Downtown Mixed-Use
For Sale
$899,999
600 E Edison Ave, Sunnyside, WA 98944
Commercial Sale, Sunnyside, WA
Property Size6,875 SF
Lot Size0.19 Acres
Price / SF$130.91
Days on Market92
Property Features for 600 E Edison Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMCL GENERAL
Parking
11
Directions
GPS friendly. Go S on E Edison Ave from Yakima Valley Highway, follow until you get to downtown square, building will be to your right at the main intersection.
Standard status
Active
APN
22102524502
Size
6,875 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3219
Building Details
Year built
1920
Listing Agency:
EXP Realty, LLC Tri Cities
(888) 317-5197
Listed By:
Brittany Byma · License #PAC5149
(509) 830-7326
Added: Jun 7
Changed: Sep 4
Last Checked: Sep 6 at 12:06PM
MLS# 293631
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.
Located at 600 E Edison Ave in Sunnyside, this two-level mixed-use building dates to 1920 and sits on a 0.19-acre parcel. The lower floor is fully occupied by five commercial tenants representing a law office, nail salon, barber shop, hair salon, and cafe. The upper floor is configured as office space and provides additional area for a new or expanded commercial concept.
The property is positioned in downtown Sunnyside near Centennial Square and fronts community events, festivals, parades, and other public gatherings. Its commercial configuration combines existing occupancy on the lower level with an office-oriented upper floor, while COMMCL GENERAL zoning supports its commercial positioning.
The property is positioned in downtown Sunnyside near Centennial Square and fronts community events, festivals, parades, and other public gatherings. Its commercial configuration combines existing occupancy on the lower level with an office-oriented upper floor, while COMMCL GENERAL zoning supports its commercial positioning.
Key Highlights
- Two‑level mixed‑use building at 600 E Edison Ave, Sunnyside, WA 98944
- 0.19‑acre parcel with 6,875 square feet of property size
- Built in 1920
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
$73,183
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
8.13%
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%
$1,463,660
$1.5M
Cap Rate 7%
$1,045,471
$1.0M
Cap Rate 9%
$813,144
$813.1K
Market Conditions
NOI Build-Up for 6,875 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
$104.8K $15.24/SF
− Vacancy
−$7.2K −$1.05/SF
EGI
$97.6K $14.19/SF
− OpEx
−$24.4K −$3.55/SF
NOI
$73.2K $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%
$1,463,660
Cap Rate 7%
$1,045,471
Cap Rate 9%
$813,144
Alternative Uses
Best Use
Office B
$1.05M
$914.8K – $1.22M
NOI $73,183 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$995.8K
$871.4K – $1.16M
NOI $69,709 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,731 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
714
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property with occupied storefront space below and office space above for continued business use.
Where is this mixed-use property located?
The property is located at 600 E Edison Ave Sunnyside, WA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑level mixed‑use building at 600 E Edison Ave, Sunnyside, WA 98944; 0.19‑acre parcel with 6,875 square feet of property size; Built in 1920
