Versatile Live/Work Light Industrial
10623 E Montgomery Dr Spokane Valley, WA 99206
For Sale
$498,500
Light industrial property suitable for live/work or commercial operations.
Property Size2,000 SF
Lot Size0.28 Acres
Price / SF$249.25
Days on Market184
Property Features for 10623 E Montgomery Dr
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.28 Acres
Listing Agency:
Avalon 24 Real Estate
(509) 998-0988
Listed By:
Aryn Presta
(509) 998-0988
Source:
Exprealty
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 29 at 1:45PM
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 Avalon 24 Real Estate
Investment Insights
Based on property information with market context.
This light industrial zoned property is suited for a live/work setup or commercial operations. The property features six office areas and three bathrooms, with space for two additional offices on the main floor. The ground level, spanning just under 2,000 sq ft, includes a conference room, a smaller meeting space, a functional kitchen, and a shop area. Upstairs, there are three large bedrooms convertible to premium office suites, with the option for separate exterior access. Situated on a quarter-acre corner lot, the site provides parking for up to nine vehicles, a 30x24 garage/shop, and high visibility with high daily traffic counts. Every room is wired for high-speed internet.
Key Highlights
- Light industrial zoning suitable for live/work or commercial use.
- Prime quarter‑acre corner lot with high visibility and traffic.
- Ample parking for up to nine vehicles plus a 30x24 garage/shop.
Financial Insights For Mixed Use
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 | $38.4k | $19.20 |
| − Vacancy | −$3.5k | −$1.73 |
| EGI | $34.9k | $17.47 |
| − OpEx | −$13.1k | −$6.55 |
| NOI | $21.8k | $10.92 |
2,000 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 4.38%
Second Best
Office B
$306.0K
$267.8K – $357.0K
NOI $21,420 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Light industrial property suitable for live/work or commercial operations.
Where is this live-work space located?
The property is located at 10623 E Montgomery Dr Spokane Valley, WA.
What is the asking price?
The asking price for this property is $498,500.
What are key features of this property?
This property features: Light industrial zoning suitable for live/work or commercial use.; **Prime quarter‑acre corner lot with high visibility and traffic.**; Ample parking for up to nine vehicles plus a **30x24 garage/shop.**
