10505 N Newport Hwy, Spokane, WA
14,900 SF retail building on 3.23-acre lot for sale.
- Added:
- Aug 26, 2025
- Days on Market:
- 289
- Last Refresh:
- May 20 at 9:07 pm
Property Features for 10505 N Newport Hwy
General Information
- Standard status
- Active
- Size
- 14,900 SF
- Lot size
- 3.23 Acres
- Property subtype
- RETAIL
Listing agent Carl Guenzel (509) 755-7543
Listing office Kiemle Hagood (509) 755-7543
Listing date Aug 26, 2025
Source Moodyscre
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 Kiemle Hagood
HighLights
- High‑traffic North Spokane location with excellent visibility and accessibility
- Large ±3.23‑acre lot
- Single‑tenant building with ±14,900 SF
- Proximity to strong surrounding retailers, including YMCA and Northpoint Plaza
- Well‑established commercial corridor
- Strong neighborhood demographics
Overview
Local Financial Insights For Retail
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 | $241.4k | $16.20 |
| − Vacancy | −$20.5k | −$1.38 |
| EGI | $220.9k | $14.82 |
| − OpEx | −$66.3k | −$4.45 |
| NOI | $154.6k | $10.38 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Frivolity Flowers — 11717 N King Arthur Dr, Spokane, WA 99218
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.4
- Latitude
- 47.7544
