Retail Suite
For Sale
$205,000
169 S Stevens St Suite 102, Spokane, WA 99201
Retail space within a building constructed in 1909.
Property Size1,200 SF
Price / SF$170.83
Days on Market54
Property Features for 169 S Stevens St Suite 102
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Retail
Building Details
Building Size
1,200 SF
Year Built
1909
Listing Agency:
Black Commercial, Inc.
Listed By:
Clayton Crockett · License #WA #24003030
(509) 622-3573
Source:
Naiblack
Added: Aug 22
Changed: Oct 11
Last Checked: Oct 12 at 5:50PM
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.
Suite 102 provides approximately 1,200 square feet of retail space at 169 S Stevens St in Spokane, Washington. The suite is located within a building constructed in 1909 and carries a downtown Spokane address at 99201.
Key Highlights
- Approximately 1,200 SF of retail space
- Suite 102 at 169 S Stevens St, Spokane, WA 99201
- Building constructed in 1909
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,451
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,020
$249.0K
Cap Rate 7%
$177,871
$177.9K
Cap Rate 9%
$138,344
$138.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$19.4K $16.20/SF
− Vacancy
−$1.7K −$1.38/SF
EGI
$17.8K $14.82/SF
− OpEx
−$5.3K −$4.45/SF
NOI
$12.5K $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%
$249,020
Cap Rate 7%
$177,871
Cap Rate 9%
$138,344
Alternative Uses
Best Use
Retail
$177.9K
$155.6K – $207.5K
NOI $12,451 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.6K
$270.9K – $361.2K
NOI $21,672 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,537
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space within a building constructed in 1909.
Where is this retail space located?
The property is located at 169 S Stevens St Suite 102 Spokane, WA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Approximately 1,200 SF of retail space; Suite 102 at 169 S Stevens St, Spokane, WA 99201; Building constructed in 1909
