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    6320 197Th Ave Rochester, WA 98579
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    6320 197Th Ave, Rochester, WA 98579

    View on Map
    • Drive through restaurants
    • 2.36 lot acres
    Off-Market
    Property ID
    US90-1264845
    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

    • Drive through restaurants

    Property Details for 6320 197Th Ave

    Lot size
    2.36 lot acres
    Property type
    Drive through restaurants

    Description

    This exceptional 2.36-acre commercial land parcel presents a remarkable opportunity for retail development in the thriving Rochester, WA market. Located at 6320 197th Ave SW, this single-tenancy site boasts excellent visibility and accessibility due to its strategic frontage on Sargent Rd & 196th Ave. The property is zoned for commercial use, specifically catering to quick-service restaurants (QSR) and drive-thru establishments, making it ideal for businesses seeking high-traffic locations. The expansive lot size offers ample space for building construction and ample parking, ensuring a convenient experience for customers. Situated in Thurston County, this property benefits from a strong local economy and a growing population, promising significant return on investment. This land is available for lease, ground lease, sale, or build-to-suit options, providing flexibility to accommodate various business needs and development plans. The property's location in Rochester, WA, offers easy access to major transportation routes, further enhancing its appeal to potential tenants and investors. This is a rare opportunity to secure a prime commercial property in a rapidly developing area. The zip code is 98579. Serious inquiries are encouraged.

    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
    Rochester
    County
    Thurston
    State
    Washington
    Longitude
    -123.018429
    Latitude
    46.803914

    Comparable in this City

    • $83,831
      558,875 SF

      Prime Retail Land for Lease

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      211,266 SF

      Grand Mound Industrial Land Available

      Industrial land for lease near I-5 in Rochester, WA.
      6348 196Th Ave, Rochester, WA 98579
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      Commercial Land Lease Opportunity

      Ground lease opportunity in a fast-growing retail area.
      19843 Old Highway 99 SW, Rochester, WA 98579
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      460,000 SF

      Prime Land for Retail

      Retail opportunity in South Thurston County with excellent visibility.
      19635 Sargent Rd SW, Rochester, WA 98579
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      1,200 SF

      Rochester Industrial Land & Office

      4.5-acre lot, 1200 sq ft office, ready for business.
      6490 196th Ave SW Rochester, WA 98579, Rochester, WA 98579
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      Fenced Lot Near I-5

      Paved, fenced commercial lot with I-5 visibility for rent.
      5803 192Nd Ave Southwest, Rochester, WA 98579
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    Similar Nearby for Sale

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      Buildable Land in Great Location

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      9+ Acre Cleared Land Parcel

      Cleared, level 9+ acre lot in Grand Mound/Rochester, ready to build.
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      Shop/Community Building on Fenced Land

      2400 SF shop/community building with kitchen and RV hookups.
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    • $5,008,746
      690,862 SF

      Prime Light Industrial Land

      15.86 acres of light industrial land off I-5.
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      Pending

      Land Near Lucky Eagle Casino

      5.3 acre parcel adjoining Lucky Eagle Casino in Rochester.
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    • $250,000
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      Commercial Pad Ready for Business

      Business-ready commercial land near high-traffic area and developing I-5 exit.
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    Similar Nearby for Lease

    • $83,831
      558,875 SF

      Prime Retail Land for Lease

      High-traffic commercial land available for ground lease near I-5.
      19843 Old Highway 99 SW, Rochester, WA 98579
      View Details
    • Contact for pricing
      211,266 SF

      Grand Mound Industrial Land Available

      Industrial land for lease near I-5 in Rochester, WA.
      6348 196Th Ave, Rochester, WA 98579
      View Details
    • Contact for pricing

      Commercial Land Lease Opportunity

      Ground lease opportunity in a fast-growing retail area.
      19843 Old Highway 99 SW, Rochester, WA 98579
      View Details
    • Contact for pricing
      196,000 SF

      Rochester Industrial Land - 4.5 Acres

      Prime Thurston County industrial land, ready for development.
      6490 196th Ave SW Rochester, WA 98579, Rochester, WA 98579
      View Details
    • Contact for pricing

      Grand Mound Land Lease Opportunity

      Prime land for lease in Grand Mound, Washington.
      6222 197Th Ave SW, Rochester, WA 98579
      View Details
    • Contact for pricing
      82,328 SF

      Grand Mound Land Lease Opportunity

      Prime commercial land for lease in Grand Mound, Washington.
      6222 197Th Ave SW, Rochester, WA 98579
      View Details
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    6320 197Th Ave
    Rochester, WA 98579
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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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