Modern Two-Suite Retail
For Sale
$634,700
209 N 1st Street, Sunnyside, WA 98944
Commercial Sale, Sunnyside, WA
Property Size2,000 SF
Lot Size0.12 Acres
Price / SF$317.35
Days on Market257
Property Features for 209 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMCL GENERAL
Directions
Take I-82 W/US-12 W toward Benton City/Ellensburg. Take exit 67 toward Sunnyside.Turn right onto S 1st St. Turnright onto Sunnyside Ave.Turn left onto S 2nd St. Turnleft onto E Edison Ave. Turnright onto S 1st St.
Standard status
Active
APN
***
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
960
Building Details
Year built
2023
Listing Agency:
SVN Retter & Company
(509) 737-9429
Listed By:
Brenda Garibay · License #21026475
(509) 528-5549
Added: Jan 21
Changed: Sep 16
Last Checked: Oct 5 at 5:06AM
MLS# 289979
Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2023, this modern commercial building contains two retail suites totaling 2,000 SF. Suite A measures 1,050 SF and Suite B measures 950 SF, with both spaces delivered in vanilla shell condition. Each suite includes an ADA restroom, a rear exit, and front-facing retail doors and windows. The suites may also be joined into one larger configuration.
The property is zoned COMMCL GENERAL and provides convenient freeway access. It sits beside a planned fuel station and an operating drive-through coffee shop. The building supports retail or office use; Suite A is occupied by the landlord, while Suite B is available for lease.
The property is zoned COMMCL GENERAL and provides convenient freeway access. It sits beside a planned fuel station and an operating drive-through coffee shop. The building supports retail or office use; Suite A is occupied by the landlord, while Suite B is available for lease.
Key Highlights
- Two‑suite building totaling 2,000 SF
- Suite A: 1,050 SF; Suite B: 950 SF
- 2023 construction with vanilla shell interiors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,290
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,800
$425.8K
Cap Rate 7%
$304,143
$304.1K
Cap Rate 9%
$236,556
$236.6K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.5K $15.24/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$28.4K $14.19/SF
− OpEx
−$7.1K −$3.55/SF
NOI
$21.3K $10.64/SF
Area
Yakima County, WA
Vacancy
6.87%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,800
Cap Rate 7%
$304,143
Cap Rate 9%
$236,556
Alternative Uses
Best Use
Office B
$304.1K
$266.1K – $354.8K
NOI $21,290 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$289.7K
$253.5K – $338.0K
NOI $20,279 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$406.2K
$355.4K – $473.9K
NOI $28,431 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 98944, WA
22,412
Population
6,806
Households
3.3
Avg Household Size
29
Median Age
9%
College-Educated
59%
High-School Grad
544.6 sq mi
ZIP Area
41
Density / Sq Mi
$60,167
Median Household Income
$30,948
Median Earnings
$959
Median Rent
$230,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space with ADA restrooms, storefront glazing, rear exits, and adaptable retail or office use.
Where is this retail space located?
The property is located at 209 N 1st Street Sunnyside, WA.
What is the asking price?
The asking price for this property is $634,700.
What are key features of this property?
This property features: Two‑suite building totaling 2,000 SF; Suite A: 1,050 SF; Suite B: 950 SF; 2023 construction with vanilla shell interiors
