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22 Palmer Ave Loomis, WA 98827-9726

Turn key restaurants Google Maps
3,240 SF 0.52 ac lot Built 2009
Individually Owned 15-yr Hold ~ Est. High Equity
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US90-1986625

Property summary

AI-generated overview

This versatile commercial property in Loomis, WA, presents a unique investment opportunity. Previously a thriving restaurant and bar, the building boasts a spacious beer garden ideal for outdoor events and gatherings. Its prime location ensures high visibility and attracts a steady stream of customers. Adding to its appeal are nine designated RV spaces, complete with a laundry facility, showers, and restrooms, catering to both travelers and local residents. The property's location in a popular recreational area, offering access to snowmobiling, hiking, fishing, hunting, and camping, further enhances its potential. The building's spacious layout offers ample room for various commercial ventures, allowing for either a continuation of its existing use or a complete transformation into a new business. The existing infrastructure, including the RV park amenities, provides a solid foundation for a variety of business models. This property is ready for a new owner to capitalize on its existing features and the thriving community it serves. The high visibility location and diverse amenities make this a truly exceptional opportunity in a desirable small-town setting. The potential for growth and profitability is significant, making this an attractive investment for those seeking a unique and established commercial property.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2009
Total area 3,240 SF
Lot 0.52 ac (22,651 SF)
APN 811100002
UPID US90-1986625

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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