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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    506 Wheeler Rd Moses Lake, WA 98837-1818

    • Drive through restaurants
    • 2,917 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0404652
    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.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 506 Wheeler Rd

    Year built
    2002
    Lot size
    0.47 lot acres
    Property size
    2,917 SF
    Property type
    Drive through restaurants
    APN
    100052000
    APU
    100052000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $420,000
      Market price range: $229k - $1.12M
      AI Estimate
      $310,000
      Market price range: $195k - $579k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Moses Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.27
    Latitude
    47.1314
    CBSA code
    34180
    CBSA name
    MOSES LAKE, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $71,726
    $494,451
    $566,177
    -
    $71,726
    $494,451
    $566,177

    Comparable in this City

    • Value Estimation
      $270,000
      4,698 SF

      1765 Kittleson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,698 SF
      1765 Kittleson Rd, Moses Lake, WA 98837-9749
      View Details
    • Value Estimation
      $385,000
      3,380 SF

      713 Stratford Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,380 SF
      713 Stratford Rd, Moses Lake, WA 98837-1597
      View Details
    • Value Estimation
      $265,000
      1,416 SF

      319 4th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,416 SF
      319 4th Ave, Moses Lake, WA 98837-1909
      View Details
    • Value Estimation
      $260,000
      703 SF

      423 Broadway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 703 SF
      423 Broadway Ave, Moses Lake, WA 98837-1918
      View Details
    • Value Estimation
      $290,000
      3,170 SF

      1795 Kittleson Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,170 SF
      1795 Kittleson Rd, Moses Lake, WA 98837-9749
      View Details
    • Value Estimation
      $230,000
      196 SF

      1317 Pioneer Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 196 SF
      1317 Pioneer Way, Moses Lake, WA 98837-2409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,360 SF

      Retail Building on Corner Lot

      3,360 SF retail building on 0.60-acre corner lot.
      1520 S Pioneer Way, Moses Lake, WA 98837
      View Details
    • $899,950
      3.76 Acres

      Moses Lake Commercial Land

      Prime 3.76-acre commercial parcel.
      0 Central Dr, Moses Lake, WA 98837
      View Details
    • $2,500,000
      11,176 SF

      Highway Frontage Automotive Dealership

      Automotive dealership with highway frontage in Moses Lake, Washington.
      2311 S Maiers Rd, Moses Lake, WA 98837
      View Details
    • $650,000
      7,000 SF

      Commercial Building in High-Traffic Area

      7,000 sq ft commercial building on 44,867 sq ft lot.
      440 S Melva Ln, Moses Lake, WA 98837
      View Details
    • $899,000

      Two Commercial Buildings on Broadway

      Two well-maintained commercial buildings on a single parcel.
      717 W Broadway Ave, Moses Lake, WA 98837
      View Details
    • $1,775,000

      Moses Lake Retail Investment Property

      Well-maintained commercial property leased to national retail chain.
      1201 S Pioneer Way, Moses Lake, WA 98837
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      79,850 SF

      Moses Lake Retail Center Opportunity

      High-traffic retail space available.
      1020 Stratford Rd, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      51,700 SF

      Moses Lake Retail Center Investment

      High-traffic retail space available.
      601 Pioneer Way, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      6,500 SF

      Moses Lake Retail Opportunity

      High-traffic retail space, 2,660 SF available
      2345 Maiers Rd, Moses Lake, WA 98837
      View Details
    • Contact for pricing
      11 SF

      Prime Commercial Land for Lease

      11.274 Acres of C2 Zoned Land Available
      Nwc Of Stratford & Vly Rd, Moses Lake, WA 98837
      View Details
    • $5,000 /Mo
      1 SF

      Commercial Land Near Retailers

      Commercial land for lease near WinCo, Walmart, Starbucks, and more.
      824 N Stratford Rd, Moses Lake, WA 98837
      View Details
    • Contact for pricing

      Commercial Land Near Retailers

      32,627 SF commercial land for rent near retailers.
      N Stratford Rd, Moses Lake, WA 98837
      View Details

    Property Visit Statistics

    • Visits by month
      25.0k
    • Visitors by month
      15.6k
    • Avg Time on site
      15 min
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    506 Wheeler Rd
    Moses Lake, WA 98837-1818
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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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