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    Historic Two-Story Downtown Building Title is generated by Realmo AI

    129 S Crosby St, Tekoa, WA 99033

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    New
    For Sale
    $110,000

    COMMERCIAL - Tekoa, WA

    Property size:
    1,600 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $68/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 129 S Crosby St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Basement
    Full
    Standard status
    Active
    APN
    117150005070000
    Size
    1,600 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Electric (Heating), Ductless (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1909
    Floors in Building
    2
    Building materials
    Brick, Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    Rob Hudkins
    Rob Hudkins

    Listing agent Rob Hudkins License #130977

    Listing office REAL Broker LLC 1400 112th Ave SE, Ste 100, Bellevue, WA

    Listing date Jun 3, 2026

    MLS# 202618591

    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

    • Approx. 1,600 SF historic two‑story commercial building in downtown Tekoa with flexible space for office, retail, studio, or service uses
    • Main floor includes storefront entrance, large reception/gathering area, private office, restroom, and rear owner access to private parking
    • Upper level offers a meeting area, two additional rooms, and a second half bath
    • Basement provides additional storage or potential for expansion
    • Construction materials include brick and stucco; roof is flat
    • Year built: 1909; electric heating and ductless heating, with window‑unit cooling

    Overview

    This historic two-story commercial building offers approximately 1,600 square feet of flexible interior space. The main floor includes a storefront entrance, a large reception and gathering area, a private office, a restroom, and rear owner access that connects to private parking. The upper level features a meeting area, two additional rooms, and a second half bath.

    The property is located in downtown Tekoa, providing a storefront-oriented frontage through the main level entrance. A rear access and private parking setup supports tenant or owner operations without relying solely on street access.

    With multiple rooms across both levels and additional basement space for storage or future expansion, the layout can accommodate a range of commercial uses, including office, retail, studio, or service-based businesses. The building also presents a potential live-work opportunity, subject to applicable regulations, offering a practical option for operators who want space for both business and day-to-day use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paradigm Martial Arts Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tekoa
    County
    Whitman
    State
    Washington
    Longitude
    -117.073207
    Latitude
    47.222636

    FAQs

    What type of property is this?
    Office building - Flexible office and retail space with storefront entry, private parking, and additional basement storage in downtown Tekoa.
    Where is this office building located?
    The property is located at 129 S Crosby St Tekoa, WA.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Approx. 1,600 SF historic two‑story commercial building in downtown Tekoa with flexible space for office, retail, studio, or service uses; Main floor includes storefront entrance, large reception/gathering area, private office, restroom, and rear owner access to private parking; Upper level offers a meeting area, two additional rooms, and a second half bath
    (855) 450-0442
    We can help!
    Listing Contact
    Rob Hudkins
    Rob Hudkins
    Real Estate License ID: 130977
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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