Retail
For Sale
$5,250,000
10502 E Montgomery Dr, Spokane Valley, WA 99206
Retail property with a substantial land component and established construction dating to 1985.
Property Size32,776 SF
Lot Size1.88 Acres
Days on Market45
Property Features for 10502 E Montgomery Dr
General Information
Standard status
Active
Size
32,776 SF
Lot size
1.88 Acres
Property subtype
Retail
Building Details
Building Size
32,776 SF
Year Built
1985
Listed By:
Chris Bell, SIOR
(509) 954-2001
Source:
Naiblack
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 7 at 9:24AM
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 Chris Bell, SIOR
Investment Insights
Based on property information with market context.
This retail space is located at 10502 E Montgomery Dr in Spokane Valley, Washington. The property includes approximately 1.88 acres of land, equivalent to about 82,080 SF, providing a substantial site component alongside the retail use. The improvements date to 1985.
Key Highlights
- Approximately 1.88 acres of land
- Approximately 82,080 SF site area
- Improvements constructed in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$303,952
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,079,040
$6.1M
Cap Rate 7%
$4,342,171
$4.3M
Cap Rate 9%
$3,377,244
$3.4M
Market Conditions
NOI Build-Up for 32,776 SF
Gross rent
$472.0K $14.40/SF
− Vacancy
−$37.8K −$1.15/SF
EGI
$434.2K $13.25/SF
− OpEx
−$130.3K −$3.97/SF
NOI
$304.0K $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%
$6,079,040
Cap Rate 7%
$4,342,171
Cap Rate 9%
$3,377,244
Alternative Uses
Best Use
Retail
$4.34M
$3.80M – $5.07M
NOI $303,952 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.12M
$6.23M – $8.31M
NOI $498,405 @ 7.0% cap · market cap 9.49%
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
386
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with a substantial land component and established construction dating to 1985.
Where is this retail space located?
The property is located at 10502 E Montgomery Dr Spokane Valley, WA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Approximately 1.88 acres of land; Approximately 82,080 SF site area; Improvements constructed in 1985
