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Property profile

312 2nd St Wapato, WA 98951

OFF-MARKET
Medical Office Space
Property ID
US90-1245704
4,888 SF 0.27 ac lot Built 1935
Individually Owned 26-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional commercial property, located at 312 W 2nd St in Wapato, WA, presents a fantastic investment opportunity. The building boasts a generous 4,000 square feet of versatile space, ideal for a variety of commercial uses. Situated on a sizable 0.27-acre lot, the property offers ample room for expansion, parking, or outdoor activities. The asking price is $286,000, representing a compelling value in the current market. The property's prime location in Wapato provides excellent visibility and accessibility, making it an attractive option for businesses seeking a strong foothold in the community. The building's substantial size and flexible layout allow for customization to suit diverse business needs. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Serious inquiries are encouraged to explore the potential of this exceptional investment. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to secure a valuable asset in a dynamic market. Further details and viewing arrangements can be made upon request. This property is being offered as-is.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1935
Construction WOOD
Total area 4,888 SF
Lot 0.27 ac (11,761 SF)
Zoning code BCOM
APN 191115-12413
UPID US90-1245704

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 1999
Last sale
$262,500
1 recorded transaction
1999
$55,000

Zoning & alternative use

BCOM · Wapato, WA

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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