Auto Shop with Paint
1521 E Houston Ave, Spokane, WA 99217
For Sale
$334,999
A vented paint booth supports vehicle-related work on site.
Property Size2,881 SF
Price / SF$116.28
Days on Market39
Property Features for 1521 E Houston Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
shop doors
paint booth
Building Details
Building Size
Year Built
Stories
Listing Agency:
EXIT Real Estate Professionals
(509) 535-8400
Listed By:
Arianna Eugenio · License WA #22012788
(509) 671-6835
Source:
Ericksrealty
Added: Oct 2
Changed: Oct 26
Last Checked: Nov 9 at 3:25AM
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 EXIT Real Estate Professionals
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,881-square-foot auto shop at 1521 E Houston Ave has two shop doors and an installed paint booth with proper venting. The property was built in 1989.
Key Highlights
- 2,881‑square‑foot auto shop
- Two shop doors for vehicle access
- Installed paint booth with proper venting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,894
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,880
$597.9K
Cap Rate 7%
$427,057
$427.1K
Cap Rate 9%
$332,156
$332.2K
Market Conditions
NOI Build-Up for 2,881 SF
Gross rent
$46.7K $16.20/SF
− Vacancy
−$4.0K −$1.38/SF
EGI
$42.7K $14.82/SF
− OpEx
−$12.8K −$4.45/SF
NOI
$29.9K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,880
Cap Rate 7%
$427,057
Cap Rate 9%
$332,156
Alternative Uses
Best Use
Retail
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 8.92%
Second Best
Industrial
$239.5K
$209.5K – $279.4K
NOI $16,762 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,031 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99217, WA
19,298
Population
8,166
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
51.4 sq mi
ZIP Area
375
Density / Sq Mi
$71,807
Median Household Income
$43,267
Median Earnings
$1,267
Median Rent
$329,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Spokane County, WA
Properties on Market for Auto shops in Spokane County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- The Mobile Service Ark — 1603 E Rowan Ave, Spokane, WA 99207
- Aamco — 728 e decatur ave, spokane, wa 99208
- Nelson's Auto Repair-Towing — 627 E Francis Ave, Spokane, WA 99208
- Spokane Towing — 625 E Francis Ave, Spokane, WA 99208
- Patriot Automotive — 620 E Francis Ave, Spokane, WA 99208
Frequently Asked Questions
What type of property is this?
Auto shop - A vented paint booth supports vehicle-related work on site.
Where is this auto shop located?
The property is located at 1521 E Houston Ave Spokane, WA.
What is the asking price?
The asking price for this property is $334,999.
What are key features of this property?
This property features: 2,881‑square‑foot auto shop; Two shop doors for vehicle access; Installed paint booth with proper venting
