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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    920 Hamilton St Spokane, WA 99202

    • Commercial real estate
    • 22,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0270186
    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

    • Commercial real estate

    Property Details for 920 Hamilton St

    Year built
    1985
    Property size
    22,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional retail property, located at 920 N. Hamilton Street in Spokane, Washington, offers a unique opportunity for a single tenant to occupy the entire 22,000 square foot building. Built in 1985 and situated in Spokane County, this mixed-use property is currently entirely vacant, presenting a blank canvas for a discerning business. The space is highly adaptable, with a minimum divisible unit of 2,500 square feet, allowing for flexibility in layout and design to suit a variety of retail operations. The entire 22,000 square feet is available for lease as one contiguous unit, providing ample room for expansion and growth. The property's prime location in Spokane, WA, zip code 99202, offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This is an exceptional opportunity to establish a significant retail presence in a thriving Spokane community. The property's size and flexibility make it ideal for a wide range of retail concepts, from large-format stores to multiple smaller businesses under one roof. Contact us today to learn more about this remarkable opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.3962727
    Latitude
    47.6657348

    Comparable in this City

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      2,464 SF

      Retail Space on Sprague Avenue

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      Retail Space on Sprague Avenue

      Retail space available for lease, 2700 square feet.
      4202-4224 E Sprague Ave, Spokane, WA 99202
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    • $4,500 /Mo
      1,392 SF

      Corner Lot with Drive-Thru Potential

      Spokane retail property with drive-thru options and excellent visibility.
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    • $20 SF/Yr
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      Grand Blvd Retail Center

      Spokane County Retail Space Available
      1220 Grand Blvd, Spokane, WA 99202
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    • $4,000 /Mo
      1,078 SF

      Retail Space in Fred Meyer

      Sublease opportunity for retail space within a Fred Meyer.
      400 S Thor St, Spokane, WA 99202
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    • $4,125 /Mo
      1,247 SF

      Retail Space with High Ceilings

      Open retail space featuring high ceilings and new HVAC system.
      428 E Pacific Ave, Spokane, WA 99202
      View Details

    Similar Nearby for Sale

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      Spokane Automotive Property For Sale

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      Retail Building / Auto Lot

      Retail building/auto lot for sale on 0.69 acres.
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    • $750,000

      Leased Investment Property For Sale

      Fully leased property with retail, apartments, and storage units.
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      Downtown Spokane Mixed-Use Building

      Mixed-use property in the heart of downtown Spokane.
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    • $2,300,000
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      Remodeled Mixed-Use Building in Spokane

      Remodeled mixed-use building with retail, office, and apartment spaces.
      811 W 2Nd Ave, Spokane, WA 99202
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    Similar Nearby for Lease

    • $20 SF/Yr
      4,335 SF

      Grand Blvd Retail Center

      Spokane County Retail Space Available
      1220 Grand Blvd, Spokane, WA 99202
      View Details
    • $4,125 /Mo
      1,247 SF

      Retail Space with High Ceilings

      Open retail space featuring high ceilings and new HVAC system.
      428 E Pacific Ave, Spokane, WA 99202
      View Details
    • $4,000 /Mo
      1,078 SF

      Retail Space in Fred Meyer

      Sublease opportunity for retail space within a Fred Meyer.
      400 S Thor St, Spokane, WA 99202
      View Details
    • $10 SF/Yr
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      Retail Space Available For Lease

      Retail property with 19,380 square feet available for rent.
      1001 N Division St, Spokane, WA 99202
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      Retail Space Available For Lease

      Retail space available for lease, offering 4160 square feet.
      6821 N Division St, Spokane, WA 99202
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    • $30 SF/Yr
      1,650 SF

      Retail Space on Hamilton Street

      Retail space available for rent on Hamilton Street.
      1028 N Hamilton St, Spokane, WA 99202
      View Details
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    920 Hamilton St
    Spokane, WA 99202
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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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