Licensed Assisted Living
New
For Sale
$879,000
10810 Klickitat, Spokane, WA 99208
A wheelchair-accessible care residence includes separate living areas and central heating and air conditioning.
Property Size3,777 SF
Price / SF$232.72
Days on Market3
Property Features for 10810 Klickitat
General Information
Standard status
Active
Size
3,777 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Indian Trail
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$5,620
Amenities
fireplace
central heating and A/C
wheelchair accessibility
laundry
Garage Spaces: 2
2
Building Details
Year Built
1994
Listing Agency:
John L Scott, Inc.
Listed By:
Kellen Huebner · License #22016620
(509) 455-8600
Source:
Clearwaterproperties
Added: Nov 4
Last Checked: Nov 6 at 7:06AM
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 John L Scott, Inc.
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Investment Insights
Based on property information with market context.
This 3,777-square-foot assisted living residence in Spokane has seven bedrooms across its main floor and finished basement. The upper level includes a kitchen, living room with fireplace, 2.5 bathrooms, and storage. Downstairs are three bedrooms, two bathrooms, another living room, laundry, and additional storage rooms. Central heating and air conditioning serve the home, and the roof was replaced in 2024. The property is wheelchair accessible and licensed for six residents, with four currently in place.
The residence is near a bus line, shops, restaurants, and medical facilities. The real estate and operating business are offered together.
The residence is near a bus line, shops, restaurants, and medical facilities. The real estate and operating business are offered together.
Key Highlights
- Licensed for 6 residents; 4 currently in place
- 3,777 square feet with 7 bedrooms and 4.5 bathrooms
- Finished basement includes 3 bedrooms, 2 bathrooms, laundry, living room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,566
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,320
$751.3K
Cap Rate 7%
$536,657
$536.7K
Cap Rate 9%
$417,400
$417.4K
Market Conditions
NOI Build-Up for 3,777 SF
Gross rent
$73.0K $19.32/SF
− Vacancy
−$4.7K −$1.24/SF
EGI
$68.3K $18.08/SF
− OpEx
−$30.7K −$8.14/SF
NOI
$37.6K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,320
Cap Rate 7%
$536,657
Cap Rate 9%
$417,400
Alternative Uses
Best Use
Apartment 5plus
$536.7K
$469.6K – $626.1K
NOI $37,566 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.5K
$852.7K – $1.14M
NOI $68,213 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 99208, WA
58,531
Population
24,273
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
95%
High-School Grad
48.7 sq mi
ZIP Area
1,202
Density / Sq Mi
$81,084
Median Household Income
$45,733
Median Earnings
$1,226
Median Rent
$414,000
Median Home Value
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- Vesta Adult Family Homes — 5910 W Red Cloud Ct, Spokane, WA 99208
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Frequently Asked Questions
What type of property is this?
Assisted living facility - A wheelchair-accessible care residence includes separate living areas and central heating and air conditioning.
Where is this assisted living facility located?
The property is located at 10810 Klickitat Spokane, WA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Licensed for 6 residents; 4 currently in place; 3,777 square feet with 7 bedrooms and 4.5 bathrooms; Finished basement includes 3 bedrooms, 2 bathrooms, laundry, living room, and storage
