Commercial Live-Work
1321 W Northwest Blvd Spokane, WA 99205
For Sale
Contact for pricing
Well-maintained commercial building with newer roof, fresh paint, ramp, and off-street parking options.
Property Size1,541 SF
Price / SF$227.13
Days on Market111
Property Features for 1321 W Northwest Blvd
General Information
- Standard status
- Active
- Size
- 1,541 SF
- Property subtype
- RETAIL
Listing Agency:
Sarbora, Inc - Designed Real Estate
(509) 768-7977
Listed By:
Katy Azar · License #SP52947
(509) 768-7977
Source:
Moodyscre
Added: Apr 6
Changed: Jul 22
Last Checked: Jul 22 at 12:34PM
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 Sarbora, Inc - Designed Real Estate
Investment Insights
Based on property information with market context.
This commercial building offers a flexible live-work and business layout, described as a turn-key spa option with two hair stations, a nail salon, and three upstairs spa rooms. The property is well maintained inside and out, with a newer roof installed within the last six months, fresh paint, and a ramp.
Located on Northwest Blvd in a high-traffic area with established businesses and surrounding neighborhoods. Parking is available with plenty of off-street spaces, along with some parking behind the building.
The seller notes the opportunity to purchase the building as a general commercial/business-zoned property, or as the provided spa configuration for an additional fee.
Located on Northwest Blvd in a high-traffic area with established businesses and surrounding neighborhoods. Parking is available with plenty of off-street spaces, along with some parking behind the building.
The seller notes the opportunity to purchase the building as a general commercial/business-zoned property, or as the provided spa configuration for an additional fee.
Key Highlights
- Commercial/business‑zoned building on very busy Northwest Blvd
- Option to buy building for $350,000 or purchase as a spa setup for $7,500 more
- Spa setup includes 2 hair stations, a nail salon, and 3 spa rooms upstairs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.2k | $22.20 |
| − Vacancy | −$4.8k | −$3.11 |
| EGI | $29.4k | $19.09 |
| − OpEx | −$7.4k | −$4.77 |
| NOI | $22.1k | $14.32 |
1,541 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$315.2K
$275.8K – $367.8K
NOI $22,066 @ 7.0% cap · market cap 6.30%
Second Best
Mixed Use
$262.9K
$230.1K – $306.8K
NOI $18,405 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$397.6K
$347.9K – $463.8K
NOI $27,830 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nailed by Angeleana
Nail Salon
Bris Esthetics
Hair Salon
Ginny’s Nails & More
Nail Salon
L. Boze Healing ...
Alternative Medicine Practice
A Nu-Yu Salon & Spa
Hair Salon
Similar Off Market Nearby
- Healthy YOU — 731 W Indiana Ave, Spokane, WA 99205
- Acupuncture Center For People — 1428 W Mansfield Ave, Spokane, WA 99205
- Hair by Claire — 1105 N Lincoln St, Spokane, WA 99201
- Elias Lu — 1212 N Post St, Spokane, WA 99201
- HealthSource of Spokane — 524 W Indiana Ave, Spokane, WA 99205
FAQs
What type of property is this?
Spa & wellness property - Well-maintained commercial building with newer roof, fresh paint, ramp, and off-street parking options.
Where is this spa & wellness property located?
The property is located at 1321 W Northwest Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial/business‑zoned building on very busy Northwest Blvd; Option to buy building for $350,000 or purchase as a spa setup for $7,500 more; Spa setup includes 2 hair stations, a nail salon, and 3 spa rooms upstairs
