Assisted Living Home with
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 Market182
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
Bedroom 6, Bedroom 3, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 9, Basement, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 2
Parking
6
Parking features
Open, RV, Oversize
Patio and Porch features
Patio, Deck
Interior features
Hot Water, Smart Thermostat, Pantry
Fireplace
1
Basement
Walk-Out Access, Finished, Full
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
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
6540
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s), Central Air
Amenities
common areas
patio & deck
back yard
large shop
office space
staff accommodations
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
(509) 879-1128
Added: Apr 30
Changed: Oct 26
Last Checked: Oct 28 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
Configured as an adult care home, this 4,173-square-foot ranch accommodates up to 6 residents in private rooms. The property has 9 bedrooms, office and staff space, and provisions for an owner to live on site. A patio, deck, backyard, and large shop add to the property’s functional areas. The facility is furnished and includes appliances and supplies; the business is part of the offering.
Set on 0.36 acres in Spokane Valley, the home is described as having quick access to I-90 and the North-South Corridor. The care operation has served the community for more than 30 years and is equipped to meet state licensing requirements.
Set on 0.36 acres in Spokane Valley, the home is described as having quick access to I-90 and the North-South Corridor. The care operation has served the community for more than 30 years and is equipped to meet state licensing requirements.
Key Highlights
- Licensed adult care home with capacity for up to 6 residents
- 4,173 square feet with 9 bedrooms
- 0.36‑acre property in Spokane Valley
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A licensed care operation includes space for residents, staff, and an on-site owner.
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 adult care home with capacity for up to 6 residents; 4,173 square feet with 9 bedrooms; 0.36‑acre property in Spokane Valley
