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    Historic Downtown Flex Building Title is generated by Realmo AI

    129 S Crosby St, Tekoa, WA 99033

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    For Sale
    $110,000

    Two-story flex space with a storefront entrance, private parking, and bonus basement storage in downtown Tekoa.

    Type:Commercial
    Property size:
    1,600 SF
    Price / SF:
    $68/SF
    Added:
    Jun 6, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 7 at 1:45 am

    Property Features for 129 S Crosby St

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1909

    We can help!

    Listing Contact
    Rob Hudkins

    Listing agent Rob Hudkins

    Listing office REAL Broker LLC

    Listing date Jun 6, 2026

    Source Clearwaterproperties

    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 REAL Broker LLC

    HighLights

    • Historic 2‑story commercial building built in 1909 in downtown Tekoa
    • Approximately 1,600 SF of flexible space for office, retail, studio, or service‑based businesses
    • Main floor includes storefront entrance, large reception/gathering area, private office, restroom, and rear access to private parking
    • Upper level offers a meeting area, two additional rooms, and a second half bath
    • Basement includes additional storage and potential for expansion
    • Potential live‑work opportunity subject to applicable regulations

    Overview

    This historic two-story commercial building offers approximately 1,600 square feet of flexible interior space. The main level includes a storefront entrance, a large reception or gathering area, a private office, a restroom, and rear owner access that connects to private parking. The upper level features a meeting area, two additional rooms, and a second half bath. A basement is also included, providing additional storage or possible expansion space.

    Located in downtown Tekoa, the building is set up for customer-facing use on the ground floor with direct storefront access. Rear access and private parking support operations and day-to-day deliveries or staff entry. The property’s downtown setting can support a mix of service and retail activity based on the specific business plan.

    The layout is well suited for office and service-based businesses that want a public-facing front, along with private space upstairs for meetings and additional rooms. The building can also work as a retail or studio environment, given the storefront entrance and flexible room configurations. The property may offer live-work use potential, subject to applicable regulations.
    Location Intelligence

    Current Use by Public Records

    Paradigm Martial Arts Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tekoa
    County
    Whitman
    State
    Washington
    Longitude
    -117.07269
    Latitude
    47.227315

    Nearby Similar for Sale

    • $110,000
      1,600 SF

      Historic Two-Story Downtown Building

      Flexible office and retail space with storefront entry, private parking, and additional basement storage in downtown Tekoa.
      129 S Crosby St, Tekoa, WA 99033
      View Details
    • $125,000

      Insulated Flex Warehouse with Bays

      Insulated, propane-heated shop space with three roll-up bays, offices, and restrooms on a paved parking-ready lot.
      223 N Crosby St, Tekoa, WA 99033
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-story flex space with a storefront entrance, private parking, and bonus basement storage in downtown Tekoa.
    Where is this flex space located?
    The property is located at 129 S Crosby St Tekoa, WA.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Historic 2‑story commercial building built in 1909 in downtown Tekoa; Approximately 1,600 SF of flexible space for office, retail, studio, or service‑based businesses; Main floor includes storefront entrance, large reception/gathering area, private office, restroom, and rear access to private parking
    We can help!
    Listing Contact
    Rob Hudkins
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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