      7+ acre retreat near Olympia, ideal for home or campsite.
      12630 183Rd Ave Southwest, Rochester, WA 98579
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    • $250,000
      19,166 SF

      Commercial Pad Ready for Business

      Business-ready commercial land near high-traffic area and developing I-5 exit.
      19603 Vision SW, Rochester, WA 98579
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    • $1,675,000
      342,817 SF

      Land for Sale

      Large land parcel available for purchase.
      19701 Bear View Ln SW, Rochester, WA 98579
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      10.4 acres of level commercial land with development potential.
      18215 SW Sargent Rd, Rochester, WA 98579
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    • Contact for pricing

      Buildable Land in Great Location

      10-acre land parcel ready for building your dream home.
      18820 Roseburg St SW, Rochester, WA 98579
      View Details

    Similar Nearby for Sale

    • $1,400,000

      16 Acres with I-5 Frontage

      16 acres with I-5 frontage, development potential, includes home.
      5945 Ivan Way SW, Rochester, WA 98579
      View Details
    • Contact for pricing

      Secluded Wooded Land Near Olympia

      7+ acre retreat near Olympia, ideal for home or campsite.
      12630 183Rd Ave Southwest, Rochester, WA 98579
      View Details
    • $250,000
      19,166 SF

      Commercial Pad Ready for Business

      Business-ready commercial land near high-traffic area and developing I-5 exit.
      19603 Vision SW, Rochester, WA 98579
      View Details
    • $1,675,000
      342,817 SF

      Land for Sale

      Large land parcel available for purchase.
      19701 Bear View Ln SW, Rochester, WA 98579
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      10.4 acres of level commercial land with development potential.
      18215 SW Sargent Rd, Rochester, WA 98579
      View Details
    • Contact for pricing

      Buildable Land in Great Location

      10-acre land parcel ready for building your dream home.
      18820 Roseburg St SW, Rochester, WA 98579
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Regional Distribution Center For Lease

      Class A distribution center with parking, located near exit.
      6802 196Th Ave Southwest, Rochester, WA 98579
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      Industrial Space Near I-5

      Light industrial space in opportunity zone, near I-5.
      6348 SW 196Th Ave, Rochester, WA 98579
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    • Contact for pricing
      460,000 SF

      Prime Land for Retail

      Retail opportunity in South Thurston County with excellent visibility.
      19635 Sargent Rd SW, Rochester, WA 98579
      View Details
    • $83,831
      558,875 SF

      Prime Retail Land for Lease

      High-traffic commercial land available for ground lease near I-5.
      19843 Old Highway 99 SW, Rochester, WA 98579
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      Ground lease opportunity in a fast-growing retail area.
      19843 Old Highway 99 SW, Rochester, WA 98579
      View Details
    • Contact for pricing
      196,000 SF

      Rochester Industrial Land - 4.5 Acres

      Prime Thurston County industrial land, ready for development.
      6490 196th Ave SW Rochester, WA 98579, Rochester, WA 98579
      View Details
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    18402 Jare St
    Rochester, WA 98579
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    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
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