Versatile Retail Space For
For Sale
Contact for pricing
213 S Bernard St, Spokane, WA
Retail property suitable for various uses with recent upgrades.
Property Size1,707 SF
Lot Size0.05 Acres
Price / SF$248.97
Days on Market335
Property Features for 213 S Bernard St
General Information
Standard status
Active
Size
1,707 SF
Lot size
0.05 Acres
Property subtype
RETAIL
Listing Agency:
Kiemle Hagood
(509) 862-5454
Listed By:
Jay Carson · License #84224
(509) 862-5454
Source:
Moodyscre
Added: Aug 31, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:11AM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This 1,707 square foot property presents an opportunity for an owner or user, suitable for office, salon, tattoo studio, or a variety of retail uses. The property offers the potential for a work/live setup, providing added flexibility. Recent upgrades enhance long-term value and functionality, including new electrical service, a new sewer line, a new waterline, an updated roof, refreshed interior paint, remodeled restrooms, and an improved kitchen. On-site and street parking provide accessibility.
Key Highlights
- Versatile property suited for office, salon, tattoo studio, or a variety of retail uses
- Potential for a work/live setup
- Recent upgrades including new electrical service, new sewer line, and new waterline
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $21.00 |
| − Vacancy | −$3.2k | −$1.89 |
| EGI | $32.6k | $19.11 |
| − OpEx | −$12.2k | −$7.17 |
| NOI | $20.4k | $11.94 |
1,707 SF · lease $21.00/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$291.3K
$254.9K – $339.8K
NOI $20,388 @ 7.0% cap · market cap 4.80%
Second Best
Retail
$253.0K
$221.4K – $295.2K
NOI $17,712 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$440.4K
$385.4K – $513.8K
NOI $30,828 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property suitable for various uses with recent upgrades.
Where is this retail space located?
The property is located at 213 S Bernard St Spokane, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Versatile property suited for office, salon, tattoo studio, or a variety of retail uses; Potential for a work/live setup; Recent upgrades including **new electrical service, new sewer line, and new waterline**
