Licensed Adult Care
For Sale
$1,000,000
Pending
Adult Care Home Spokane Rd, Spokane Valley, WA 99212
Residential Income, Spokane Valley, WA
Property Size4,173 SF
Lot Size0.36 Acres
Days on Market162
Property Features for Adult Care Home Spokane Rd
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 4, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 9
Parking
6
Parking features
Oversize, RV, Open
Patio and Porch features
Patio, Deck
Interior features
Hot Water, Smart Thermostat, Pantry
Fireplace
1
Basement
Finished, Full, Walk-Out Access
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
Subdivision
ORCH1
Lot features
Fenced Yard, Sprinkler - Automatic, Sprinkler - Partial, Treed, Level, Secluded, Oversized Lot
Elementary school
Orchard Center
Middle school
Centennial
High school
West Valley
Elementary school district
West Valley
Directions
Not Disclosed.
Standard status
Pending
APN
45063.3212
Size
4,173 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
6540
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s), Central Air
Amenities
patio
deck
back yard
large shop
common areas
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Architectural style
Ranch
Additional Structures
Guest House
Listing Agency:
RE/MAX Inland Empire · RE/MAX International
(509) 232-0824
Listed By:
Mindy Jo Lyons · License #22019979
(509) 879-1128
Added: Apr 30
Changed: Oct 7
Last Checked: Oct 8 at 6:06AM
MLS# 202616391
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This licensed adult care facility occupies a 4,173-square-foot ranch home on 0.36 acres and can accommodate up to 6 residents. The layout includes 9 bedrooms, 4.5 bathrooms, private resident rooms, common areas, office space, and staff accommodations. An updated primary suite offers a walk-in closet and ensuite bath, while outdoor amenities include a patio, deck, and backyard. A large shop provides additional storage, and the owner may live on site.
Built in 1976, the property includes forced-air natural gas heating, central air, wall-unit cooling, a fireplace, wood siding, a composition roof, and two sets of appliances. Furnishings, appliances, supplies, and operational essentials are included, along with the business. The home is situated in a quiet residential setting with access to I-90 and the North-South Corridor.
Built in 1976, the property includes forced-air natural gas heating, central air, wall-unit cooling, a fireplace, wood siding, a composition roof, and two sets of appliances. Furnishings, appliances, supplies, and operational essentials are included, along with the business. The home is situated in a quiet residential setting with access to I-90 and the North-South Corridor.
Key Highlights
- Licensed facility accommodates up to 6 residents
- 9 bedrooms and 4.5 bathrooms within 4,173 square feet
- 0.36‑acre R‑zoned property built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,477
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,540
$669.5K
Cap Rate 7%
$478,243
$478.2K
Cap Rate 9%
$371,967
$372.0K
Market Conditions
NOI Build-Up for 4,173 SF
Gross rent
$65.1K $15.60/SF
− Vacancy
−$4.2K −$1.01/SF
EGI
$60.9K $14.59/SF
− OpEx
−$27.4K −$6.56/SF
NOI
$33.5K $8.02/SF
Area
Spokane Valley, WA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,540
Cap Rate 7%
$478,243
Cap Rate 9%
$371,967
Alternative Uses
Best Use
Apartment 5plus
$478.2K
$418.5K – $558.0K
NOI $33,477 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.5K
$793.2K – $1.06M
NOI $63,456 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Embracing Hearts AFH LLC — 208 S Coleman Rd, Spokane Valley, WA 99212
- Autumn Years — 7121 E 2nd Ave, Spokane Valley, WA 99212
Frequently Asked Questions
What type of property is this?
Assisted living facility - R-zoned ranch property with private resident rooms, staff accommodations, and established care-home improvements.
Where is this assisted living facility located?
The property is located at Adult Care Home Spokane Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Licensed facility accommodates up to 6 residents; 9 bedrooms and 4.5 bathrooms within 4,173 square feet; 0.36‑acre R‑zoned property built in 1976
