Downtown Mixed-Use
For Sale
$915,000
600 E Edison Ave, Sunnyside, WA 98944
Two-level commercial property with five occupied storefront tenants and additional office space on the upper floor.
Property Size6,875 SF
Price / SF$133.09
Days on Market63
Property Features for 600 E Edison Ave
General Information
Standard status
Active
Size
6,875 SF
Taxes and HOA fees
Annual Taxes
$3,218
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
EXP Realty, LLC Tri Cities
(509) 830-7326
Listed By:
Brittany Byma · License #22036447
(509) 830-7326
Source:
Exprealty
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 9 at 12:06PM
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 EXP Realty, LLC Tri Cities
Investment Insights
Based on property information with market context.
This two-level mixed-use commercial building at 600 E Edison Ave includes five operating businesses on the lower floor: a law office, nail salon, barber shop, hair salon, and café. The occupied storefront level provides an established tenant base, while the upper floor is arranged as office space and offers approximately 6,000 square feet for a future buildout or reconfiguration.
The property sits in downtown Sunnyside beside Centennial Square, placing it in the setting used for community events, festivals, parades, and other public gatherings. Its central position provides direct exposure to downtown activity and supports a combination of existing commercial occupancy and additional space for an owner’s planned use.
The property sits in downtown Sunnyside beside Centennial Square, placing it in the setting used for community events, festivals, parades, and other public gatherings. Its central position provides direct exposure to downtown activity and supports a combination of existing commercial occupancy and additional space for an owner’s planned use.
Key Highlights
- Five established lower‑level tenants include a law office, nail salon, barber shop, hair salon, and café
- Upper floor offers approximately 6,000 square feet of office space
- Located at 600 E Edison Ave in downtown Sunnyside
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
8.00%
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 8.00%
Second Best
Retail
$995.8K
$871.4K – $1.16M
NOI $69,709 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,731 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
564
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 five occupied storefront tenants and additional office space on the upper floor.
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 $915,000.
What are key features of this property?
This property features: Five established lower‑level tenants include a law office, nail salon, barber shop, hair salon, and café; Upper floor offers approximately 6,000 square feet of office space; Located at 600 E Edison Ave in downtown Sunnyside
