Multi-Tenant Professional Office
8727 HWY 2, Spokane, WA 99224
COMMERCIAL - Spokane, WA
Property size:
10,214 SFLot size:
1.49 AcresPrice / SF:
$234/SF- Added:
- Jul 23, 2025
- Days on Market:
- 351
- Last Refresh:
- Jul 8 at 8:06 pm
Property Features for 8727 HWY 2
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- LIGHT INDUST
- Interior features
- Elevator, Handicap Restrooms, Phone Prewired
- Exterior features
- Lighting, Lawn
- Basement
- None
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Active
- APN
- 25292.9055
- Size
- 10,214 SF
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Please see legal description in the attached documents.
- Tax Annual Amount
- 14642
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2001
- Building materials
- Brick, Concrete
- Roof type
- Composition
- Architectural style
- Other
Listing agent Rob Kannapien License #SP26107 (208) 704-3832
Listing office Coldwell Banker Schneidmiller Realty 1924 Northwest Blvd, Coeur D'Alene, WA (800) 829-2555
Listing date Jul 23, 2025
MLS# 25-7661
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10,214 SF multi‑tenant professional office building on 1.49 acres in Spokane on Hwy 2, north of Spokane International Airport
- Traffic counts on Hwy 2 are listed as 28,000 cars per day; about 3 miles from I‑90
- Built in 2001 and constructed with brick/concrete; composition roof
- Main level includes 5,134 SF with large open bull‑pen, 6 private offices, built‑in reception, 2 restrooms, and a bank vault
- Second floor includes 5,080 SF with large bull‑pen, 10 private offices, large conference room with storage, and 2 restrooms
- Accessibility and building systems include an elevator, accessible approach with ramp, central air, forced‑air heating (natural gas/electric), and public sewer/water
Overview
This multi-tenant professional office building totals 10,214 square feet on 1.49 acres, built for office operations across two levels. The 5,134-square-foot main level includes a large open bull-pen area, two work areas, six private offices, a built-in reception area, two restrooms, and a bank vault. It also offers glass viewing windows to a drive-through area and includes a working pneumatic tube system. The second floor provides 5,080 square feet with a large bull-pen area, built-in reception, ten private offices, a large conference room with additional storage, a breakroom, two restrooms, a janitor closet, and two dedicated mechanical rooms. An elevator serves the building, and the suite includes a separate back entrance/exit.
The property is located in Spokane on Highway 2 north of the Spokane International Airport, approximately three miles from Interstate 90. Public remarks indicate excellent visibility and traffic counts of 28,000 cars per day. Exterior improvements include good parking and landscaped grounds, along with an interior reader board and a monument sign.
Designed to support multiple office functions, the building’s mix of open bull-pen work areas, private offices, conference space, restrooms, and mechanical rooms can accommodate a range of professional users or tenants needing both collaboration and privacy. The presence of drive-through-related features, back access, and multiple entry/exit options may be particularly useful for organizations that value direct service access alongside standard office layout.
The property is located in Spokane on Highway 2 north of the Spokane International Airport, approximately three miles from Interstate 90. Public remarks indicate excellent visibility and traffic counts of 28,000 cars per day. Exterior improvements include good parking and landscaped grounds, along with an interior reader board and a monument sign.
Designed to support multiple office functions, the building’s mix of open bull-pen work areas, private offices, conference space, restrooms, and mechanical rooms can accommodate a range of professional users or tenants needing both collaboration and privacy. The presence of drive-through-related features, back access, and multiple entry/exit options may be particularly useful for organizations that value direct service access alongside standard office layout.
Local Financial Insights For Office B
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 | $226.8k | $22.20 |
| − Vacancy | −$31.7k | −$3.11 |
| EGI | $195.0k | $19.09 |
| − OpEx | −$48.8k | −$4.77 |
| NOI | $146.3k | $14.32 |
10,214 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.09M
$1.83M – $2.44M
NOI $146,254 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,465 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.533483
- Latitude
- 47.642604
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Multi-tenant office property with drive-through-focused features and ample parking on a landscaped, highway-adjacent site.
Where is this office building located?
The property is located at 8727 HWY 2 Spokane, WA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,214 SF multi‑tenant professional office building on 1.49 acres in Spokane on Hwy 2, north of Spokane International Airport; Traffic counts on Hwy 2 are listed as 28,000 cars per day; about 3 miles from I‑90; Built in 2001 and constructed with brick/concrete; composition roof
