Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    625 B St Cheney, WA 99004

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Established mixed-use property in downtown Cheney, Washington.

    Lot size:
    0.48 Acres

    Property Features for 625 B St

    General Information

    Lot size
    0.48 Acres

    We can help!

    Listing Contact
    Raymond Vara
    Raymond Vara
    Source: Moodyscre

    Listing Agency: Northmarq Commercial, LLC Listing Agent: Raymond Vara

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Cheney Mixed-Use Property

    This mixed-use property is located in downtown Cheney, Washington, at the intersection of Elm Street, 7th Street, and B Street. The location provides high visibility and convenient access to residential neighborhoods and the Eastern Washington University campus. The 5,582-square-foot professional office building is leased to two service-oriented tenants. GPS Dental anchors the property with a long-term lease extending over 11 years. GPS Dental is a national DSO with over 110 practices across the country, offering a range of services. The practice is led by two experienced dentists and maintains a patient base supported by community engagement. This property offers an opportunity for investors seeking cash flow with long-term growth in a growing university town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Purina, Blackhawk Veterinary Hospital, Blair C Woodger DVM, Dr. Eric Wert

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.5775687
    Latitude
    47.492575

    Nearby Similar for Sale

    • $340,000
      28.85 Acres

      Cheney Land Parcel For Sale

      28.85 acres near Spokane with existing infrastructure.
      20112 W Baker Rd, Cheney, WA 99004
      View Details
    • $600,000
      Pending

      Updated Multifamily Near Eastern Washington

      Updated 11-bedroom multifamily property near Eastern Washington University.
      317 College Ave, Cheney, WA 99004
      View Details
    • $1,599,900
      8,000 SF

      Multi-Use Property on 20 Acres

      8,000 sq ft shop/home on 20 acres near downtown.
      14414 S Stangland Rd, Cheney, WA 99004
      View Details
    • $750,000

      Vacant Office and Retail Space

      Office and retail space in prime location with high potential.
      1705 2Nd St, Cheney, WA 99004
      View Details
    • $1,350,000

      Established Auto Body Shop ForSale

      Profitable auto body shop with equipment, business, and property included.
      2218 1St St, Cheney, WA 99004
      View Details
    • $850,000

      Cheney Automotive Business Opportunity

      Established automotive business with flexible occupancy and strong performance.
      200 Betz Rd, Cheney, WA 99004
      View Details
    • $4,500,000

      Multifamily Property Near Eastern University

      Multifamily community with value-add potential near Eastern Washington University.
      1118 Oakland St, Cheney, WA 99004
      View Details
    • $450,000
      2,215 SF

      Victorian 4-Plex Near EWU Campus

      Charming 4-unit rental property near Eastern Washington University.
      422 4Th St, Cheney, WA 99004
      View Details
    • $8,000,000
      112,501 SF

      Cheney Industrial Facility: Prime Investment

      112,501 SF Manufacturing/Warehouse
      1500 1St St, Cheney, WA 99004
      View Details
    • Contact for pricing
      3,894 SF

      Cheney Medical Office Space

      Prime Cheney location, 3894 sq ft vacant.
      1727 1St St, Cheney, WA 99004
      View Details
    • $2,500,000
      0.92 Acres

      Prime Cheney Auto Body Shop

      Established Business, Real Estate Included
      2218 1St St, Cheney, WA 99004
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Established mixed-use property in downtown Cheney, Washington.
    Where is this medical office space located?
    The property is located at 625 B St Cheney, WA.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: - Anchored by GPS Dental, a national DSO with a long-term lease extending over 11 years, providing stable and reliable cash flow.; - High-visibility location in the core of downtown Cheney, at the intersection of Elm Street, 7th Street, and B Street.; - Mixed-use property offering diversification and potential for future development.
    (206) 693-2239 Call to check price and availability
    Request Owner's contact information
    625 B St Cheney, WA 99004
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    625 B St
    Cheney, WA 99004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    625 B St Cheney, WA 99004
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Raymond Vara
    Raymond Vara
    (206) 693-2239 (206) 584-6195
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!