Medical Office with Flexible
1124 Pines, Spokane Valley, WA 99206
For Sale
Contact for pricing
Pending
A corner-site practice property offers adaptable rooms, ramp entry, secured outdoor storage, and on-site parking.
Property Size1,719 SF
Days on Market10
Property Features for 1124 Pines
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Garage Spaces: 0
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Avalon 24 Real Estate
Listed By:
Aryn Presta
(509) 998-0988
Source:
Clearwaterproperties
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 8:53AM
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 Avalon 24 Real Estate
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Investment Insights
Based on property information with market context.
This 1,719-square-foot medical office, built in 1982, occupies a corner parcel with entrances from 12th and Pines. The interior includes reception, two bathrooms, more than four offices, a conference or therapy room, at least two flexible exam rooms, and substantial storage. A covered ramp provides accessible entry to reception. The site also has gated private yard or storage space and paved parking for up to 15 vehicles.
The property has 122 feet of frontage along a major corridor and convenient access from I-90. A hospital, schools, and medical services are among the surrounding context. CMU (Corridor Mixed Use) zoning allows a range of business and development options.
The property has 122 feet of frontage along a major corridor and convenient access from I-90. A hospital, schools, and medical services are among the surrounding context. CMU (Corridor Mixed Use) zoning allows a range of business and development options.
Key Highlights
- 1,719‑square‑foot medical office built in 1982
- 122 feet of frontage along a major corridor; corner parcel with access from 12th and Pines
- CMU (Corridor Mixed Use) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,200
$368.2K
Cap Rate 7%
$263,000
$263.0K
Cap Rate 9%
$204,556
$204.6K
Market Conditions
NOI Build-Up for 1,719 SF
Gross rent
$28.9K $16.80/SF
− Vacancy
−$4.3K −$2.52/SF
EGI
$24.5K $14.28/SF
− OpEx
−$6.1K −$3.57/SF
NOI
$18.4K $10.71/SF
Area
Spokane Valley, WA
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,200
Cap Rate 7%
$263,000
Cap Rate 9%
$204,556
Alternative Uses
Best Use
Healthcare Medical
$275.0K
$240.7K – $320.9K
NOI $19,252 @ 7.0% cap
Second Best
Office B
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap
Theoretical Best
Office A
$373.4K
$326.8K – $435.7K
NOI $26,140 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dr Mom's Animal Clinic — 404 S Pines Rd, Spokane Valley, WA 99206
- Mountain Empire Veterinary Services — 12619 E Sprague Ave, Spokane Valley, WA 99216
Frequently Asked Questions
What type of property is this?
Medical Office Space - A corner-site practice property offers adaptable rooms, ramp entry, secured outdoor storage, and on-site parking.
Where is this medical office space located?
The property is located at 1124 Pines Spokane Valley, WA.
What are key features of this property?
This property features: 1,719‑square‑foot medical office built in 1982; 122 feet of frontage along a major corridor; corner parcel with access from 12th and Pines; CMU (Corridor Mixed Use) zoning
