Flex Space with Shop and
For Sale
$320,000
1725 N Park Rd, Spokane Valley, WA 99212
Commercial Sale, Spokane Valley, WA
Property Size3,683 SF
Lot Size0.27 Acres
Price / SF$86.89
Days on Market47
Property Features for 1725 N Park Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Basement
Partial, Unfinished
Lot features
Fenced Yard, Treed, Level, Corner Lot, City Bus (w/in 6 blks)
Elementary school
Woodard
Middle school
Centennial
High school
West Valley
Elementary school district
West Valley
Standard status
Active
APN
35124.2601
Size
3,683 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
4245
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s)
Amenities
full kitchen
covered patio
Ethernet connectivity
security system
Building Details
Year built
1932
Floors in Building
2
Building materials
Vinyl Siding, Siding
Roof type
Composition
Additional Structures
Workshop
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Matt Side
(509) 747-1101
Added: Sep 1
Changed: Oct 12
Last Checked: Oct 17 at 1:06AM
MLS# 202623480
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,683-square-foot property combines a 36-by-44-foot shop with a three-bedroom, 1.5-bath home or office. The residence includes a full kitchen, covered patio, and Ethernet wiring throughout. Shop features include a half bath, gas heat, ample power, and a newer roof. Motion sensors and cameras secure both interior and exterior areas.
The 0.27-acre corner site lies between Trent Avenue and I-90, with access via Broadway. An extra-wide frontage area provides off-street parking in front of the shop. Industrial zoning and the existing mix of shop and residential or office space support a range of trade and light-industrial operations.
The 0.27-acre corner site lies between Trent Avenue and I-90, with access via Broadway. An extra-wide frontage area provides off-street parking in front of the shop. Industrial zoning and the existing mix of shop and residential or office space support a range of trade and light-industrial operations.
Key Highlights
- 36‑by‑44‑foot shop with half bath, gas heat, ample power, and newer roof
- 3,683‑square‑foot property on 0.27 acres
- Three‑bedroom, 1.5‑bath home or office with full kitchen and covered patio
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
Warehouse
$343.7K
$300.7K – $401.0K
NOI $24,058 @ 7.0% cap · market cap 7.52%
Second Best
Industrial
$306.1K
$267.9K – $357.1K
NOI $21,428 @ 7.0% cap · market cap 6.70%
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.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Industrial zoning supports trade and light-industrial operations.
Where is this flex space 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‑by‑44‑foot shop with half bath, gas heat, ample power, and newer roof; 3,683‑square‑foot property on 0.27 acres; Three‑bedroom, 1.5‑bath home or office with full kitchen and covered patio
