Industrial Building in Spokane
For Sale
Contact for pricing
10021 E Knox, Spokane Valley, WA
14,094 SF industrial building on a 26,672 SF lot.
Property Size14,094 SF
Lot Size0.61 Acres
Price / SF$159.64
Days on Market389
Property Features for 10021 E Knox
General Information
Standard status
Active
Size
14,094 SF
Lot size
0.61 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 10021 E Knox Contact us- Size
- 14,094 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
Suite 101
AVAILABLE FOR SALE OR LEASE
Industrial property available featuring a 14,094 SF building...
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Listing Agency:
Kiemle Hagood
(509) 755-7514
Listed By:
Erik Nelson · License #24825
(509) 755-7514
Source:
Moodyscre
Added: Jul 28, 2025
Changed: Aug 8
Last Checked: Aug 20 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiemle Hagood
Investment Insights
Based on property information with market context.
This industrial property, available for sale or lease, features a 14,094 square foot building on a 26,672 square foot lot. Constructed in 1980, the well-maintained facility is zoned Industrial, making it suitable for various industrial or warehouse applications. The building is equipped with four grade-level overhead doors to facilitate efficient loading and unloading operations.
Key Highlights
- 14,094 SF building on a 26,672 SF lot.
- Zoned Industrial.
- Four grade‑level overhead doors for efficient loading.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,841,320
$1.8M
Cap Rate 7%
$1,315,229
$1.3M
Cap Rate 9%
$1,022,956
$1.0M
Market Conditions
NOI Build-Up for 14,094 SF
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.
Gross rent
$120.1K $8.52/SF
− Vacancy
−$11.8K −$0.83/SF
EGI
$108.3K $7.69/SF
− OpEx
−$16.2K −$1.15/SF
NOI
$92.1K $6.53/SF
Area
Spokane Valley, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,841,320
Cap Rate 7%
$1,315,229
Cap Rate 9%
$1,022,956
Alternative Uses
Best Use
Warehouse
$1.32M
$1.15M – $1.53M
NOI $92,066 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$1.17M
$1.03M – $1.37M
NOI $82,001 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,319 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Empire Cold Storage — 11016 E Montgomery Dr, Spokane Valley, WA 99206
- Fort Knox Storage — 9310 E Knox Ave, Spokane, WA 99201
- Spokane Boat Repair — 11026 E Empire Ave, Spokane Valley, WA 99206
- Jump Box Mobile Storage — 10115 E Knox Ave, Spokane Valley, WA 99206
Frequently Asked Questions
What type of property is this?
Warehouse - 14,094 SF industrial building on a 26,672 SF lot.
Where is this warehouse located?
The property is located at 10021 E Knox Spokane Valley, WA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 14,094 SF building on a 26,672 SF lot.; Zoned Industrial.; Four grade‑level overhead doors for efficient loading.
