Single-Tenant Freestanding
For Sale
Contact for pricing
10 E Crawford St, Deer Park, WA 99006
Freestanding, single-tenant office building is 100% occupied and completed with 2025 renovations to major building systems.
Property Size718 SF
Price / SF$383.01
Days on Market108
Property Features for 10 E Crawford St
General Information
Standard status
Active
Size
718 SF
Property subtype
OFFICE
Zoning
CC
Occupancy
100%
Additional Details
Office Units
1
Building Details
Year Renovated
2025
Tenancy
Single
Listing Agency:
Daines Capital
(509) 590-9114
Listed By:
Cayden Kerr · License ##24029593
(509) 342-6206
Source:
Moodyscre
Added: May 22
Changed: Aug 9
Last Checked: Sep 5 at 9:53AM
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.
This freestanding, single-tenant office building offers a turn-key, fully occupied setup. The property received recent renovations in 2025, including a new HVAC system, roof, windows, and exterior paint, supporting a well-maintained exterior and building envelope. It is available for sale as an office investment opportunity.
The building is located in Downtown Deer Park at 10 E. Crawford Ave, positioned along the area’s primary commercial corridor. The property is zoned CC and is situated within a walkable downtown environment with nearby amenities including restaurants, grocery stores, coffee shops, banks, and retail businesses.
Tours are available by appointment only, and the current tenant should not be disturbed. Financial information is available upon request.
The building is located in Downtown Deer Park at 10 E. Crawford Ave, positioned along the area’s primary commercial corridor. The property is zoned CC and is situated within a walkable downtown environment with nearby amenities including restaurants, grocery stores, coffee shops, banks, and retail businesses.
Tours are available by appointment only, and the current tenant should not be disturbed. Financial information is available upon request.
Key Highlights
- Freestanding, single‑tenant office building totaling 1,718 SF at 10 E. Crawford Ave in Downtown Deer Park
- 100% occupied with a tenant in place
- Renovations completed in 2025, including a new HVAC system, roof, windows, and exterior paint
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
$8,475
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
3.08%
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%
$169,500
$169.5K
Cap Rate 7%
$121,071
$121.1K
Cap Rate 9%
$94,167
$94.2K
Market Conditions
NOI Build-Up for 718 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
$14.4K $20.04/SF
− Vacancy
−$3.1K −$4.30/SF
EGI
$11.3K $15.74/SF
− OpEx
−$2.8K −$3.93/SF
NOI
$8.5K $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 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%
$169,500
Cap Rate 7%
$121,071
Cap Rate 9%
$94,167
Alternative Uses
Best Use
Office B
$121.1K
$105.9K – $141.3K
NOI $8,475 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$165.9K
$145.2K – $193.6K
NOI $11,614 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 99006, WA
13,711
Population
5,287
Households
2.6
Avg Household Size
43
Median Age
16%
College-Educated
94%
High-School Grad
164.1 sq mi
ZIP Area
84
Density / Sq Mi
$65,375
Median Household Income
$41,198
Median Earnings
$970
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding, single-tenant office building is 100% occupied and completed with 2025 renovations to major building systems.
Where is this office building located?
The property is located at 10 E Crawford St Deer Park, WA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Freestanding, single‑tenant office building totaling 1,718 SF at 10 E. Crawford Ave in Downtown Deer Park; 100% occupied with a tenant in place; Renovations completed in 2025, including a new HVAC system, roof, windows, and exterior paint
