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    2500 Mayfair Rd Colbert, WA 99005

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    For Lease
    Contact for pricing

    Prime Spokane County retail space available.

    Lot size:
    186,675 SF

    Property Features for 2500 Mayfair Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    186,675 SF
    Total Rate
    295568.75

    Building Details

    Stories
    19

    Spaces For Lease

    at 2500 Mayfair Rd, Colbert, WA 99005 Contact us
    Unit 2500 Suite 430

    $22 /Mo

    Size
    559 SF
    Contact us
    Unit 2500 Suite 435

    $22 /Mo

    Size
    1,518 SF
    Contact us
    Unit 2500 Suite 450

    $22 /Mo

    Size
    1,191 SF
    Contact us
    Unit 2500 Suite 460

    $22 /Mo

    Size
    2,385 SF
    Contact us
    Unit 2500 Suite 470

    $22 /Mo

    Size
    1,535 SF
    Contact us
    Unit 2500 Suite 550

    $22 /Mo

    Size
    1,248 SF
    Contact us
    Unit 2500 Suite 560

    $22 /Mo

    Size
    1,278 SF
    Contact us
    Unit 2500 Suite 570

    $22 /Mo

    Size
    4,275 SF
    Contact us
    Unit 2500 Suite 660

    $22 /Mo

    Size
    3,098 SF
    Contact us
    Unit 2500 Suite 665

    $22 /Mo

    Size
    1,868 SF
    Contact us
    Unit 2500 Suite 260

    $22 /Mo

    Size
    1,063 SF
    Contact us
    Unit 2500 Suite 600

    $22 /Mo

    Size
    5,112 SF
    Contact us
    Unit Suite 340

    $22 /Mo

    Size
    1,592 SF
    Contact us
    Unit Suite 440

    $22 /Mo

    Size
    2,539 SF
    Contact us
    Unit 2600 Suite 210

    $25 /Mo

    Size
    876 SF
    Contact us
    Unit 2600 Suite 220

    $25 /Mo

    Size
    1,446 SF
    Contact us
    Unit 2600 Suite 390

    $25 /Mo

    Size
    1,241 SF
    Contact us
    Unit 2600 Suite 450

    $25 /Mo

    Size
    1,464 SF
    Contact us
    Unit 2600 Suite 490

    $25 /Mo

    Size
    3,234 SF
    Contact us
    Unit 2600 Suite 680

    $25 /Mo

    Size
    550 SF
    Contact us
    Unit 2600 Suite 690

    $25 /Mo

    Size
    1,584 SF
    Contact us
    Unit 2600 Suite 785

    $25 /Mo

    Size
    1,446 SF
    Contact us
    Unit 2600 Suite 870

    $25 /Mo

    Size
    1,435 SF
    Contact us
    Unit 2600 Suite 505

    $25 /Mo

    Size
    2,613 SF
    Contact us
    Unit 2600 Suite 350

    $25 /Mo

    Size
    2,347 SF
    Contact us
    Unit Suite 600

    $25 /Mo

    Size
    3,635 SF
    Contact us
    Unit 2600 Suite 1030

    $25 /Mo

    Size
    2,001 SF
    Contact us
    Unit 2600 Suite 685

    $25 /Mo

    Size
    1,223 SF
    Contact us
    Unit 2500 Suite 210

    $22 /Mo

    Size
    498 SF
    Contact us
    Unit 2500 Suite 220

    $22 /Mo

    Size
    4,356 SF
    Contact us
    Unit 2500 Suite 250

    $22 /Mo

    Size
    822 SF
    Contact us
    Unit Suite 400

    $22 /Mo

    Size
    1,553 SF
    Contact us
    Unit Suite 1100

    $25 /Mo

    Size
    1,409 SF
    Contact us
    Unit 2500 suite 420

    $22 /Mo

    Size
    4,203 SF
    Contact us
    Unit Suite 440 & 470

    $22 /Mo

    Size
    4,074 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Tim Janusz
    Tim Janusz

    Listing Agency: Newmark Listing Agent: Tim Janusz

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

    Learn more

    Overview

    The Offices at Mayfair, located at 2500 & 2600 N Mayfair Road in Colbert, Washington (zip code 99005), presents a significant retail opportunity in Spokane County. This single-story, 186,675 square foot shopping center offers multiple tenancy options, with 35 spaces currently available. Units range in size from a minimum of 498 square feet to a maximum contiguous space of 13,930 square feet, providing flexibility for a variety of retail businesses. A substantial 67,197 square feet of vacant space is currently available for lease, presenting a unique chance to establish a presence in this established center. The property's location in Colbert, Washington offers excellent access and visibility, making it an ideal location for businesses seeking high foot traffic and convenient access for customers. The property is classified as a retail shopping center and is situated in Spokane County, Washington. This is a prime opportunity for businesses seeking a well-established location with ample space and high visibility. The property's address is 2500 & 2600 N Mayfair Road, Colbert, WA 99005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Colbert
    County
    Spokane
    State
    Washington
    Longitude
    -117.4052566
    Latitude
    47.8105672

    FAQs

    What type of property is this?
    Lifestyle center - Prime Spokane County retail space available.
    Where is this lifestyle center located?
    The property is located at 2500 Mayfair Rd Colbert, WA.
    What is the lease rate?
    The lease rate is $22-$25 SF/Yr.
    What are key features of this property?
    This property features: 2500 N Mayfair Road; Excellent Mayfair Mall access.; Recently updated common areas.
    (414) 908-9155 Call to check price and availability
    Request Owner's contact information
    2500 Mayfair Rd Colbert, WA 99005
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    Colbert, WA 99005
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    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
    2500 Mayfair Rd Colbert, WA 99005
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Janusz
    Tim Janusz
    Real Estate License ID: 70967
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