Historic Office
For Sale
Contact for pricing
706 N Maple St & 1520 W College Ave, Spokane, WA 99201
Two-building office property with CC1-NC zoning and character suited to professional or boutique commercial uses.
Property Size3,680 SF
Price / SF$244.29
Days on Market425
Property Features for 706 N Maple St & 1520 W College Ave
General Information
Standard status
Active
Size
3,680 SF
Property subtype
OFFICE
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Erik Nelson · License #24825
(509) 755-7514
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Oct 11
Last Checked: Oct 15 at 1:16AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office offering comprises two buildings with a combined ±4,760 SF of space on a ±0.34-acre parcel. The Maple Building contains ±3,680 SF, while the College Building contributes ±1,080 SF. Constructed in 1895, the property retains historic character across its office-oriented improvements.
CC1-NC zoning supports a range of commercial uses, including professional office and boutique business applications. The parcels are identified as 25134.0212 and 25134.0206 and are located at 706 N Maple St and 1520 W College Ave in Spokane, Washington.
CC1-NC zoning supports a range of commercial uses, including professional office and boutique business applications. The parcels are identified as 25134.0212 and 25134.0206 and are located at 706 N Maple St and 1520 W College Ave in Spokane, Washington.
Key Highlights
- ±4,760 SF total building area across two office buildings
- Maple Building contains ±3,680 SF
- College Building contains ±1,080 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,694
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,880
$1.1M
Cap Rate 7%
$752,771
$752.8K
Cap Rate 9%
$585,489
$585.5K
Market Conditions
NOI Build-Up for 3,680 SF
Gross rent
$81.7K $22.20/SF
− Vacancy
−$11.4K −$3.11/SF
EGI
$70.3K $19.09/SF
− OpEx
−$17.6K −$4.77/SF
NOI
$52.7K $14.32/SF
Area
Spokane, WA
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,880
Cap Rate 7%
$752,771
Cap Rate 9%
$585,489
Alternative Uses
Best Use
Office B
$752.8K
$658.7K – $878.2K
NOI $52,694 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.4K
$830.8K – $1.11M
NOI $66,461 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,762
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-building office property with CC1-NC zoning and character suited to professional or boutique commercial uses.
Where is this office building located?
The property is located at 706 N Maple St & 1520 W College Ave Spokane, WA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: ±4,760 SF total building area across two office buildings; Maple Building contains ±3,680 SF; College Building contains ±1,080 SF
