Storefront
10013 W Charles Rd, Nine Mile Falls, WA 99026
For Sale
$595,000
The building dates to 1942 and sits on a substantial parcel.
Property Size3,482 SF
Lot Size0.96 Acres
Days on Market46
Property Features for 10013 W Charles Rd
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Black Commercial, Inc.
Listed By:
John Powers · License WA #100306
(509) 622-3563
Source:
Naiblack
Added: Sep 26
Changed: Nov 5
Last Checked: Nov 10 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Commercial, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property was built in 1942 and occupies a lot of approximately 42,030 SF. It is located at 10013 W Charles Rd in Nine Mile Falls, Washington.
Key Highlights
- ± 42,030 SF lot
- Built in 1942
- Located at 10013 W Charles Rd, Nine Mile Falls, WA 99026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,268
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,360
$765.4K
Cap Rate 7%
$546,686
$546.7K
Cap Rate 9%
$425,200
$425.2K
Market Conditions
NOI Build-Up for 3,482 SF
Gross rent
$57.2K $16.44/SF
− Vacancy
−$2.6K −$0.74/SF
EGI
$54.7K $15.70/SF
− OpEx
−$16.4K −$4.71/SF
NOI
$38.3K $10.99/SF
Area
Spokane County, WA
Vacancy
4.50%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,360
Cap Rate 7%
$546,686
Cap Rate 9%
$425,200
Alternative Uses
Best Use
Retail
$546.7K
$478.4K – $637.8K
NOI $38,268 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$804.6K
$704.0K – $938.7K
NOI $56,321 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99026, WA
9,347
Population
3,623
Households
2.6
Avg Household Size
48
Median Age
28%
College-Educated
97%
High-School Grad
63.1 sq mi
ZIP Area
148
Density / Sq Mi
$98,125
Median Household Income
$48,693
Median Earnings
$1,110
Median Rent
$477,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Spokane County, WA
Properties on Market for Storefront properties in Spokane County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - The building dates to 1942 and sits on a substantial parcel.
Where is this storefront property located?
The property is located at 10013 W Charles Rd Nine Mile Falls, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: ± 42,030 SF lot; Built in 1942; Located at 10013 W Charles Rd, Nine Mile Falls, WA 99026
