Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Newport Hwy Spokane, WA 99208

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 Newport Hwy

    Year built
    1947
    Property type
    Commercial real estate

    Description

    This profitable, turn-key bar, taproom, and wine bar business in Spokane, WA is available for $90,000. Located on N Newport Hwy, 99208, this single-story, 1947-built establishment offers significant growth potential. The current owner is retiring and will provide training during the transition. The sale includes all fixtures and inventory, ensuring a smooth takeover. An additional storage building is also included. The business boasts a proven track record and is ideally situated to capitalize on peak seasons, such as football season. There's ample opportunity to expand revenue by adding a kitchen, expanding the spirits selection, adding another taproom, and extending operating hours. Currently owner-operated with minimal staffing, this business presents a fantastic opportunity for an entrepreneur seeking a well-established and profitable venture. The building is leased, and the sale does not include the real property. A non-disclosure agreement (NDA) is required before releasing further financial details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.389
    Latitude
    47.7633

    Comparable in this City

    • Value Estimation
      $1,710,000
      4,404 SF

      8820 Pamela St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,404 SF
      8820 Pamela St, Spokane, WA 99208-6582
      View Details
    • Value Estimation by Request
      0.34 Acres

      6902 Lidgerwood St

      BOARDING/ROOMING HOUSE • 0.34 Acres
      6902 Lidgerwood St, Spokane, WA 99208
      View Details
    • Value Estimation by Request
      1,784 SF

      6607 Ash St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,784 SF
      6607 Ash St, Spokane, WA 99208-4370
      View Details
    • Value Estimation
      $3,095,000
      8,630 SF

      6018 Astor St

      BOARDING/ROOMING HOUSE • 8,630 SF
      6018 Astor St, Spokane, WA 99208-1107
      View Details
    • Value Estimation
      $1,030,000
      4,560 SF

      6603 Standard St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,560 SF
      6603 Standard St, Spokane, WA 99208-5228
      View Details
    • Value Estimation
      $785,000
      3,444 SF

      6703 Standard St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,444 SF
      6703 Standard St, Spokane, WA 99208-5224
      View Details

    Similar Nearby for Sale

    • $595,000

      Spokane Commercial Land - Market St.

      Prime Spokane commercial land, ideal for development.
      6212 Market St, Spokane, WA 99208
      View Details
    • $1,399,000

      Spokane Commercial Land - $1.4M

      Prime Spokane location, 59,422 sq ft lot, build-ready.
      451 Francis Ave, Spokane, WA 99208
      View Details
    • Contact for pricing

      North Spokane Commercial Land

      Four parcels, prime North Spokane location.
      and US-2 Farwell Rd, Spokane, WA 99208
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Spokane, Washington.
      6212-6226 N Market St, Spokane, WA 99208
      View Details
    • $249,000
      20.47 Acres

      North Spokane Vacant Land Parcel

      20.47-acre timbered land near Lake Spokane, ideal for recreation.
      W Ballard Rd, Spokane, WA 99208
      View Details
    • $349,000
      10.00 Acres

      Spokane 10-Acre Homesite with Views

      Buildable 10-acre homesite in Spokane with panoramic views and privacy.
      16xxx N Brannon Ln, Spokane, WA 99208
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      25,000 SF

      Spokane Commercial Land - 25,000 SF

      Prime Spokane commercial lot, build-to-suit option.
      6402 Nevada St, Spokane, WA 99208
      View Details
    • $22 SF/Yr
      80,138 SF

      Spokane Retail Center - Division St

      High-visibility retail spaces available.
      6104 Division St, Spokane, WA 99208
      View Details
    • $0.65 SF/Yr
      73,616 SF

      Prime Commercial Land, Francis Ave.

      1.69 Acres, Build-to-Suit Opportunity
      1123 Francis Ave, Spokane, WA 99208
      View Details
    • $20 SF/Yr
      128,553 SF

      Sundance Plaza Retail Space Available

      Prime Spokane retail space, multiple units.
      9001 Indian Trail Rd, Spokane, WA 99208
      View Details
    • $14 SF/Yr
      27,000 SF

      Cascade Plaza Retail Center

      Spokane Retail Space Available Now
      7414 Division St, Spokane, WA 99208
      View Details
    • Contact for pricing
      1 SF

      Commercial Land Near Nevada Street

      Commercial land for rent near Nevada Street with utilities available.
      1208 E Francis Ave, Spokane, WA 99208
      View Details
    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.
    Newport Hwy
    Spokane, WA 99208
    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

    Google sign-in failed. Please try again or use another login method.