Historic Corner Office
4704 N MAPLE ST Spokane, WA 99205
4704 N MAPLE ST, Spokane, WA, 99205
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For Sale
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Constructed in 1926, this corner office building totals 2,211 SF with additional basement storage and mechanical space.
Property Size2,211 SF
Lot Size0.17 Acres
Price / SF$169.61
Days on Market78
Property Features for 4704 N MAPLE ST
General Information
- Standard status
- Active
- Size
- 2,211 SF
- Lot size
- 0.17 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1926
Listing agency
Coldwell Banker Commercial
Listed by
Barb Pielli · License #WA- B41414
Source
Crexi
Added: May 5 Updated: Jul 20 at 6:18PM Checked: Jul 21 at 5:55AM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
Constructed in 1926, this historic office property was originally built as a State Farm office and is positioned on a corner lot. The building provides 2,211 SF of space, including basement storage and mechanical space, supported by the character and layout of the original construction.
Located at the prominent intersection of Maple Street and Wellesley Avenue, the property sits along two well-traveled arterial corridors with combined traffic counts exceeding approximately 35,000–45,000 vehicles per day. An additional adjacent vacant lot is available but is not included in the purchase price; details are available through the listing broker.
The existing configuration is suited for professional office use, boutique retail, service business, or an owner-user seeking a distinctive property with historic architectural character.
Located at the prominent intersection of Maple Street and Wellesley Avenue, the property sits along two well-traveled arterial corridors with combined traffic counts exceeding approximately 35,000–45,000 vehicles per day. An additional adjacent vacant lot is available but is not included in the purchase price; details are available through the listing broker.
The existing configuration is suited for professional office use, boutique retail, service business, or an owner-user seeking a distinctive property with historic architectural character.
Key Highlights
- Constructed in 1926, historic corner office building at Maple Street and Wellesley Avenue
- 2,211 SF total office space including basement storage/mechanical space
- 7,335 SF lot size
Local Financial Insights For Office B
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 | $49.1k | $22.20 |
| − Vacancy | −$6.9k | −$3.11 |
| EGI | $42.2k | $19.09 |
| − OpEx | −$10.6k | −$4.77 |
| NOI | $31.7k | $14.32 |
2,211 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$452.3K
$395.7K – $527.7K
NOI $31,659 @ 7.0% cap · market cap 8.44%
Second Best
Retail
$327.7K
$286.8K – $382.4K
NOI $22,942 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$570.4K
$499.1K – $665.5K
NOI $39,931 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kathie Doyle-Lipe - State ...
Insurance Agency
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FAQs
What type of property is this?
Office building - Constructed in 1926, this corner office building totals 2,211 SF with additional basement storage and mechanical space.
Where is this office building located?
The property is located at 4704 N MAPLE ST Spokane, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Constructed in 1926, historic corner office building at Maple Street and Wellesley Avenue; 2,211 SF total office space including basement storage/mechanical space; 7,335 SF lot size
