CMU-Zoned Office
For Sale
Contact for pricing
12121 E Broadway Ave, Spokane Valley, WA 99206
Built in 1985, this office property occupies a compact footprint within a center offering shared amenities.
Property Size4,621 SF
Lot Size0.09 Acres
Price / SF$227.22
Days on Market67
Property Features for 12121 E Broadway Ave
General Information
Standard status
Active
Size
4,621 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Zoning
CMU
Building Details
Year Built
1985
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Tim Kestell · License #84800
(509) 755-7542
Source:
Moodyscre
Added: Aug 20
Changed: Oct 14
Last Checked: Oct 24 at 5:07PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains approximately 4,621 square feet and was constructed in 1985. The property occupies an approximately 0.09-acre lot, equivalent to about 3,835 square feet, providing a compact footprint for commercial operations. Its Corridor Mixed Use (CMU) zoning supports the property’s commercial setting.
Located at 12121 E Broadway Ave in Spokane Valley, the building is part of a center with shared amenities. The property is offered for sale or lease and may suit an owner-user, investor, or tenant seeking office space in an established commercial center.
Located at 12121 E Broadway Ave in Spokane Valley, the building is part of a center with shared amenities. The property is offered for sale or lease and may suit an owner-user, investor, or tenant seeking office space in an established commercial center.
Key Highlights
- Approximately 4,621 SF office building
- Corridor Mixed Use (CMU) zoning
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,491
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,820
$989.8K
Cap Rate 7%
$707,014
$707.0K
Cap Rate 9%
$549,900
$549.9K
Market Conditions
NOI Build-Up for 4,621 SF
Gross rent
$77.6K $16.80/SF
− Vacancy
−$11.6K −$2.52/SF
EGI
$66.0K $14.28/SF
− OpEx
−$16.5K −$3.57/SF
NOI
$49.5K $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%
$989,820
Cap Rate 7%
$707,014
Cap Rate 9%
$549,900
Alternative Uses
Best Use
Office B
$707.0K
$618.6K – $824.9K
NOI $49,491 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.4K – $1.17M
NOI $70,269 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,589
Businesses Nearby
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 Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Built in 1985, this office property occupies a compact footprint within a center offering shared amenities.
Where is this office building located?
The property is located at 12121 E Broadway Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 4,621 SF office building; Corridor Mixed Use (CMU) zoning; Built in 1985
