Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    645 Broadway Ave Othello, WA 99344-1758

    • Retail space
    • 3,780 SF
    • 0.87 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2025
    $591,645
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2677615
    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

    • Retail space

    Property Details for 645 Broadway Ave

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.87 lot acres
    Property size
    3,780 SF
    Property type
    Retail space
    APN
    1-529-03-273-0002
    APU
    1529032730002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $605,000
      Market price range: $233k - $695k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $460,000
      Current use
      COMMERCIAL (GENERAL)
      $690,000
      Change: +51% Conversion: Easy
      AUTO REPAIR, GARAGE
      $380,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Othello
    County
    Adams
    State
    Washington
    Longitude
    -119.175
    Latitude
    46.8196
    CBSA code
    36830
    CBSA name
    OTHELLO, 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
    2023
    $5,367
    $111,700
    $375,900
    $487,600
    -
    $111,700
    $375,900
    $487,600

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      Othello, WA 99344

      RETAIL STORES (PERSONAL SERVICES) • 0.26 Acres
      Othello, WA 99344
      View Details
    • Value Estimation
      $1,080,000
      9,600 SF

      100 110th 120th 130th S 16th Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      100 110th 120th 130th S 16th Ave, Othello, WA 99344
      View Details
    • Value Estimation by Request
      2,692 SF

      97 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,692 SF
      97 1st Ave, Othello, WA 99344
      View Details
    • Value Estimation by Request
      1,056 SF

      135 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
      135 1st Ave, Othello, WA 99344-1303
      View Details
    • Value Estimation by Request
      1,900 SF

      36 1st Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,900 SF
      36 1st Ave, Othello, WA 99344-1302
      View Details
    • Value Estimation by Request
      1,024 SF

      134 Larch St

      RETAIL STORES (PERSONAL SERVICES) • 1,024 SF
      134 Larch St, Othello, WA 99344
      View Details

    Similar Nearby for Sale

    • $3,950,000
      80,000 SF

      Othello Industrial Property with Warehouses

      80,000 SF industrial property suitable for logistics and manufacturing.
      1535-1541 W Lee Rd, Othello, WA 99344
      View Details
    • $60,000
      924 SF

      Othello 55+ Community Home

      Two-bedroom home in a 55+ community near Potholes Lake.
      7788 Road F SE, Othello, WA 99344
      View Details
    • $1,825,000

      Industrial Facility on Highway 26

      20,000 SF industrial facility on 5 acres in Othello, WA.
      2148 Highway 26 W, Othello, WA 99344
      View Details
    • $7,500,000

      Prime Othello RV Campground Investment

      169-Site RV Park with Amenities
      6897 Highway 262, Othello, WA 99344
      View Details
    • $8,500,000
      435.20 Acres

      Prime Othello Farm - 435 Acres

      Irrigated farmland, dairy complex, excellent location.
      0 Steele Rd, Othello, WA 99344
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    645 Broadway Ave
    Othello, WA 99344-1758
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.