500 Valley Mall PkwyEast Wenatchee, WA 98802

Property Details for 500 Valley Mall Pkwy

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

5,000 SF

Zone code

2

Property type

Retail properties

Property subtype

Strip malls

APN

3700003003

APU

3700003003

Description

The Parkway Associates Building, located at 500 Valley Mall Pkwy, East Wenatchee, WA 98802, presents a compelling investment opportunity in a prime retail location. This 5,080 square foot shopping center boasts a strong 6.00% capitalization rate, generating a Net Operating Income (NOI) of $140,452. The asking price is $2,340,780. The property benefits from its excellent corner location, providing high visibility and accessibility. A significant advantage is the shared parking field with a thriving Petco, ensuring ample parking for tenants and customers. Its strategic position directly across from the Wenatchee Valley Mall further enhances its desirability and potential for attracting a diverse clientele. This well-situated shopping center offers a stable income stream and significant growth potential within a bustling retail environment. The property is classified as a retail shopping center and is situated in Douglas County, Washington. Its coordinates are 47.4106513 latitude and -120.2907652 longitude. This is an exceptional opportunity for investors seeking a high-return, well-located retail property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,551,213

  6.5%

  $1,431,888

  7%

  $1,329,611

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,246,031

  Geo Method

  $2,686,446

• Alternative Use

  Use

  Valuation

  Residential

  $1,207,852

  Hospitality

  $1,106,386

  Educational

  $920,500

  Medical

  $952,157

  Retail

  $1,431,888

Location Insight

City

East Wenatchee

County

Douglas

State

Washington

Latitude

47.4107

Longitude

-120.291

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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