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Property profile & analytics
FOR LEASE
Retail space

460 N Wilbur Ave Walla Walla, WA 99362

58,552 SF 3.48 ac lot Built 1972
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-1965403
Property summary
AI-generated overview

Eastgate Marketplace, located at 460-520 N Wilbur Ave in Walla Walla, WA 99362, offers exceptional retail space in a thriving shopping center. This single-story, 53,290 square foot building boasts a prime location with high visibility and significant daily traffic exceeding 9,077 vehicles on Wilbur Avenue. The property is currently configured as a multi-tenant strip center with a mix of established businesses, including Albertsons, Cascade, Staples, Harbor Freight Tools, and Starbucks as neighboring anchors. There are two available spaces, with a minimum divisible space of 1,747 square feet and a maximum contiguous space of 16,000 square feet. A total of 15,318 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The Net Net Net (NNN) lease includes electricity, water/sewer, and trash services. This property is situated in Walla Walla County and offers excellent potential for businesses seeking high-traffic exposure in a well-established retail environment. The property's single-story design provides easy accessibility and ample parking for customers. This is an exceptional opportunity to establish or expand your business in a strong retail market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Total area 58,552 SF
Lot 3.48 ac (151,589 SF)
APN 360722220080
UPID US90-1965403
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
Current use
Occupant on record · Public records
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$1.87M
Owner & transaction history
Rh Eastgate Marketplace Associates · 6 yrs held
Rh Eastgate Marketplace Associates
since 2019
4 recorded transactions
2019
$4.2M
2016
Price N/A
2015
Price N/A
2006
$9.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $3.1M +47.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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