Retail
New
For Sale
$1,550,000
12122 East 1st Avenue, Spokane Valley, WA 99206
A Spokane Valley commercial property along East 1st Avenue.
Property Size7,250 SF
Price / SF$213.79
Days on Market2
Property Features for 12122 East 1st Avenue
General Information
Standard status
Active
Size
7,250 SF
Property subtype
Retail
Building Details
Building Size
7,250 SF
Listing Agency:
Black Commercial, Inc.
Listed By:
Clayton Crockett · License #WA #24003030
(509) 622-3573
Source:
Naiblack
Added: Oct 11
Last Checked: Oct 11 at 2:37PM
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 Black Commercial, Inc.
Investment Insights
Based on property information with market context.
This retail property contains approximately 7,250 SF of building area. It is located at 12122 East 1st Avenue in Spokane Valley, Washington.
Key Highlights
- Approximately 7,250 SF of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,234
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,680
$1.3M
Cap Rate 7%
$960,486
$960.5K
Cap Rate 9%
$747,044
$747.0K
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$104.4K $14.40/SF
− Vacancy
−$8.4K −$1.15/SF
EGI
$96.0K $13.25/SF
− OpEx
−$28.8K −$3.97/SF
NOI
$67.2K $9.27/SF
Area
Spokane Valley, WA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,680
Cap Rate 7%
$960,486
Cap Rate 9%
$747,044
Alternative Uses
Best Use
Retail
$960.5K
$840.4K – $1.12M
NOI $67,234 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,246 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
766
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A Spokane Valley commercial property along East 1st Avenue.
Where is this retail space located?
The property is located at 12122 East 1st Avenue Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 7,250 SF of building area
