Freestanding Drive-Through
For Sale
Contact for pricing
6525 E Broadway Ave, Spokane Valley, WA 99212
Masonry-built restaurant with pylon signage, on-site parking, and I-2 zoning for restaurant and other commercial uses.
Property Size3,175 SF
Lot Size0.77 Acres
Price / SF$295.43
Days on Market125
Property Features for 6525 E Broadway Ave
General Information
Standard status
Active
Size
3,175 SF
Total Parking Spaces
35
Lot size
0.77 Acres
Property subtype
RETAIL
Zoning
I-2
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Highway Access
Yes
Building Details
Year Built
1990
Buildings
1
Construction
masonry
Listing Agency:
Daines Capital
(509) 342-6206
Listed By:
Cayden Kerr · License ##24029593
(509) 342-6206
Source:
Moodyscre
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 9:41PM
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 Daines Capital
Investment Insights
Based on property information with market context.
The property consists of a freestanding 3,175-square-foot restaurant building on 0.77 acres. Constructed in 1990 with masonry materials, the improvements include a drive-through, 35 parking stalls, and a pylon sign. The layout and existing features support continued restaurant operations, while I-2 zoning allows a range of commercial uses.
Located at 6525 E Broadway Ave in Spokane Valley, the property sits near the Broadway Avenue and I-90 interchange, offering direct freeway access. Downtown Spokane is 5.6 miles away, and the surrounding area includes industrial, commercial, and service-oriented businesses. Its setting provides access to commuter, traveler, and daytime business activity.
Located at 6525 E Broadway Ave in Spokane Valley, the property sits near the Broadway Avenue and I-90 interchange, offering direct freeway access. Downtown Spokane is 5.6 miles away, and the surrounding area includes industrial, commercial, and service-oriented businesses. Its setting provides access to commuter, traveler, and daytime business activity.
Key Highlights
- 3,175‑square‑foot freestanding restaurant building on 0.77 acres
- Drive‑through configuration with 35 parking stalls
- Built in 1990 with masonry construction
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
$34,919
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
3.72%
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%
$698,380
$698.4K
Cap Rate 7%
$498,843
$498.8K
Cap Rate 9%
$387,989
$388.0K
Market Conditions
NOI Build-Up for 3,175 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
$49.5K $15.60/SF
− Vacancy
−$3.0K −$0.94/SF
EGI
$46.6K $14.66/SF
− OpEx
−$11.6K −$3.67/SF
NOI
$34.9K $11.00/SF
Area
Spokane Valley, WA
Vacancy
6.00%
Lease Rate
$15.60 /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%
$698,380
Cap Rate 7%
$498,843
Cap Rate 9%
$387,989
Alternative Uses
Best Use
Specialty Retail
$498.8K
$436.5K – $582.0K
NOI $34,919 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.7K
$603.5K – $804.7K
NOI $48,280 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
Market
Vacancy Rate% for Retail 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?
Drive through restaurant - Masonry-built restaurant with pylon signage, on-site parking, and I-2 zoning for restaurant and other commercial uses.
Where is this drive through restaurant located?
The property is located at 6525 E Broadway Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $938,000.
What are key features of this property?
This property features: 3,175‑square‑foot freestanding restaurant building on 0.77 acres; Drive‑through configuration with 35 parking stalls; Built in 1990 with masonry construction
