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    3835 Broadway Ave Moses Lake, WA 98837

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    3835 Broadway Ave Moses Lake, WA 98837

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    • Retail space
    • 980 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US90-1890493
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3835 Broadway Ave

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    980 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    110007061

    Description

    This exceptional investment opportunity encompasses a 1.68-acre portfolio of three parcels in Moses Lake, Washington, zoned for industrial use within city limits. The property includes a variety of existing structures suitable for diverse commercial and industrial applications. One parcel features a 980-square-foot building, constructed in 1950, previously used as a retail space and offering two bedrooms and one bathroom. This building also includes two additional outbuildings on a 0.17-acre lot and is fully fenced. Another parcel, spanning 0.29 acres, houses a separate commercial building with associated parking. A third parcel, encompassing 1.22 acres, contains a 1885-built, three-bedroom, two-bathroom house, a detached office shed with connected utilities, an enclosed shop, and an open-air utility building. The property boasts mature landscaping, sheds, and a patio, all within a fully fenced area. While the existing businesses will liquidate, leaving behind negotiated trade fixtures and containers, the buyer will be responsible for connecting all parcels to city water and sewer upon purchase. The total lot area is approximately 73,180 square feet. The seller will complete property cleanup upon sale. This versatile property presents a unique opportunity for redevelopment or continued use as a multi-faceted commercial and industrial complex. The property's location in Moses Lake, WA, offers convenient access to transportation and infrastructure. The APN is 110007061.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.2577274
    Latitude
    47.1436074

    Comparable in this City

    • Contact for pricing

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      Moses Lake Industrial/Retail Showroom

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      Prime Commercial Land in Moses Lake

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      Highway Frontage Automotive Dealership

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      Moses Lake Commercial Land

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    Similar Nearby for Sale

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      Moses Lake Retail Investment Property

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      Moses Lake Industrial/Retail Showroom

      11,800 SF building on 0.87 acres in Moses Lake, WA.
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    • $3,849,950
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      Prime Commercial Land in Moses Lake

      15.35 acre commercial property in a rapidly expanding retail district.
      94 W Central Dr, Moses Lake, WA 98837
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      Commercial Building in Central Moses Lake

      Centrally-located commercial building with flexible zoning and numerous possibilities.
      956 S Division St, Moses Lake, WA 98837
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    • $2,500,000

      Highway Frontage Automotive Dealership

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      Moses Lake Commercial Land

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    Similar Nearby for Lease

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      Retail Space in Pioneer Plaza

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      Retail Space in Moses Lake

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      Retail Space in Pioneer Plaza

      High-traffic retail space in grocery-anchored Pioneer Plaza.
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      Retail Space in Moses Lake

      Grocery-anchored retail sublease opportunity with ample parking.
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    • Contact for pricing

      Retail Pad Site For Rent

      Prime retail pad site in Moses Lake Town Center.
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    Moses Lake, WA 98837
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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