Two-Floor Office
For Sale
Contact for pricing
725 N Stanley St, Medical Lake, WA 99022
Two-floor office building on C-1 zoning with leased suites and vacant space for owner-user or investor opportunities.
Property Size12,484 SF
Lot Size1.13 Acres
Price / SF$184.24
Days on Market145
Property Features for 725 N Stanley St
General Information
Standard status
Active
Size
12,484 SF
Total Parking Spaces
42
Lot size
1.13 Acres
Property subtype
OFFICE
Zoning
C-1
Additional Details
Asking Price
$2,300,000
Utilities to Site
Yes
Office Units
4
Building Details
Year Built
2005
Year Renovated
2024
Buildings
1
Stories
2
Building Size
12,484 SF
Construction
concrete
Tenancy
Multi
Listing Agency:
Kiemle Hagood
(509) 755-7524
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Mar 11
Changed: Jul 30
Last Checked: Aug 1 at 1:13PM
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
Investment Insights
Based on property information with market context.
Two-floor office building for sale offering approximately 12,484 SF of space across two floors, built in 2005 with concrete construction. The property sits on a 49,264 SF lot and includes a paved parking lot with space for approximately 42 vehicles.
Recent upgrades include a new composite roof in 2024. The building is supported by Avista Utilities for heat and power and has access to city sewer and water services. Under the existing lease structure, Suites A and C are currently leased, while Suite B and the lower level are vacant and available for owner/user or investor/lease.
C-1 zoning permits a variety of commercial uses, supporting flexibility for prospective buyers evaluating both occupied and vacant space within the same building.
Recent upgrades include a new composite roof in 2024. The building is supported by Avista Utilities for heat and power and has access to city sewer and water services. Under the existing lease structure, Suites A and C are currently leased, while Suite B and the lower level are vacant and available for owner/user or investor/lease.
C-1 zoning permits a variety of commercial uses, supporting flexibility for prospective buyers evaluating both occupied and vacant space within the same building.
Key Highlights
- Approximately 12,484 SF office building across two floors
- Built in 2005 with concrete construction
- New composite roof in 2024
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 | $250.2k | $20.04 |
| − Vacancy | −$53.7k | −$4.30 |
| EGI | $196.5k | $15.74 |
| − OpEx | −$49.1k | −$3.93 |
| NOI | $147.3k | $11.80 |
12,484 SF · lease $20.04/SF/yr · vacancy 21.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.10M
$1.84M – $2.46M
NOI $147,349 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,929 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
Demographics for 99022, WA
8,867
Population
3,564
Households
2.5
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
68.3 sq mi
ZIP Area
130
Density / Sq Mi
$90,814
Median Household Income
$45,469
Median Earnings
$838
Median Rent
$345,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-floor office building on C-1 zoning with leased suites and vacant space for owner-user or investor opportunities.
Where is this office building located?
The property is located at 725 N Stanley St Medical Lake, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 12,484 SF office building across two floors; Built in 2005 with concrete construction; New composite roof in 2024
