Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    18324 W Burnett Rd Nine Mile Falls, WA 99026

    Sponsored
    For Sale
    $279,500

    LAND - Nine Mile Falls, WA

    Lot size:
    19.70 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 20 at 6:06 am

    Property Features for 18324 W Burnett Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    16083.9048
    Lot size
    19.70 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Jared Urbick

    Kelly Right Real Estate of CDA (509) 489-7000

    Listing agent Jared Urbick (509) 262-4178

    Listing date Feb 11, 2026

    MLS# 202611990 Listing URL

    Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Treed Land in Nine Mile Falls

    This 19.70-acre lot, located approximately 30 minutes from downtown, the airport, and Fairchild Air Force Base, and 12 minutes from 7 Mile, is situated in Nine Mile Falls, Washington. The property features a leveled building site suitable for a home, shop, or barn. A 9 GPM well and Inland Power 400 amp service are already installed. The property has no CCRs, and horses and farm animals are permitted. A 14x24 metal roof "Dry Cabin" structure is located on the southeast corner of the property and is wired for a generator. The land includes both flat and elevated areas, with abundant trees and wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Nine Mile Falls
    County
    Spokane
    State
    Washington
    Longitude
    -117.661862
    Latitude
    47.760135

    Nearby Similar for Sale

    • $3,065,967
      10,566 SF

      NNN Dollar General Investment Opportunity

      Absolute NNN Dollar General with 14+ years of guaranteed lease.
      6003 Wa-291, Nine Mile Falls, WA 99026
      View Details
    • $3,065,967
      10,566 SF

      NNN Dollar General Investment Opportunity

      Freestanding Dollar General in Nine Mile Falls with long-term lease.
      6003 Highway 291, Nine Mile Falls, WA 99026
      View Details
    • Contact for pricing
      1,494 SF

      Sundance Meadows Manufactured Home

      Modern home in Nine Mile Falls with community amenities.
      10518 N Jimmy Dr, Nine Mile Falls, WA 99026
      View Details

    FAQs

    What type of property is this?
    Land - 19.70 acre lot with well and power installed.
    Where is this land located?
    The property is located at 18324 W Burnett Rd Nine Mile Falls, WA.
    What is the asking price?
    The asking price for this property is $279,500.
    What are key features of this property?
    This property features: - Large 19.70 acre treed lot with leveled building site.; - Essential utilities already installed: 9 GPM well and 400 amp Inland Power service.; - Convenient location: Approximately 30 minutes to downtown, airport, and Fairchild Air Force Base; 12 minutes to 7 Mile.
    (509) 489-7000
    Request Owner's contact information
    18324 W Burnett Rd Nine Mile Falls, WA 99026
    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.
    18324 W Burnett Rd
    Nine Mile Falls, WA 99026
    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
    18324 W Burnett Rd Nine Mile Falls, WA 99026
    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

    We can help!
    Listing Contact
    Jared Urbick
    (509) 489-7000 (509) 262-4178
    Learn more
    Google sign-in failed. Please try again or use another login method.