Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    9520 N Newport Hwy Spokane, WA 99218

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for rent in Spokane's northern growth corridor.

    Type:Retail
    Property size:
    94,183 SF
    Lot size:
    7.40 Acres
    Added:
    Aug 20, 2021
    Days on Market:
    1721
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 9520 N Newport Hwy

    General Information

    Standard status
    Active
    Size
    94,183 SF
    Lot size
    7.40 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Stephen Pohl

    Listing agent Stephen Pohl License #WA 50282

    Listing office NAI Black - Spokane

    Listing date Aug 20, 2021

    Source Crexi

    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 NAI Black - Spokane

    HighLights

    • High‑traffic location: 24,000 VPD +/-
    • Located in the Northern Growth Corridor of Spokane
    • Adjacent to Northpointe Plaza "Power‑Center"
    • Junior Anchor Parapet Planned
    • Major Anchors Open Nearby: Ross Dress For Less, Home Goods, Planet Fitness (1st Quarter 2026)
    • Available Space: 10,000 SF +/- (Delivery Spring 2026)

    Overview

    Retail Space on Newport Highway

    This retail space, offering approximately 10,000 square feet, is slated for delivery in Spring 2026. The property benefits from high visibility on Newport Highway and includes two curb cuts. Situated in Spokane's northern growth corridor, it is adjacent to the Northpointe Plaza "Power-Center." A junior anchor parapet is planned, along with access on the south side of the property from Holland Street. The total building size is approximately 94,183 square feet, positioned on a 7.4-acre lot with 268 parking spaces. Traffic counts in the area average around 24,000 vehicles per day. Major anchors in the vicinity include Ross Dress For Less, Home Goods, and Planet Fitness, with Planet Fitness scheduled to open in the first quarter of 2026. Tenant improvement allowance is available.
    Location Intelligence

    Current Use by Public Records

    Brad Dettmann, RPH Pharmacy Ulland Robert OD Physician higi Physician HomeGoods Home Decor Store Ross Dress for Less Clothing Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4034337
    Latitude
    47.7451114

    Nearby Similar for Lease

    • Contact for pricing

      Retail/Warehouse Space Near Downtown Spokane

      3,750 SF retail/warehouse space near downtown Spokane.
      1303 N Washington Street, Suite B, Spokane, WA 99201
      View Details
    • Contact for pricing

      Functional Industrial Warehouse in Spokane

      Efficient industrial space with vehicle lifts and updated roof.
      5202 N Nevada Street, Spokane, WA 99207
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Prime Spokane retail space with strong traffic and brand visibility.
      1020 West Francis Ave, Spokane, WA 99205
      View Details
    • Contact for pricing

      I-90 Accessible Warehouse with Office

      Warehouse with office space and I-90 freeway access.
      2014 West 6th Court, Spokane, WA 99201
      View Details
    • Contact for pricing

      Riverside Avenue Retail/Office/Showroom Space

      4,200 SF space ideal for retail, office, or showroom.
      226 W Riverside Ave, Spokane, WA 99201
      View Details
    • $1,611/Mo

      Adaptable Office Space in Spokane

      1,173 SF office space in central Spokane location.
      222 W Mission Avenue, Spokane, WA 99201
      View Details
    • Sponsored
      Contact for pricing

      Spokane Washington Trust

      601 1St Ave, Unit 1400, Spokane, WA 99201
      View Details
    • $6,500/Mo

      Functional Industrial/Retail Space in Spokane

      Two-bay shop with secured yard in East Spokane.
      4228 E Wellesley Ave, Spokane, WA 99217
      View Details
    • $19 SF/Yr

      Updated Medical Building Near Hospital

      Newly updated medical building with move-in ready and expandable spaces.
      220 E Rowan Ave, Spokane, WA
      View Details
    • $18 SF/Yr

      Downtown Spokane Retail Space Available

      6,400 SF retail space in the heart of Spokane.
      225 W Riverside Ave, Spokane, WA 99201
      View Details
    • $3,500/Mo

      South Hill Retail Space Available

      Retail spaces for lease in high-traffic South Hill neighborhood.
      802 E. 29th Ave., Spokane, WA 99203
      View Details
    • $16 SF/Yr

      Spokane Retail/Office Space Available

      Prime leasing opportunity in a dynamic Spokane commercial hub.
      915 E Hawthorne Rd Suite E, Spokane, WA 99218
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for rent in Spokane's northern growth corridor.
    Where is this retail space located?
    The property is located at 9520 N Newport Hwy Spokane, WA.
    What are key features of this property?
    This property features: High‑traffic location: 24,000 VPD +/-; Located in the Northern Growth Corridor of Spokane; Adjacent to Northpointe Plaza "Power‑Center"
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephen Pohl
    Real Estate License ID: WA 50282
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9520 N Newport Hwy, Spokane, WA 99218
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!