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222 Main St Colfax, WA 99111-1802

OFF-MARKET Office Spaces Google Maps
1,500 SF 0.05 ac lot Built 1976
Entity Owned Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US90-1917359

Property summary

AI-generated overview

This exceptional 2,400 square foot storefront at 222 S Main St, Colfax, WA 99111 (APN: 100400011070001) presents a lucrative investment opportunity. Priced at $490,000 ($204.17/sq ft), this established retail business includes all real estate, inventory, and fixtures, fittings, and equipment (FF&E). The current setup features a coffee shop, floral shop, and home decor elements, providing a diverse revenue stream. Key equipment includes an under-counter, two-head Mavam espresso machine and a walk-in cooler. All existing inventory is part of the sale. This property boasts an excellent location with high visibility on I-95, benefiting from an average daily traffic count of 10,000 vehicles. The business has cultivated a loyal customer base of approximately 10,000 individuals, offering significant potential for expansion and growth. This turnkey operation is ready for a new owner to step in and continue its success. The property is situated in Whitman County, Washington, and offers a rare chance to acquire a well-established business with significant assets in a high-traffic location. Don't miss this chance to own a thriving retail establishment.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,500 SF
Lot 0.05 ac (2,250 SF)
APN 100400019010001
UPID US90-1917359

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop Specialty Food Shop
  • Telecommunications Service
  • (Bike/Boat/Book/etc) Store Florist
  • Cafe & Coffee Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

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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