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 Market426
Property Features for 213 S Bernard St
General Information
Standard status
Active
Size
1,707 SF
Lot size
0.05 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Riverside
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Jay Carson · License #84224
(509) 862-5454
Source:
Moodyscre
Added: Aug 31, 2025
Changed: Oct 25
Last Checked: Oct 28 at 7:58AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$20,388
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,760
$407.8K
Cap Rate 7%
$291,257
$291.3K
Cap Rate 9%
$226,533
$226.5K
Market Conditions
NOI Build-Up for 1,707 SF
Gross rent
$35.8K $21.00/SF
− Vacancy
−$3.2K −$1.89/SF
EGI
$32.6K $19.11/SF
− OpEx
−$12.2K −$7.17/SF
NOI
$20.4K $11.94/SF
Area
Spokane, WA
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,760
Cap Rate 7%
$291,257
Cap Rate 9%
$226,533
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
7,708
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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**
