For Sale
$499,000
1519 W Broadway Ave, Spokane, WA 99201
Office Units
Property Size2,304 SF
Lot Size0.15 Acres
Price / SF$216.58
Days on Market200
Property Features for 1519 W Broadway Ave
General Information
Standard status
Active
Size
2,304 SF
Class
C
Lot size
0.15 Acres
Property subtype
Office
Building Details
Building Size
2,304 SF
Year Built
1900
Listing Agency:
Black Commercial, Inc.
Listed By:
John Powers · License #100306
(509) 622-3563
Source:
Naiblack
Added: Mar 26
Changed: Sep 9
Last Checked: Oct 9 at 5:48PM
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 Black Commercial, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- 2,304 SF ± Building Size
- Features 6 Private Offices
- 6,534 SF ± Site Size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,991
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,820
$659.8K
Cap Rate 7%
$471,300
$471.3K
Cap Rate 9%
$366,567
$366.6K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$51.1K $22.20/SF
− Vacancy
−$7.2K −$3.11/SF
EGI
$44.0K $19.09/SF
− OpEx
−$11.0K −$4.77/SF
NOI
$33.0K $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%
$659,820
Cap Rate 7%
$471,300
Cap Rate 9%
$366,567
Alternative Uses
Best Use
Office B
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,910
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this office units located?
The property is located at 1519 W Broadway Ave Spokane, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,304 SF ± Building Size; Features 6 Private Offices; 6,534 SF ± Site Size
