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Building Details

Buildings 1

Building Size 1,200 SF

Listing Agency: TOK Commercial - Spokane Show Phone

Listed By: Kimberly Millet · License #WA,23027091 Show Phone

Source: Moodyscre

Added: Apr 16 Changed: Oct 11 Last Checked: Oct 14 at 11:13PM

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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 TOK Commercial - Spokane

Investment Insights

Based on property information with market context.

This storefront property includes a 1,200-square-foot building on 1.36 acres, with retail-facing space and a functional back office. The site is configured for commercial occupancy and includes utility connections near the street that may support future expansion or an additional income-producing use.

Located at 6063 Hwy 291 in Nine Mile Falls, the property has frontage along Highway 291. Business zoning accommodates multiple commercial use possibilities, subject to applicable requirements. The combination of a retail-oriented building, office functionality, acreage, and nearby utility connections provides a practical setup for an owner-user or commercial investment.

Key Highlights

• 1,200 SF building on 1.36 acres
• Retail frontage with functional back office
• Business zoning supports multiple commercial use possibilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,164

Cap Rate

2.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,280 $283.3K

Cap Rate 7%

$202,343 $202.3K

Cap Rate 9%

$157,378 $157.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$24.0K $20.04/SF

− Vacancy

−$5.2K −$4.30/SF

EGI

$18.9K $15.74/SF

− OpEx

−$4.7K −$3.93/SF

NOI

$14.2K $11.80/SF

Area

Spokane County, WA

Vacancy

21.47%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$283,280

Cap Rate 7%

$202,343

Cap Rate 9%

$157,378

Alternative Uses

Best Use

Office B

$202.3K

$177.1K – $236.1K (±1% cap)

NOI $14,164 @ 7.0% cap · market cap 2.83%

Second Best

Retail

$188.4K

$164.9K – $219.8K (±1% cap)

NOI $13,188 @ 7.0% cap · market cap 2.64%

Theoretical Best

Office A

$277.3K

$242.6K – $323.5K (±1% cap)

NOI $19,410 @ 7.0% cap · market cap 3.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Parts Store Law Firm Big Box & Wholesale Store Storage Facility

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Similar For Sale Nearby

See more

Storefront Property

10013 W Charles Rd, Nine Mile Falls, WA 99026

$595,000

0.96 Acres

View details

Storefront Property with Storage

12516 North Nine Mile Road, Nine Mile Falls, WA 99026

$580,000

5,193 SF

View details

Multi-Tenant Retail and Storage Center

5978 Highway 291, Nine Mile Falls, WA 99026

$3,300,000

7.96 Acres

View details

Frequently Asked Questions

What type of property is this?

Storefront property - Business-zoned storefront with a functional back office and utility connections positioned near the street.

Where is this storefront property located?

The property is located at 6063 Hwy 291 Nine Mile Falls, WA.

What is the asking price?

The asking price for this property is $499,999.

What are key features of this property?

This property features: 1,200 SF building on 1.36 acres; Retail frontage with functional back office; Business zoning supports multiple commercial use possibilities