Prime Commercial Property in
1306 North Post Place Spokane, WA 99201
1306 North Post Place, Spokane, WA, 99201
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For Sale
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Commercial property north of downtown Spokane with high visibility.
Property Size5,185 SF
Price / SF$212.15
Days on Market940
Property Features for 1306 North Post Place
General Information
- Standard status
- Active
- Size
- 5,185 SF
- Property subtype
- Office
Listing Agency
Goodale & Barbieri
(509) 344-4909
Listed by
Ryan Oberg · License #WA B111788
Source
Crexi
Added: Dec 20, 2023 Checked: Jul 15 at 5:59 pm
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 Goodale & Barbieri
Investment Insights
Based on property information with market context.
Located just north of downtown Spokane, WA, 1306 N Post St is a commercial property offering a blend of accessibility and visibility. The building is situated in a thriving and changing area, surrounded by a diverse range of amenities. The property has a size of 5185 square feet.
Key Highlights
- Prime commercial property location just north of downtown Spokane, WA
- Highly coveted location offering accessibility and visibility
- Situated in a thriving and changing area
Local 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 | $115.1k | $22.20 |
| − Vacancy | −$16.1k | −$3.11 |
| EGI | $99.0k | $19.09 |
| − OpEx | −$24.7k | −$4.77 |
| NOI | $74.2k | $14.32 |
5,185 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.06M
$928.1K – $1.24M
NOI $74,244 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,641 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Commercial property north of downtown Spokane with high visibility.
Where is this office building located?
The property is located at 1306 North Post Place Spokane, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime commercial property location just north of downtown Spokane, WA; Highly coveted location offering accessibility and visibility; Situated in a thriving and changing area
