Mixed-Use Building with Pole
417 E 3rd Ave, Spokane, WA 99201
For Sale
Contact for pricing
The property offers office, retail, or deli space and is available for sale or lease.
Property Size2,428 SF
Lot Size0.17 Acres
Price / SF$129.74
Days on Market13
Property Features for 417 E 3rd Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Amenities
natural light
Building Details
Buildings
Listing Agency:
Byrd Real Estate Group, LLC
Listed By:
Doug Byrd
(509) 216-6575
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 3:55PM
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 Byrd Real Estate Group, LLC
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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 mixed-use property includes a building of approximately 2,428 SF on an approximately 7,539 SF lot. The space is presented for office, retail, or deli use, with natural light and a pole sign available. It is currently available for sale or lease.
The property is in Spokane’s University District, with access to I-90 and service on a bus route.
The property is in Spokane’s University District, with access to I-90 and service on a bus route.
Key Highlights
- Approximately 2,428 SF building on an approximately 7,539 SF lot
- Space presented for office, retail, or deli use
- Pole sign available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,193
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,860
$503.9K
Cap Rate 7%
$359,900
$359.9K
Cap Rate 9%
$279,922
$279.9K
Market Conditions
NOI Build-Up for 2,428 SF
Gross rent
$39.3K $16.20/SF
− Vacancy
−$3.3K −$1.38/SF
EGI
$36.0K $14.82/SF
− OpEx
−$10.8K −$4.45/SF
NOI
$25.2K $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%
$503,860
Cap Rate 7%
$359,900
Cap Rate 9%
$279,922
Alternative Uses
Best Use
Mixed Use
$414.3K
$362.5K – $483.3K
NOI $28,999 @ 7.0% cap · market cap 9.21%
Second Best
Retail
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$626.4K
$548.1K – $730.8K
NOI $43,850 @ 7.0% cap · market cap 13.92%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
Check the figures for this property
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?
Mixed-use property - The property offers office, retail, or deli space and is available for sale or lease.
Where is this mixed-use property located?
The property is located at 417 E 3rd Ave Spokane, WA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Approximately 2,428 SF building on an approximately 7,539 SF lot; Space presented for office, retail, or deli use; Pole sign available
