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Property profile & analytics
FOR SALE
Retail space
10925 North Newport Hwy Spokane, WA 99218
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0933692
For Sale
1 / 2
$1,500,000
10925 North Newport Hwy, Spokane, WA 99218
View Listing →
Property summary
AI-generated overview
Pinewater Plaza, located at 10925 N Newport Hwy in Spokane, WA 99218, offers exceptional retail opportunities in Spokane County. This property features a total of 13,265 square feet of vacant space, ideal for multiple tenants. The flexible layout allows for units ranging from a minimum of 1,815 square feet to a maximum contiguous space of 6,800 square feet, catering to a variety of business needs. The property is classified as both retail and land, presenting a unique investment opportunity. The lot size ranges from 0.61 to 0.78 acres, providing ample space for outdoor activities or expansion. The property's location in Spokane offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving market. Currently, the entire 13,265 square feet is available for lease. This is a multi-tenant property, perfect for businesses seeking flexible space options. Interested parties should inquire about lease terms and conditions. The property is situated in Spokane County, Washington.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
15,264 SF
Lot
2.82 ac (123,019 SF)
APN
36171.0110
UPID
US90-0933692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Inland Northwest Ballet of Spokane Training Center
-
US Navy Enlisted Recruiting Military Recruiting Office
-
US Marine Corps Recruiting Station Military Recruiting Office
-
U.S. Army Spokane North Recruiting Station Military Recruiting Office
-
Retro Donuts Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.34M
Owner & transaction history
Pine Water Plaza LLC · 6 yrs held
Pine Water Plaza LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+8.6%
Medical building
$3.6M
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,640,000
6.5%
$2,435,000
7%
$2,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,515,000
Current use
OFFICE BUILDING
$3,820,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$3,630,000
Change: +3% · Conversion: Difficult
RESTAURANT
$3,385,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,015,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$153 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,815
Tax year 2023
Assessed value
$3,388,040
Assessed 2024
Previous assessed
$3,106,130
+9.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$922,640
Assessed improvement
$2,465,400
Land market value
$922,640
Improvement market value
$2,465,400
Total market value
$3,388,040
Applied tax rate
1,280.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2004
Heating
NONE
Stories
1
Total area
15,264 SF
Lot
2.82 ac (123,019 SF)
APN
36171.0110
UPID
US90-0933692
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Pine Water Plaza LLC
Entity
Mailing address
12906 N ADDISON ST, SPOKANE, WA 99218-8204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Pine Water Plaza LLC
—
Grant Deed
related
$2,775,000 · Wheatland Bk
—
—
Pine Water Plaza LLC
—
Deed Of Trust
related
$2,919,500 · Wheatland Bank
—
—
Pine Water Plaza LLC
—
Deed Of Trust
related
$140,000 · Wheatland Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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