14711 Broadway Ave Spokane Valley, WA 99216-2035
- Day care centers
- 5,122 SF
- 0.77 lot acres
Current Use by Public Records
- Day care centers
Property Details for 14711 Broadway Ave
- Year built
- 1998
- Lot size
- 0.77 lot acres
- Property size
- 5,122 SF
- Property type
- Day care centers
- APN
- 45141.9273
- APU
- 451419273
Description
This exceptional single-story school building, located at 14711 E. Broadway Ave in Spokane Valley, WA 99216, presents a unique investment opportunity. Boasting 6,402 square feet of net rentable space on a 0.77-acre lot (APN 45141.9273), this property is ideally suited for continued use as a school or daycare. Constructed in 1998 and renovated in 2000, the building is in good condition and features a fully sprinklered system. The property also includes a secure, fenced playground area, enhancing its appeal for educational purposes. Currently vacant, the building is ready for immediate occupancy, starting October 21, 2024. The property is offered at an asking price of $949,000 with a triple net (NNN) lease type. Potential buyers or tenants should independently verify the conditional use permit with the City of Spokane Valley to confirm its suitability for school or daycare operations. This is a rare opportunity to acquire a well-maintained, ready-to-use school building in a desirable location. The single building is one story and sits on a sizable lot, offering ample space for expansion or outdoor activities. This property is being sold as-is.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,055,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $905,000
- 6.5%
- $900,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $805,000
- Retail
- $745,000
- Mixed-Use
- $865,000
- Hospitality
- $815,000
- Educational
- $830,000
- Residential Income
- $915,000
- Energy
- $790,000
- Income-Based Land
- $780,000
- Food Service
- $865,000
Location Insight
- Map
- Local Demand
- City
- Spokane Valley
- County
- Spokane
- State
- Washington
- Longitude
- -117.206
- Latitude
- 47.6647
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
