Mixed-Use Property with
1725 N Park Rd, Spokane Valley, WA 99212
For Sale
$320,000
Industrial zoning pairs a workshop with a separate three-bedroom residence or office.
Property Size3,683 SF
Price / SF$86.89
Days on Market68
Property Features for 1725 N Park Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
full kitchen
covered patio
Ethernet wiring
gas heat
motion sensors
cameras
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Matt Side
(509) 220-3961
Source:
Ericksrealty
Added: Sep 1
Changed: Nov 6
Last Checked: Nov 7 at 1:29PM
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 Realty One Group Eclipse
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 36-by-44-foot shop with a three-bedroom, 1.5-bath home that can also serve as office space. The residence includes a full kitchen, covered patio and Ethernet wiring throughout. Shop features include gas heat, a half bath and a newer roof. The property has a reported size of 3,683 square feet and is secured by interior and exterior cameras and motion sensors.
The site is a corner parcel between Trent Avenue and I-90, with access via Broadway. Industrial zoning and off-street parking in front of the shop are additional site features.
The site is a corner parcel between Trent Avenue and I-90, with access via Broadway. Industrial zoning and off-street parking in front of the shop are additional site features.
Key Highlights
- 36' x 44' shop with gas heat, half bath and newer roof
- Three‑bedroom, 1.5‑bath home with full kitchen and covered patio
- Industrial zoning; corner site between Trent Avenue and I‑90, accessed via Broadway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,058
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,160
$481.2K
Cap Rate 7%
$343,686
$343.7K
Cap Rate 9%
$267,311
$267.3K
Market Conditions
NOI Build-Up for 3,683 SF
Gross rent
$31.4K $8.52/SF
− Vacancy
−$3.1K −$0.83/SF
EGI
$28.3K $7.69/SF
− OpEx
−$4.2K −$1.15/SF
NOI
$24.1K $6.53/SF
Area
Spokane Valley, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,160
Cap Rate 7%
$343,686
Cap Rate 9%
$267,311
Alternative Uses
Best Use
Mixed Use
$574.5K
$502.7K – $670.3K
NOI $40,218 @ 7.0% cap · market cap 12.57%
Second Best
Warehouse
$343.7K
$300.7K – $401.0K
NOI $24,058 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$800.1K
$700.1K – $933.4K
NOI $56,005 @ 7.0% cap · market cap 17.50%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial zoning pairs a workshop with a separate three-bedroom residence or office.
Where is this mixed-use property located?
The property is located at 1725 N Park Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 36' x 44' shop with gas heat, half bath and newer roof; Three‑bedroom, 1.5‑bath home with full kitchen and covered patio; Industrial zoning; corner site between Trent Avenue and I‑90, accessed via Broadway
