Retail Office Building with
For Sale
$1,450,000
2716 N Argonne Rd, Spokane, WA 99212
Mixed retail and office building includes drive-thru access, on-site parking, and former bank space.
Property Size7,286 SF
Days on Market96
Property Features for 2716 N Argonne Rd
General Information
Standard status
Active
Size
7,286 SF
Property subtype
Retail - Street Retail
Additional Details
Traffic Count
31,500 vehicles/day
Building Details
Building Size
7,286 SF
Listing Agency:
SVN | Retter & Company
Listed By:
Taylor Gibbons
(509) 939-1741
Source:
Commercialcafe
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 28 at 5:02AM
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 SVN | Retter & Company
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Investment Insights
Based on property information with market context.
This retail/office building offers a drive-thru layout and on-site parking, with space previously utilized by a Bank of America. The property is positioned to support either redevelopment or an owner-occupied use through build-to-suit or ground lease options.
The asset is located on N Argonne Rd, off Trent Ave, with access available from both Argonne Rd and Trent Ave. Public remarks note approximately 31,500 cars per day passing the area, providing consistent traffic exposure for storefront and office functions.
The offering includes the existing improvements for an interested buyer or tenant, with the drive-thru feature and prior banking configuration as key considerations for prospective use.
The asset is located on N Argonne Rd, off Trent Ave, with access available from both Argonne Rd and Trent Ave. Public remarks note approximately 31,500 cars per day passing the area, providing consistent traffic exposure for storefront and office functions.
The offering includes the existing improvements for an interested buyer or tenant, with the drive-thru feature and prior banking configuration as key considerations for prospective use.
Key Highlights
- Exceptional location on Argonne Rd off Trent Ave with 31,500 cars per day
- Mixed retail and office building with former Bank of America space
- Drive‑thru access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,427
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,768,540
$1.8M
Cap Rate 7%
$1,263,243
$1.3M
Cap Rate 9%
$982,522
$982.5K
Market Conditions
NOI Build-Up for 7,286 SF
Gross rent
$126.8K $17.40/SF
− Vacancy
−$8.9K −$1.22/SF
EGI
$117.9K $16.18/SF
− OpEx
−$29.5K −$4.05/SF
NOI
$88.4K $12.14/SF
Area
Spokane, WA
Vacancy
7.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,768,540
Cap Rate 7%
$1,263,243
Cap Rate 9%
$982,522
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,427 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$1.08M
$945.0K – $1.26M
NOI $75,600 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,585 @ 7.0% cap · market cap 9.07%
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
Lease Details
31,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
543
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - Mixed retail and office building includes drive-thru access, on-site parking, and former bank space.
Where is this bank located?
The property is located at 2716 N Argonne Rd Spokane, WA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Exceptional location on Argonne Rd off Trent Ave with 31,500 cars per day; Mixed retail and office building with former Bank of America space; Drive‑thru access
