Building Details

Year Built 1984

Listing Agency: Best Choice Realty LLC

Listed By: Monica Desautel · License #91849 Show Phone

Source: Hanshagmeier

Added: Jan 26 Changed: Oct 2 Last Checked: Oct 7 at 2:43PM

Report an Issue

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 Best Choice Realty LLC

Investment Insights

Based on property information with market context.

This commercial building, constructed in 1984, offers 2,000 square feet of space on a 2,562 square foot lot. The property benefits from high visibility and accessibility, potentially ensuring consistent customer traffic. Previously operated as a salon for decades, the space includes five salon stations, two wash stations, three drying stations, a manicure chair station with a pedicure spa chair, and a private facial/massage room. Additional features include an employee break room, a utility room, and an ADA-accessible bathroom. The property also offers room for business expansion and benefits from ample street parking. The building is located in Grand Coulee and is suitable for a salon or other retail business.

Key Highlights

• High visibility and accessibility in a great location.
• Equipped salon ready for immediate operation.
• Rare opportunity to own a commercial building in the heart of Grand Coulee.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,144

Cap Rate

8.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,880 $362.9K

Cap Rate 7%

$259,200 $259.2K

Cap Rate 9%

$201,600 $201.6K

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$28.8K $14.40/SF

− Vacancy

−$2.9K −$1.44/SF

EGI

$25.9K $12.96/SF

− OpEx

−$7.8K −$3.89/SF

NOI

$18.1K $9.07/SF

Area

Grant County, WA

Vacancy

10.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,880

Cap Rate 7%

$259,200

Cap Rate 9%

$201,600

Alternative Uses

Best Use

Retail

$259.2K

$226.8K – $302.4K (±1% cap)

NOI $18,144 @ 7.0% cap · market cap 8.25%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$434.5K

$380.2K – $506.9K (±1% cap)

NOI $30,413 @ 7.0% cap · market cap 13.82%

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

Storefront properties

Suggested Use

Top Pick Building Supply Dental Office Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

211

Businesses Nearby

12k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 74% Shops & Services 18% Dining 8%

Safeway Groceries

8,990 visits/mo 0.2 miles

Hometown Pizza Dining

1,004 visits/mo 0.4 miles

Les Schwab Tire Center Shops & Services

990 visits/mo 0.1 miles

Jess Ford Shops & Services

637 visits/mo 0.3 miles

Napa Auto Parts Shops & Services

584 visits/mo 0.1 miles

Demographics for 99133, WA

1,476

Population

847

Households

1.7

Avg Household Size

52

Median Age

30%

College-Educated

90%

High-School Grad

182.5 sq mi

ZIP Area

8

Density / Sq Mi

$49,625

Median Household Income

$48,011

Median Earnings

$703

Median Rent

$221,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

School Campus Redevelopment Property

412 Federal Ave, Grand Coulee, WA 99133

$1,300,000

View details

Mixed-Use Property with Industrial Shop

113 Midway Ave, Grand Coulee, WA 99133

$1,400,000

View details

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building with salon infrastructure in a high-visibility location.

Where is this storefront property located?

The property is located at 217 Main St Grand Coulee, WA.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: High visibility and accessibility in a great location.; Equipped salon ready for immediate operation.; Rare opportunity to own a commercial building in the heart of Grand Coulee.