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    1551 Deer Heights Rd, Spokane, WA 99224

    View on Map
    For Sale
    $225,000

    Automotive space with lift, clubhouse access, near Hwy 2.

    Property size:
    1,200 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $187/SF
    Added:
    Apr 15, 2026
    Days on Market:
    82
    Last Refresh:
    Jun 29 at 5:08 pm

    Property Features for 1551 Deer Heights Rd

    General Information

    Standard status
    Active
    Property type
    Auto shops, Automotive properties, Retail properties & Spaces, Commercial real estate
    Size
    1,200 SF
    Lot size
    0.03 Acres

    Building Details

    Year Built
    2023

    We can help!

    Contact an agent
    Eurtis Henry

    Listing agent Eurtis

    Listing office

    Listing date Apr 15, 2026

    Local Financial Insights For 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 $19.4k $16.20
    − Vacancy −$1.7k −$1.38
    EGI $17.8k $14.82
    − OpEx −$5.3k −$4.45
    NOI $12.5k $10.38
    1,200 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $177.9K
    $155.6K – $207.5K (±1% cap)
    NOI $12,451 @ 7.0% cap · market cap 5.53%
    Second Best
    Industrial
    $99.7K
    $87.3K – $116.4K (±1% cap)
    NOI $6,982 @ 7.0% cap · market cap 3.10%
    Theoretical Best
    Office A
    $309.6K
    $270.9K – $361.2K (±1% cap)
    NOI $21,672 @ 7.0% cap · market cap 9.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Garage Lodge Storage Facility Detail Bros Spokane ... Car Wash CDA National Car Dealership

    Suggested Use

    Hair Salon Spa & Massage Center Pharmacy Accounting Firm Bar & Pub Building Supply Skin Care Clinic Kitchen & Bath Showroom Barber Shop Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Automotive Angels — 10606 W Sunset Hwy, Airway Heights, WA 99001
    • Auto repair DAn — 1917 S Hayford Rd, Spokane, WA 99224
    • Dan's Total Automotive — 1519 s hayford rd, spokane, wa 99224
    • Crash Champions Collision Repair Spokane Hayford — 2607 S Hayford Rd, Spokane, WA 99224
    • Automotive Systems — 2306 S Hayford Rd, Airway Heights, WA 99001

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.550258
    Latitude
    47.641455

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    FAQs

    What type of property is this?
    Auto shop - Automotive space with lift, clubhouse access, near Hwy 2.
    Where is this auto shop located?
    The property is located at 1551 Deer Heights Rd Spokane, WA.
    What is the asking price?
    The asking price for this property is $225,000.
    (832) 760-0019
    We can help!
    Contact an agent
    Eurtis Henry
    Learn More
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