Spokane Valley Commercial Office
1210 N Argonne Rd Spokane Valley, WA 99212
1210 N Argonne Rd, Spokane Valley, WA, 99212
$995,000
For Sale
$995,000
COMMERCIAL - Spokane Valley, WA
Property Size5,456 SF
Lot Size0.58 Acres
Price / SF$182.37
Days on Market588
Property Features for 1210 N Argonne Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Basement
- Partial, Partially Finished
- Standard status
- Active
- APN
- 45172.0809
- Size
- 5,456 SF
- Lot size
- 0.58 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1976
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agency
First Look Real Estate
(509) 928-3413
Listed by
Ken Lewis · License #12833
(509) 928-3413
Added: Dec 12, 2024 Updated: May 12 at 1:32PM Checked: Jul 23 at 12:06AM
MLS# 202426417
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.
Investment Insights
Based on property information with market context.
This 5456 square foot commercial property is located in Spokane Valley, WA. The property features between one and four contractable or expandable spaces. It contains four restrooms and is equipped with two gas furnaces with air conditioning. The layout includes up to 20 private offices. There are 20 parking spaces available, with additional street parking. The property is situated on a 0.58-acre lot. The property may be suitable for a dentist or doctor's office.
Key Highlights
- Prime location suitable for medical or dental practice.
- Large 5456 sq ft space with up to 20 private offices.
- Flexible layout with 1 to 4 contractable or expandable spaces.
Local Financial Insights For Healthcare Medical
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 | $111.3k | $20.40 |
| − Vacancy | −$9.5k | −$1.73 |
| EGI | $101.8k | $18.67 |
| − OpEx | −$40.7k | −$7.47 |
| NOI | $61.1k | $11.20 |
5,456 SF · lease $20.40/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$872.9K
$763.8K – $1.02M
NOI $61,105 @ 7.0% cap · market cap 6.14%
Second Best
Office B
$834.8K
$730.4K – $973.9K
NOI $58,434 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,966 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - 5456 SF commercial space with up to 20 private offices.
Where is this medical office space located?
The property is located at 1210 N Argonne Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location suitable for medical or dental practice.; Large 5456 sq ft space with up to 20 private offices.; Flexible layout with 1 to 4 contractable or expandable spaces.
