C-2 Mixed-Use
1625 S Hayford Rd, Spokane, WA 99224
For Sale
$939,000
Existing early-century residence with adaptable interior areas and commercial zoning for owner-user or redevelopment concepts.
Property Size6,056 SF
Lot Size4.39 Acres
Price / SF$155.05
Days on Market48
Property Features for 1625 S Hayford Rd
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Neighborhood
Additional Details
Land Use
Building Details
Year Built
Listing Agency:
Engel & Volkers Western Frontier
Listed By:
Carly Sweet · License #DB55284
(509) 434-8597
Source:
Clemensregroup
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 7 at 12:59PM
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 Engel & Volkers Western Frontier
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Investment Insights
Based on property information with market context.
This 4.39-acre mixed-use property includes a 6,056-square-foot residence constructed in 1910. The existing improvement offers generous interior areas, preserved early-century features, and updates that support a range of potential configurations. The property may suit an owner-user, live-work arrangement, office conversion, specialty business, or future redevelopment, subject to applicable approvals and buyer verification.
C-2 commercial zoning provides the framework for evaluating potential commercial uses, while the expansive grounds offer room to consider parking, outdoor operations, storage, expansion, or phased development. The property is located at 1625 S Hayford Rd in Spokane, Washington, along the city's west-side corridor. Buyers should independently verify permitted uses, utilities, access, zoning compliance, and development potential.
C-2 commercial zoning provides the framework for evaluating potential commercial uses, while the expansive grounds offer room to consider parking, outdoor operations, storage, expansion, or phased development. The property is located at 1625 S Hayford Rd in Spokane, Washington, along the city's west-side corridor. Buyers should independently verify permitted uses, utilities, access, zoning compliance, and development potential.
Key Highlights
- 4.39‑acre mixed‑use property with C‑2 commercial zoning
- 6,056‑square‑foot residence constructed in 1910
- Existing residence includes generous interior areas and preserved early‑century details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,331
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,620
$1.4M
Cap Rate 7%
$1,033,300
$1.0M
Cap Rate 9%
$803,678
$803.7K
Market Conditions
NOI Build-Up for 6,056 SF
Gross rent
$127.2K $21.00/SF
− Vacancy
−$11.4K −$1.89/SF
EGI
$115.7K $19.11/SF
− OpEx
−$43.4K −$7.17/SF
NOI
$72.3K $11.94/SF
Area
Spokane, WA
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,620
Cap Rate 7%
$1,033,300
Cap Rate 9%
$803,678
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.45M
NOI $86,716 @ 7.0% cap · market cap 9.23%
Second Best
Mixed Use
$1.03M
$904.1K – $1.21M
NOI $72,331 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,371 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 99224, WA
24,085
Population
10,559
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
118.8 sq mi
ZIP Area
203
Density / Sq Mi
$76,785
Median Household Income
$50,678
Median Earnings
$1,290
Median Rent
$439,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing early-century residence with adaptable interior areas and commercial zoning for owner-user or redevelopment concepts.
Where is this mixed-use property located?
The property is located at 1625 S Hayford Rd Spokane, WA.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 4.39‑acre mixed‑use property with C‑2 commercial zoning; 6,056‑square‑foot residence constructed in 1910; Existing residence includes generous interior areas and preserved early‑century details
