New Construction Warehouse Space
For Sale
$2,550,000
10819 East Trent Avenue Building A & B, Spokane Valley, WA 99206
New construction warehouse in Spokane Valley, estimated completion 9/2025.
Property Size12,896 SF
Price / SF$197.74
Days on Market274
Property Features for 10819 East Trent Avenue Building A & B
General Information
Standard status
Active
Size
12,896 SF
Property subtype
Brand New Warehouse Complex
Building Details
Building Size
12,896 SF
Listing Agency:
(509) 951-3669
Listed By:
Bryan Walker
(509) 951-3669
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 10
Last Checked: Aug 21 at 4:11AM
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 Bryan Walker
Investment Insights
Based on property information with market context.
This property features two buildings, each measuring approximately 6,448 square feet, for a total project size of approximately 12,896 square feet. The lot size is approximately 40,960 square feet. The property is planned to have 6 units, each approximately 2,158 square feet. Each unit includes completely finished warehouse space, an office, and a bathroom with a shower. The ceiling height is 16 to 18 feet. Each unit has an overhead door measuring 14 feet high and 16 inches wide. The office space has air conditioning with cadet heating, and the warehouse has gas heat. The property has 3-phase power and ample parking. Estimated completion is September 2025 and is located in Spokane Valley.
Key Highlights
- Completely finished warehouse space ready for immediate use.
- New construction (estimated completion 9/2025).
- Benefit from 16/18 foot ceiling height suitable for various uses.
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
$84,240
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
3.30%
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%
$1,684,800
$1.7M
Cap Rate 7%
$1,203,429
$1.2M
Cap Rate 9%
$936,000
$936.0K
Market Conditions
NOI Build-Up for 12,896 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
$109.9K $8.52/SF
− Vacancy
−$10.8K −$0.83/SF
EGI
$99.1K $7.69/SF
− OpEx
−$14.9K −$1.15/SF
NOI
$84.2K $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%
$1,684,800
Cap Rate 7%
$1,203,429
Cap Rate 9%
$936,000
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,240 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$1.07M
$937.9K – $1.25M
NOI $75,031 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,102 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - New construction warehouse in Spokane Valley, estimated completion 9/2025.
Where is this warehouse located?
The property is located at 10819 East Trent Avenue Building A & B Spokane Valley, WA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Completely finished warehouse space ready for immediate use.; New construction (estimated completion 9/2025).; Benefit from **16/18 foot ceiling height** suitable for various uses.
