Built-Out Restaurant with Commercial
For Sale
Contact for pricing
12119 E Trent Ave, Spokane Valley, WA 99206
Established restaurant for sale with a fully built-out commercial kitchen up to current code.
Property Size2,700 SF
Price / SF$203.70
Days on Market242
Property Features for 12119 E Trent Ave
General Information
Standard status
Active
Size
2,700 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Listing Agency:
Coldwell Banker Tomlinson
(509) 921-7400
Listed By:
Barb Pielli · License #41414
(509) 714-5071
Source:
Moodyscre
Added: Jan 9
Changed: Aug 10
Last Checked: Jul 23 at 5:00PM
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 Coldwell Banker Tomlinson
Investment Insights
Based on property information with market context.
This for-sale opportunity includes an established restaurant along with the underlying real property in Spokane Valley. The space features a fully built-out commercial kitchen that is up to current code, helping an incoming operator avoid the time and cost associated with new restaurant construction.
Financial information is available to qualified buyers upon execution of a Confidentiality Agreement.
The offering is presented as a restaurant property with commercial kitchen infrastructure already in place for continued foodservice operations.
Financial information is available to qualified buyers upon execution of a Confidentiality Agreement.
The offering is presented as a restaurant property with commercial kitchen infrastructure already in place for continued foodservice operations.
Key Highlights
- Established restaurant for sale with the underlying real property included
- Fully built‑out commercial kitchen up to current code
- Designed to help an incoming operator avoid time and costs associated with new restaurant construction
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
$29,695
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
5.40%
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%
$593,900
$593.9K
Cap Rate 7%
$424,214
$424.2K
Cap Rate 9%
$329,944
$329.9K
Market Conditions
NOI Build-Up for 2,700 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
$42.1K $15.60/SF
− Vacancy
−$2.5K −$0.94/SF
EGI
$39.6K $14.66/SF
− OpEx
−$9.9K −$3.67/SF
NOI
$29.7K $11.00/SF
Area
Spokane Valley, WA
Vacancy
6.00%
Lease Rate
$15.60 /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%
$593,900
Cap Rate 7%
$424,214
Cap Rate 9%
$329,944
Alternative Uses
Best Use
Specialty Retail
$424.2K
$371.2K – $494.9K
NOI $29,695 @ 7.0% cap · market cap 5.40%
Second Best
Industrial
$224.4K
$196.4K – $261.8K
NOI $15,709 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,057 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
238
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant for sale with a fully built-out commercial kitchen up to current code.
Where is this conventional restaurant located?
The property is located at 12119 E Trent Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Established restaurant for sale with the underlying real property included; Fully built‑out commercial kitchen up to current code; Designed to help an incoming operator avoid time and costs associated with new restaurant construction
