14711 Broadway Ave, Spokane Valley, WA 99216-2035
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.