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Property profile & analytics
OFF-MARKET Estimated value $1,155,000
Commercial real estate

24817 Wellesley Ave Otis Orchards, WA 99027-9769

3,200 SF 2.39 ac lot Built 1990
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0556707
Property summary
AI-generated overview

This exceptional Otis Orchards-East Farms property offers 7,200 square feet of combined warehouse and executive office space, perfect for a variety of businesses. Situated on a spacious 74,480 square foot lot, this light industrial zoned (LI) property features two single-story buildings constructed in 1990. The buildings are available for lease individually or together, providing flexibility for tenants. The total building area is approximately 7,200 square feet, with a minimum divisible space of 3,200 square feet. Currently, the entire 7,200 square feet is vacant and ready for immediate occupancy. The western building encompasses approximately 4,000 square feet of office space and 2,500 square feet of warehouse space, while the eastern building offers approximately 535 square feet of office space and 2,665 square feet of warehouse space. The property's address is 24817 E Wellesley Ave, Otis Orchards-East Farms, WA 99027, and its APN is 56354.9210. This versatile property presents a unique opportunity for businesses seeking a combination of office and warehouse space in a desirable location. The property's size and layout offer significant potential for customization to meet specific business needs. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1990
Total area 3,200 SF
Lot 2.39 ac (104,120 SF)
APN 56354.9210
UPID US90-0556707
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.16M
Owner & transaction history
Dennis Pollock · 1 yrs held
Dennis Pollock
since 2025
Last sale
$1.1M
5 recorded transactions
2025
$1.1M
2022
Price N/A
2022
$990,000
2012
$340,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $860,000 +76.8%
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