Financial
Distress signals
Property profile

315 Main Ave E Soap Lake, WA 98851

FOR SALE
Retail space
Property ID
US90-1248148
4,460 SF Built 1910
Last sale Aug 2007 · $130,000
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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315 Main Ave E, Soap Lake, WA 98851 For Sale
Contact for pricing 4,460 SF
315 Main Ave E, Soap Lake, WA 98851
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Property summary

AI-generated overview

Located in downtown Soap Lake, this multi-use building totals approximately 4,460 square feet and includes a street-facing storefront of about 1,000 square feet with an entrance on the main street, suitable for retail, office, or service use. A separate rear portion of the building, entered independently, is laid out in a spa or massage-style configuration with multiple rooms designed to support either separate tenancies or use as a single business. Additional square footage includes a basement…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$138k
Assessed land$25k
Assessed improvement$113k

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$64k
Vacancy & credit loss−$6k
Operating expenses−$17k
NOI · 8.52% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$88/SF
County average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$55 – $136

Cap rate analysis

How does the asset earn?
8.52%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRANT

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.6
Electrical Service8.6
Storage Facility8.2

Location

315 Main Ave E Soap Lake, WA 98851
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
330 Main E, Soap Lake, WA 98851 $335,000 Sep 2023 3,230 SF
21 Division S, Soap Lake, WA 98851 $395,000 Apr 2022 1,554 SF
117 Main E, Soap Lake, WA 98851 $83,000 Dec 2021 2,650 SF
110 Daisy S, Soap Lake, WA 98851-9119 $150,000 Nov 2021 2,000 SF
331 Main E, Soap Lake, WA 98851 $138,000 Oct 2018 1,448 SF
115 Daisy S, Soap Lake, WA 98851-9119 $400,000 Oct 2018 17,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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