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    Property profile & analytics

    2005 Lewis St Pasco, WA 99301

    • Retail space
    • 5,919 SF
    • 0.86 lot acres
    For Sale
    View listing
    $8,502
    Value Estimation
    Last Sale
    Jun 20, 2024
    $620,000
    Location Intelligence
    Property ID
    US90-1904026
    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

    • Panchos Heating & Cooling LLC / Air Conditioning Repair Service / Furnace Repair Service

    Property Details for 2005 Lewis St

    Year built
    1957
    Lot size
    0.86 lot acres
    Property size
    5,919 SF
    Property type
    Retail space
    APN
    119481026
    APU
    119481026

    Description

    This exceptional retail property, situated at 2005 W Lewis St in Pasco, WA, presents a unique investment opportunity. Boasting a prominent corner location at the intersection of Lewis Street and 20th Avenue, this property benefits from high daily traffic counts exceeding 13,000 vehicles. The 1.16-acre lot offers significant visibility and accessibility, making it ideal for a variety of retail uses. The building itself comprises approximately 5,900 square feet of office space, 2,400 square feet of shop space, and 448 square feet of storage, totaling over 8,700 square feet. The open floor plan allows for flexible layouts to accommodate diverse business needs. A substantial and secure lay-down yard is located behind the building, providing ample additional space for storage or operations. Previously occupied by a retail tenant, this property is ready for immediate occupancy, with availability commencing March 1st, 2025. The asking price is $8502, translating to an attractive price per square foot of $11.66. The property's proximity to Highway 395 ensures convenient access for customers and employees. The building can be subdivided into separate suites, offering further flexibility for potential tenants. Detailed plans and options for splitting the space are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $710,000
      6.5%
      $665,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $575,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $585,000
      Mixed-Use
      $740,000
      Hospitality
      $690,000
      Educational
      $745,000
      Residential Income
      $665,000
      Energy
      $555,000
      Income-Based Land
      $570,000
      Food Service
      $660,000

    Location Insight

    • Map
    • Local Demand
    City
    Pasco
    County
    Franklin
    State
    Washington
    Longitude
    -119.119
    Latitude
    46.2302
    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
    2021
    $5,118
    $264,700
    $435,100
    $699,800
    -
    $264,700
    $435,100
    $699,800

    Comparable in this City

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      3275 Travel Plz Way

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      801 A St

      STORE, RETAIL OUTLET • 20,735 SF
      801 A St, Pasco, WA 99301-6312
      View Details
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      2601 Ct St

      RETAIL STORES (PERSONAL SERVICES) • 432 SF
      2601 Ct St, Pasco, WA 99301-3971
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    • Value Estimation
      $515,000
      1,480 SF

      510 Clark St

      RETAIL STORES (PERSONAL SERVICES) • 1,480 SF
      510 Clark St, Pasco, WA 99301-5522
      View Details
    • Value Estimation
      $585,000
      2,955 SF

      415 Columbia St

      RETAIL STORES (PERSONAL SERVICES) • 2,955 SF
      415 Columbia St, Pasco, WA 99301-5636
      View Details

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      Pasco Retail Property for Sale

      Retail property in Pasco, WA, with commercial zoning.
      2804 W Lewis St, Pasco, WA 99301
      View Details
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      0.03 Acres

      Pasco Retail Space For Sale

      Retail property in Pasco, WA available for purchase.
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    2005 Lewis St
    Pasco, WA 99301
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    Realmo Value Estimation

    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.

    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.

    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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