NKA Bull Rd

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NKA Bull Rd

Ellensburg, WA 98926
Asking Price
$2.38M
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 16.24 acres of land in Ellensburg
  • Total site area comprises 707,414 square feet
  • Designated as residential land for development purposes
  • Market position leverages regional growth in Kittitas County
  • Asking price for the Bull Road site is $2,375,000

What's Special

Priced at $2,375,000, this 16.24-acre parcel on Bull Road presents a significant development prospect in Ellensburg, Washington. Spanning 707,414 square feet, the site offers substantial scale for residential use. Ellensburg serves as a key hub in Kittitas County, benefitting from its proximity to Central Washington University and access to major regional thoroughfares like Interstate 90. This location connects the area to the broader Pacific Northwest economy while maintaining the character of a growing inland community. The property is well-positioned for investors or developers seeking to capitalize on the increasing demand for housing in this expanding market. The expansive footprint allows for versatile site planning, suitable for various residential project scopes. Given the current development landscape in the region, this land represents a practical acquisition for those looking to expand their portfolio in a stable and accessible submarket.

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NOI
$80,000
Cap Rate
3.37%
DSCR
0.57
Underwater
Cash-on-Cash
-8.56%
Monthly Payment
$11,750.204
Annual Cash Flow
$-61,002.45

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