Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    18324 W Burnett Rd Nine Mile Falls, WA 99026

    View on Map
    Claim this Listing
    New
    For Sale
    $249,950

    LAND - Nine Mile Falls, WA

    Lot size:
    19.70 Acres
    Added:
    May 1, 2026
    Days on Market:
    7
    Last Refresh:
    May 7 at 5:06 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

    Taxes and HOA fees

    Tax Annual Amount
    1523

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Nick Grishko
    Nick Grishko

    Listing agent Nick Grishko License #95551

    Listing office Kelly Right Real Estate of Spokane 140 S ARTHUR ST STE 600, Spokane, WA

    Listing date May 1, 2026

    MLS# 202616480 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.

    HighLights

    • 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.
    • No CCRs (Covenants, Conditions, and Restrictions) offer building flexibility.
    • Animals allowed: Horses and farm animals are OK.
    • Includes a 14x24 metal roof "dry cabin" structure wired for a generator.

    Overview

    Treed Land Ready to Build

    This 19.70-acre lot, located approximately 30 minutes from downtown, the airport, or Fairchild Air Force Base, and 12 minutes from 7 Mile, is ready for a building project. The leveled building site is suitable for a home, shop, or barn. There are no CCRs. A 9 GPM well and Inland Power 400 amp service are already installed. 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 property features both flat and elevated areas, trees, and wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Nine Mile Falls
    County
    Spokane
    State
    Washington
    Longitude
    -117.66066
    Latitude
    47.76101

    Nearby Similar for Sale

    • $699,900

      6.69 Acres in Nine Mile Falls

      6.69 acres zoned R2 in Nine Mile Falls, WA.
      WA-291, Nine Mile Falls, WA 99026
      View Details
    • $129,000

      20 Acres Land in Summerlin

      Gated community land with views and easy access.
      6526 Summerlin Way, Nine Mile Falls, WA 99026
      View Details
    • $995,000

      Nine Mile Falls Wooded Acreage

      6.73 acres of wooded land near amenities.
      10203 N Nine Mile Rd, Nine Mile Falls, WA 99026
      View Details
    • $290,000

      Nine Mile Falls Land

      10 acres with power, well, and septic system installed.
      13952 N Dover Rd, Nine Mile Falls, WA 99026
      View Details
    • $220,000

      Nine Mile Falls Land Parcel

      Five-acre parcel with utilities and workshop in Nine Mile Falls.
      12812 N Dover Rd, Nine Mile Falls, WA 99026
      View Details
    • $260,000

      Land with Stunning 360 Views

      29+ acre parcel with well, views, and equestrian potential.
      6700 Saddle Mountain Way, Nine Mile Falls, WA 99026
      View Details
    • $135,000

      Land Near Suncrest and Nine Mile Falls

      5.55-acre retreat with building site near Long Lake.
      5880 Lot 3 Lower Weaver Way, Nine Mile Falls, WA 99026
      View Details
    • $154,900

      Land Near Suncrest and Falls

      5.64 acres with building sites, utilities, near Long Lake.
      5882 Lot 4 Lower Weaver Way, Nine Mile Falls, WA 99026
      View Details
    • $67,000

      Land Near Suncrest and Falls

      3.04 acres near Long Lake and Riverside State Park.
      58xx Lot 2 Lower Weaver Way, Nine Mile Falls, WA 99026
      View Details
    • $265,000

      Nine Mile Falls Land Parcel

      25-acre land parcel with utilities in Nine Mile Falls.
      228xx W Four Mound Rd, Nine Mile Falls, WA 99026
      View Details
    • $279,500

      Land For Sale

      Land available for purchase in Nine Mile Falls, Washington.
      18324 W Burnett Rd, Nine Mile Falls, WA 99026
      View Details
    • $110,000

      Nine Mile Falls Treed Land

      10 acres of treed land near Long Lake.
      Raven Ridge St, Nine Mile Falls, WA 99026
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 19.70 acre lot with well and power in Nine Mile Falls.
    Where is this residential land & home lot 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 $249,950.
    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
    We can help!
    Listing Contact
    Nick Grishko
    Nick Grishko
    Real Estate License ID: 95551
    Learn More
    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.
    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

    Thank You for Inquiry
    18324 W Burnett Rd, Nine Mile Falls, WA 99026
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!