Prime Commercial Property in
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1306 North Post Place, Spokane, WA 99201
Commercial property north of downtown Spokane with high visibility.
Property Size5,185 SF
Price / SF$212.15
Days on Market1031
Property Features for 1306 North Post Place
General Information
Standard status
Active
Size
5,185 SF
Class
B
Property subtype
Office
Building Details
Tenancy
Multi
Listing Agency:
Goodale & Barbieri
Listed By:
Ryan Oberg · License #WA B111788
(509) 344-4909
Source:
Crexi
Added: Dec 20, 2023
Changed: Oct 2
Last Checked: Oct 14 at 10:40PM
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 Goodale & Barbieri
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.
Located just north of downtown Spokane, WA, 1306 N Post St is a commercial property offering a blend of accessibility and visibility. The building is situated in a thriving and changing area, surrounded by a diverse range of amenities. The property has a size of 5185 square feet.
Key Highlights
- Prime commercial property location just north of downtown Spokane, WA
- Highly coveted location offering accessibility and visibility
- Situated in a thriving and changing area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,244
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,880
$1.5M
Cap Rate 7%
$1,060,629
$1.1M
Cap Rate 9%
$824,933
$824.9K
Market Conditions
NOI Build-Up for 5,185 SF
Gross rent
$115.1K $22.20/SF
− Vacancy
−$16.1K −$3.11/SF
EGI
$99.0K $19.09/SF
− OpEx
−$24.7K −$4.77/SF
NOI
$74.2K $14.32/SF
Area
Spokane, WA
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,880
Cap Rate 7%
$1,060,629
Cap Rate 9%
$824,933
Alternative Uses
Best Use
Office B
$1.06M
$928.1K – $1.24M
NOI $74,244 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,641 @ 7.0% cap · market cap 8.51%
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
971
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Commercial property north of downtown Spokane with high visibility.
Where is this office building located?
The property is located at 1306 North Post Place Spokane, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime commercial property location just north of downtown Spokane, WA; Highly coveted location offering accessibility and visibility; Situated in a thriving and changing area
