1718 West Broadway Avenue, Spokane, WA 99201

Building Details

Year Built 1986 More

Listing Agency: Hawkins Edwards

Listed By: Kevin Edwards · License #WA Show Phone

Source: Crexi

Added: Jun 1 Changed: Oct 26 Last Checked: Nov 6 at 7:49AM

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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 Hawkins Edwards

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This well-maintained commercial building offers a flexible setup suitable for office, retail, or professional services. The property is presented in a turnkey condition for owner-users and investors seeking a practical space that can support multiple commercial uses.

The building is located in the heart of Spokane near Kendall Yards. It features ample onsite parking and visibility along Broadway Avenue, supporting convenient customer and employee access.

From a tenant or buyer standpoint, the location and parking make it workable for a range of service and storefront concepts, while the property condition helps reduce initial occupancy friction. Whether you are evaluating space for your own operations or considering an acquisition with adaptable use, this building’s combination of visibility and onsite parking is a straightforward, marketable attribute.

Key Highlights

• Built in 1986
• Well‑maintained building
• Ample onsite parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,728

Cap Rate

7.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$854,560 $854.6K

Cap Rate 7%

$610,400 $610.4K

Cap Rate 9%

$474,756 $474.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,984 SF

Gross rent

$66.2K $22.20/SF

− Vacancy

−$9.3K −$3.11/SF

EGI

$57.0K $19.09/SF

− OpEx

−$14.2K −$4.77/SF

NOI

$42.7K $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%

$854,560

Cap Rate 7%

$610,400

Cap Rate 9%

$474,756

Alternative Uses

Best Use

Office B

$610.4K

$534.1K – $712.1K (±1% cap)

NOI $42,728 @ 7.0% cap · market cap 7.18%

Second Best

Retail

$442.3K

$387.0K – $516.0K (±1% cap)

NOI $30,962 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$769.9K

$673.6K – $898.2K (±1% cap)

NOI $53,891 @ 7.0% cap · market cap 9.06%

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

Farmers Insurance - Brandon ... Insurance Agency Par Acceptance Accounting Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Clothing & Fashion Store Tanning Salon Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,096

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

Market

Average Price Trend$/SF for Office buildings in Spokane, WA

$190 Jul

$180 Aug

$163 Sep

$166 Oct

Properties on Market for Office buildings in Spokane

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Well-maintained building with ample onsite parking and visibility on Broadway Avenue for flexible office, retail, or professional use.

Where is this office building located?

The property is located at 1718 West Broadway Avenue Spokane, WA.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Built in 1986; Well‑maintained building; Ample onsite parking