118 E LAKE St, Medical Lake, WA 99022
COMMERCIAL - Medical Lake, WA
- Added:
- Apr 27, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 118 E LAKE St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 14184.2911
- Size
- 1,924 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1923
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1905
- Building materials
- Brick
- Roof type
- Flat
Listing agent Sarah Weaver License #23001149 (509) 458-4000
Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA (509) 458-4000
Listing date Apr 27, 2026
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the heart of Medical Lake, close to FAFB, Amazon, I90, and Eastern State Hospital.
- Versatile commercial building suitable for retail, office, restaurant/bar, salon, and other businesses.
- Fully equipped salon with eight hair stations, three backwash stations, three pedicure chairs, four nail stations, and a facial room.
- Plenty of off‑street parking.
- Durable brick construction.
- Natural gas forced air heating.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $20.04 |
| − Vacancy | −$8.3k | −$4.30 |
| EGI | $30.3k | $15.74 |
| − OpEx | −$7.6k | −$3.93 |
| NOI | $22.7k | $11.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medical Lake
- County
- Spokane
- State
- Washington
- Longitude
- -117.681869
- Latitude
- 47.57248526