Renovated Historic Bank
For Sale
Contact for pricing
1415 Pioneer Hwy, Silvana, WA 98287
Renovated bank building in Silvana, ideal for spa services.
Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$349.96
Days on Market385
Property Features for 1415 Pioneer Hwy
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.06 Acres
Property subtype
RETAIL
Listing Agency:
Windermere R.E./J.S.
(425) 356-9177
Listed By:
Debra Barger Smith
(425) 356-9177
Source:
Moodyscre
Added: Jul 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:49AM
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 Windermere R.E./J.S.
Investment Insights
Based on property information with market context.
This renovated historic bank building is located in Silvana, a few miles west of Interstate 5 on Hwy 530. The building, approximately 1200 square feet, has been used for spa services for the past 18 years. Modern updates have been made throughout, including flooring, lights, and plumbing fixtures. Salon furniture and equipment, such as stylist chairs and wash stations, are available for separate purchase. Potential uses include a retail store, café, or office space. The property also features a Trex deck in the back and a shed for extra storage.
Key Highlights
- Renovated historic bank building with modern updates.
- Ideal location for spa services for the past 18 years.
- Located in the quaint town of Silvana, near Interstate 5.
Financial Insights For Specialty Retail
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 | $26.4k | $21.96 |
| − Vacancy | −$1.4k | −$1.21 |
| EGI | $24.9k | $20.75 |
| − OpEx | −$6.2k | −$5.19 |
| NOI | $18.7k | $15.56 |
1,200 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$266.8K
$233.5K – $311.3K
NOI $18,677 @ 7.0% cap · market cap 4.45%
Second Best
Retail
$241.6K
$211.4K – $281.8K
NOI $16,910 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$334.7K
$292.8K – $390.4K
NOI $23,426 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Renovated bank building in Silvana, ideal for spa services.
Where is this bank located?
The property is located at 1415 Pioneer Hwy Silvana, WA.
What is the asking price?
The asking price for this property is $419,950.
What are key features of this property?
This property features: Renovated historic bank building with modern updates.; Ideal location for spa services for the past 18 years.; Located in the quaint town of Silvana, near Interstate 5.
