Two-Level Office
For Sale
$595,000
1320 North Atlantic Street, Spokane, WA 99201
Two floors with separate secure access and restrooms on each level for flexible office operations.
Property Size3,000 SF
Price / SF$198.33
Days on Market106
Property Features for 1320 North Atlantic Street
General Information
Standard status
Active
Size
3,000 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,000 SF
Year Built
2000
Stories
2
Listing Agency:
SVN | Cornerstone
Listed By:
Matthew Byrd · License #WA #44400
(509) 499-9229
Source:
Svncornerstone
Added: Jun 25
Changed: Sep 9
Last Checked: Oct 7 at 9:41AM
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 SVN | Cornerstone
Investment Insights
Based on property information with market context.
This two-level office building totals 3,000 square feet, with approximately 1,500 square feet on each floor. Access between levels is provided by an internal staircase, and each floor can be secured from the other, supporting operational separation. Men’s and women’s restrooms are available on each level, adding convenience for occupants and visitors.
The property is offered for sale as a commercial office asset in Spokane, WA. Its configuration supports a straightforward office layout across two floors, with the added benefit of internal connectivity while still allowing independent floor control.
For tenants, investors, or owner-occupants, the ability to secure each floor separately can be useful for dividing space by department, accommodating different users, or managing access more independently. With restrooms on both levels and a compact two-floor footprint, the property is designed for practical day-to-day office use.
The property is offered for sale as a commercial office asset in Spokane, WA. Its configuration supports a straightforward office layout across two floors, with the added benefit of internal connectivity while still allowing independent floor control.
For tenants, investors, or owner-occupants, the ability to secure each floor separately can be useful for dividing space by department, accommodating different users, or managing access more independently. With restrooms on both levels and a compact two-floor footprint, the property is designed for practical day-to-day office use.
Key Highlights
- 3,000 SF building on two levels (1,500 SF per floor)
- Internal staircase provides access between levels
- Each floor can be secured from the other for separate use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,957
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,140
$859.1K
Cap Rate 7%
$613,671
$613.7K
Cap Rate 9%
$477,300
$477.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$66.6K $22.20/SF
− Vacancy
−$9.3K −$3.11/SF
EGI
$57.3K $19.09/SF
− OpEx
−$14.3K −$4.77/SF
NOI
$43.0K $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%
$859,140
Cap Rate 7%
$613,671
Cap Rate 9%
$477,300
Alternative Uses
Best Use
Office B
$613.7K
$537.0K – $716.0K
NOI $42,957 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.0K
$677.3K – $903.0K
NOI $54,180 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,090
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two floors with separate secure access and restrooms on each level for flexible office operations.
Where is this office building located?
The property is located at 1320 North Atlantic Street Spokane, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,000 SF building on two levels (1,500 SF per floor); Internal staircase provides access between levels; Each floor can be secured from the other for separate use
