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    Property profile & analytics

    110 Main St Springdale, WA 99173

    • Drive through restaurants
    • 1,900 SF
    • 0.65 lot acres
    For Sale
    View listing
    $165,000
    Last Sale
    Dec 01, 2020
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1907733
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Corner Table / Restaurant
    • Sacred heart church / Church
    • corner propane / Propane Supplier

    Property Details for 110 Main St

    Year built
    1930
    Lot size
    0.65 lot acres
    Property size
    1,900 SF
    Property type
    Drive through restaurants
    APN
    491100
    APU
    491100

    Description

    This exceptional commercial property, located at 110 S Main St in Springdale, WA, presents a unique opportunity for entrepreneurs. The building, formerly Sacred Heart Catholic Church, offers approximately 2,200 square feet of versatile space, ideal for a variety of business ventures. The open floor plan provides flexibility for customization, allowing you to design the layout to perfectly suit your operational needs. A single bathroom is conveniently located within the building. The property boasts ample parking, a significant advantage for customers and employees alike, situated on a sizable 0.67-acre lot. Its strategic location directly off Highway 231 ensures high visibility and easy accessibility, maximizing exposure to potential customers. The asking price of $165,000 makes this an incredibly affordable entry point into commercial real estate ownership in the desirable small town of Springdale. This property is ready for its next chapter, and with its prime location and spacious layout, it's poised for success. Don't miss this chance to establish your business in a thriving community. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $268,000
      Market price range: $136k - $306k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $215,000
      Current use
      AUTO REPAIR, GARAGE
      $280,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $265,000
      Change: +24% Conversion: Moderate
      RETAIL STORES
      $200,000
      Change: -6% Conversion: Easy
      COMMERCIAL (GENERAL)
      $185,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Stevens
    State
    Washington
    Longitude
    -117.741
    Latitude
    48.0566
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,912
    $18,000
    $243,986
    $261,986
    -
    $18,000
    $243,986
    $261,986

    Comparable in this City

    • Value Estimation
      $245,000
      1,218 SF

      111 Shaffer Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,218 SF
      111 Shaffer Ave, Springdale, WA 99173
      View Details
    • Value Estimation
      $215,000
      2,400 SF

      107 Shaffer Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,400 SF
      107 Shaffer Ave, Springdale, WA 99173
      View Details
    • Value Estimation
      $50,000
      2,540 SF

      123 Shaffer Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,540 SF
      123 Shaffer Ave, Springdale, WA 99173
      View Details
    • Value Estimation
      $290,000
      4,116 SF

      206 Shaffer Ave

      VEHICLE SALES, RENTALS • 4,116 SF
      206 Shaffer Ave, Springdale, WA 99173
      View Details
    • Value Estimation by Request
      336 SF

      105 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 336 SF
      105 2nd St, Springdale, WA 99173-5122
      View Details
    • Value Estimation
      $250,000
      1,421 SF

      203 Main St

      COMMERCIAL (GENERAL) • 1,421 SF
      203 Main St, Springdale, WA 99173
      View Details

    Similar Nearby for Sale

    • $350,000
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      Restaurant/Retail Space on Corner Lot

      Corner lot restaurant/retail space with ample parking and highway access.
      110 N Main St, Springdale, WA 99173
      View Details
    • $500,000
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      Springdale Bar and Real Estate

      Profitable bar business and real estate for sale in Springdale.
      111 W Shaffer Ave, Springdale, WA 99173
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    • $79,000
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      Springdale Land with Mountain Views

      21.24 acre lot with stream and mountain views.
      Rail Canyon Rd, Springdale, WA 99173
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    • $69,999
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      Land with Panoramic Views

      9.84-acre parcel with stunning views near Springdale, WA.
      45XX 292 Hwy, Springdale, WA 99173
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    • $79,000
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      Commercial Land in Growing Springdale

      Commercial zoned land with road frontage in a growing community.
      108 S Main St, Springdale, WA 99173
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    • $165,000
      2,200 SF

      Springdale Commercial Building - Hwy 231

      Own Your Business! Prime Springdale Location.
      110 Main St, Springdale, WA 99173
      View Details
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    110 Main St
    Springdale, WA 99173
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    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
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