Retail Buildings with Development
2926 E 29th Ave, Spokane, WA 99223
For Sale
Contact for pricing
Two retail buildings with RMF zoned secondary lot.
Property Size8,311 SF
Price / SF$234.63
Days on Market265
Property Features for 2926 E 29th Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
KIEMLE HAGOOD
Listed By:
Erik Nelson · License WA #24825
(509) 755-7514
Source:
Crexi
Added: Feb 19
Changed: Nov 5
Last Checked: Nov 10 at 8:36AM
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 investment opportunity features two retail buildings located at 29th Avenue and Regal. Additionally, the property includes a secondary lot zoned RMF, offering potential for further development. The property has a total size of 8311 square feet.
Key Highlights
- Investment opportunity awaits
- Two retail buildings on site
- Includes a secondary lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,236
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,720
$1.7M
Cap Rate 7%
$1,231,943
$1.2M
Cap Rate 9%
$958,178
$958.2K
Market Conditions
NOI Build-Up for 8,311 SF
Gross rent
$134.6K $16.20/SF
− Vacancy
−$11.4K −$1.38/SF
EGI
$123.2K $14.82/SF
− OpEx
−$37.0K −$4.45/SF
NOI
$86.2K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,720
Cap Rate 7%
$1,231,943
Cap Rate 9%
$958,178
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,236 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,097 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 99223, WA
34,201
Population
15,252
Households
2.2
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
32.1 sq mi
ZIP Area
1,065
Density / Sq Mi
$91,377
Median Household Income
$53,132
Median Earnings
$1,221
Median Rent
$457,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail properties & Spaces in Spokane, WA
Properties on Market for Retail properties & Spaces in Spokane
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Two retail buildings with RMF zoned secondary lot.
Where is this retail property located?
The property is located at 2926 E 29th Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Investment opportunity awaits; Two retail buildings on site; Includes a secondary lot
