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    Spokane Commercial Property For Sale Title is generated by Realmo AI

    3626 E Trent Ave, Spokane, WA 99202

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    For Sale
    $990,000

    COMMERCIAL - Spokane, WA

    Property size:
    8,020 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $123/SF
    Added:
    Nov 11, 2025
    Days on Market:
    207
    Last Refresh:
    Jun 6 at 6:06 am

    Property Features for 3626 E Trent Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Basement
    Partial
    Standard status
    Active
    Size
    8,020 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating)

    Building Details

    Year built
    1946
    Building materials
    Block, Wood Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Ken Lewis
    Ken Lewis

    Listing agent Ken Lewis License #12833

    Listing office First Look Real Estate 1003 E Trent Ave Ste 150, Spokane, WA

    Listing date Nov 11, 2025

    MLS# 202526651

    Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Close to the new Trent Avenue Interchange on the North/South Freeway.
    • Industrial‑Retail Zoning: Offers flexibility for various business operations.
    • Three Drive‑in Overhead Doors: Facilitates efficient loading and unloading.
    • Easy Access: Accessible from Trent, Sycamore, or Boone Avenues.
    • Showroom for Retail: Suitable space for retail display and customer interaction.
    • Active Security System: Provides enhanced security for the property.

    Overview

    This commercial property is located in Spokane, WA, and features 8,020 square feet of space on a 0.49-acre lot. The property is zoned for industrial-retail use and includes a showroom suitable for retail operations. It offers convenient access from Trent Avenue, Sycamore Street, and Boone Avenue, and is situated just a few blocks from the new Trent Avenue Interchange on the North/South Freeway. The property features three drive-in overhead doors and an active security system. The property can be used as warehouses, industrial properties, showrooms, individual retail properties, retail properties, and other warehouses.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $129.9k $16.20
    − Vacancy −$11.0k −$1.38
    EGI $118.9k $14.82
    − OpEx −$35.7k −$4.45
    NOI $83.2k $10.38
    8,020 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,216 @ 7.0% cap · market cap 8.41%
    Second Best
    Warehouse
    $748.4K
    $654.9K – $873.2K (±1% cap)
    NOI $52,389 @ 7.0% cap · market cap 5.29%
    Theoretical Best
    Office A
    $2.07M
    $1.81M – $2.41M (±1% cap)
    NOI $144,841 @ 7.0% cap · market cap 14.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spokane Pump Inc Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Green Street Maxi Storage — 3129 E Sharp Ave, Spokane, WA 99202
    • Boone Mini Storage — 3004 E Boone Ave, Spokane, WA 99202
    • U-Pack — 400 N Sycamore St, Spokane, WA 99202

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.356528
    Latitude
    47.669492

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    FAQs

    What type of property is this?
    Warehouse - Commercial property with showroom and easy freeway access in Spokane.
    Where is this warehouse located?
    The property is located at 3626 E Trent Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Prime Location: Close to the new Trent Avenue Interchange on the North/South Freeway.; Industrial‑Retail Zoning: Offers flexibility for various business operations.; Three Drive‑in Overhead Doors: Facilitates efficient loading and unloading.
    (509) 928-3413
    We can help!
    Listing Contact
    Ken Lewis
    Ken Lewis
    Real Estate License ID: 12833
    Request Owner's contact information
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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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