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    FOR SALE
    Office buildings

    1322 N Whitman Ln, Liberty Lake, WA 99019

    14,632 SF 3.07 ac lot Built 2001
    Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US90-0103858
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 1322 N Whitman Ln in Liberty Lake, Washington, presents a compelling investment opportunity. Boasting a total of 42,551 square feet, this two-story structure was originally built in 2001 and underwent a significant renovation in 2007. The property offers flexible space options, with the potential to lease anywhere from 20,000 to 42,551 square feet, accommodating a variety of business needs. Its strategic location between Spokane, WA and Post Falls/Coeur d'Alene, ID, provides easy access to a thriving regional market. The building benefits from its proximity to new developments and enjoys high visibility from Interstate 90, ensuring strong brand recognition. Ample on-site parking is available for tenants and visitors. Separate entries at each end of the building enhance functionality and convenience. The asking price for this prime commercial property is $12,500,000. This presents a rare opportunity to acquire a well-maintained, highly visible, and strategically located office building in a rapidly growing area. The property's size, modern amenities, and convenient location make it an ideal investment for discerning buyers seeking a strong return on investment. The building's 2007 renovation ensures modern functionality and aesthetics, appealing to a wide range of potential tenants. The property's location in Spokane County, WA, zip code 99019, offers easy access to major transportation routes and a vibrant business community.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2001
    Total area 14,632 SF
    Lot 3.07 ac (133,729 SF)
    APN 55156.9186
    UPID US90-0103858
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.57M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.44M
    Owner & transaction history
    A-15 LLC · 19 yrs held
    A-15 LLC
    since 2007
    6 recorded transactions
    2018
    2017
    2007
    $706,446
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.9M +24.2%
    Restaurant $3.2M +0.2%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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