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Property profile & analytics
FOR LEASE
Grocery and convenience stores

609 S Fir Ave Deer Park, WA 99006

40,231 SF 3.71 ac lot Built 1980
Trust Owned 8-yr Hold Free & Clear
Property ID
US90-1707939
Property summary
AI-generated overview

This exceptional retail property, located at 609 S Fir Ave in Deer Park, WA 99006, presents a unique investment opportunity. The property consists of two single-story buildings totaling 48,812 square feet, situated on a substantial 144,854 square foot lot. Built in 1980 and renovated in 1995, the center offers a blend of established infrastructure and updated amenities. Currently, there is 8,160 square feet of vacant space available, divisible into units as small as 2,160 square feet, with a maximum contiguous space of 6,000 square feet. The property boasts an excellent location off Highway 395, ensuring high visibility and accessibility for customers. Ample parking is provided, and pylon signage opportunities are available for enhanced brand recognition. A 5-year lease term is preferred. Please note that there are grocery restrictions in place. This property is ideal for a variety of retail uses and presents a strong potential for growth and return on investment in the thriving Deer Park market within Spokane County. The property's size and location make it an attractive option for both established businesses and new ventures seeking a prominent presence in this desirable area.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1980
Total area 40,231 SF
Lot 3.71 ac (161,644 SF)
APN 28034.1150
UPID US90-1707939
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
$6.80M
Comparable Approach Comparable
$5.96M
Blend (final) Blend
$5.94M
Owner & transaction history
Young,john C Trust · 8 yrs held
Young,john C Trust
since 2018
2 recorded transactions
2018
Price N/A
2016
$2.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $9.7M +27.5%
Medical building $8.7M +15.4%
Restaurant $8.7M +14.5%
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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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