Two-Floor Office
725 N Stanley St, Medical Lake, WA 99022
For Sale
Contact for pricing
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 Market241
Property Features for 725 N Stanley St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Asking Price
Utilities to Site
Office Units
Building Details
Year Built
Year Renovated
Buildings
Stories
Building Size
Construction
Tenancy
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Mar 11
Changed: Oct 25
Last Checked: Nov 6 at 5:48AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$147,349
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,980
$2.9M
Cap Rate 7%
$2,104,986
$2.1M
Cap Rate 9%
$1,637,211
$1.6M
Market Conditions
NOI Build-Up for 12,484 SF
Gross rent
$250.2K $20.04/SF
− Vacancy
−$53.7K −$4.30/SF
EGI
$196.5K $15.74/SF
− OpEx
−$49.1K −$3.93/SF
NOI
$147.3K $11.80/SF
Area
Spokane County, WA
Vacancy
21.47%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,980
Cap Rate 7%
$2,104,986
Cap Rate 9%
$1,637,211
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
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
$345,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Spokane County, WA
Properties on Market for Office buildings in Spokane County
Vacancy Rate% for Office in West region
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
