www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27299352
27299366

461 NE Old Belfair Hwy, Belfair, WA 98528

JS
WA 109285
Force 10 Property Group
Listed by Force 10 Property Group
$1,600,000
278 days on market
Updated 45 days ago

Valley Feed - Belfair

Details
APN 123291290081
Property Type Industrial, Mixed Use (+1)
Sub Type Warehouse, retail (+1)
Square Footage 6,824
Year Built 2004
Year Renovated 2004
Buildings 2
Stories 1
Lot Size (SqFt) 52,272
Zoning County

Valley Feed - Belfair

Marketing description

The Opportunity: A Belfair Institution with a Competitive Moat

Own both the high-visibility real estate and the established brand equity of Valley Feed—the only dedicated feed and agricultural hub in the Belfair/North Mason trade area. For over 20 years, this business has served as a critical community pillar, securing a loyal, recurring customer base that spans livestock owners, pet enthusiasts, and commercial propane accounts.

Strategic Real Estate & Infrastructure

The 1.2-acre level site features 237 feet of prime highway frontage and excellent visibility in one of Belfair’s busiest corridors. The facility is engineered for high-volume agricultural retail, combining a ±3,224 SF storefront with a ±3,600 SF warehouse equipped with dock-high access, multiple overhead doors, and heavy-duty concrete floors. Built in 2004, the durable steel/wood frame and metal roof ensure low-maintenance, long-term functionality.

Proven Revenue & Diversified Income

Unlike standard retail, Valley Feed benefits from highly "sticky" revenue streams, including propane services (approx. 17% of annual sales) and exclusive boutique clothing lines like Carhartt. With consistent gross receipts exceeding $1.04M annually, the business demonstrates the stability required for modern bank underwriting and strong debt coverage.

Community Goodwill & Digital Social Presence

The acquisition includes significant "Blue Sky" value: a robust social media presence, high recommendation ratings, and a 20-year reputation for expert service. From the signature “Sip & Shop” events to its status as a local hub, the brand carries an intangible value that is difficult for any new competitor to replicate.

The Bottom Line

This is a rare, asset-backed investment offering a turn-key operation with a built-in regional monopoly. Valley Feed represents a strategic acquisition for an operator looking to step into a profitable legacy or an investor seeking a high-performing agricultural asset in a growing Washington market.

Investment highlights

Strategic Investment Highlights

  • Established Regional Monopoly: Valley Feed is the only dedicated feed and agricultural hub in the Belfair and North Mason trade area, providing a significant competitive "moat" that is difficult for new competitors to replicate.
  • Asset-Backed Investment: This is a rare opportunity to own both the high-visibility real estate and the established brand equity of a turn-key operation.
  • Strong Financial Performance: The business demonstrates consistent stability with annual gross receipts exceeding $1.04M.
  • Attractive Cap Rate: At a proposed $1.6M purchase price, the investment offers an 8.56% Cap Rate, a competitive "sweet spot" designed to attract serious buyers and satisfy bank underwriting requirements.
  • Diversified & "Sticky" Revenue Streams: Revenue is bolstered by services like propane (approximately 17% of annual sales) and exclusive clothing lines like Carhartt, ensuring recurring foot traffic.
  • Prime Real Estate Infrastructure: The 1.2-acre level site features 237 feet of highway frontage. The facility includes a ±3,224 SF storefront and a ±3,600 SF warehouse with dock-high access and heavy-duty concrete floors.
  • Durability and Low Maintenance: Built in 2004, the facility features a steel/wood frame and a metal roof, ensuring long-term functional use with minimal maintenance.
  • Significant "Blue Sky" Value: The acquisition includes a 20-year reputation, a robust social media presence, high recommendation ratings, and signature community events like "Sip & Shop".
  • Expansion Potential: The property is situated under MU (Mixed Use) zoning, supporting continued retail and agricultural operations in a growing Washington market.

Listing Contacts

JS
WA 109285
Force 10 Property Group
Listed by Force 10 Property Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591