New Flex
11000 W Westbow Blvd., Spokane, WA 99004
For Sale
Contact for pricing
Regional Commercial-zoned property with Interstate 90 access near an interchange.
Property Size8,000 SF
Price / SF$60.96
Days on Market106
Property Features for 11000 W Westbow Blvd.
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Rail Access
Cold Storage
Conditioned Warehouse
Additional Details
Opportunity Zone
Building Details
Buildings
Stories
Building Size
Abandoned
Listing Agency:
Hawkins Edwards
Listed By:
Kevin Edwards
(509) 939-8828
Source:
Crexi
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 10 at 5:59AM
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 Hawkins Edwards
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property is positioned for a newly constructed building under a full building permit. The approved project encompasses 8,000 square feet and is associated with a property size of 8,120 square feet. Regional Commercial zoning supports its placement within an industrial and commercial corridor.
The site is along Interstate 90 and near an interchange, providing direct access to a major regional transportation route. Its location on W. Westbow Blvd. places the property within the established industrial and commercial corridor described for the site.
The site is along Interstate 90 and near an interchange, providing direct access to a major regional transportation route. Its location on W. Westbow Blvd. places the property within the established industrial and commercial corridor described for the site.
Key Highlights
- Full permit issued for an 8,000 SqFt flex building
- 8,120‑square‑foot property size
- Regional Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,869
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,380
$877.4K
Cap Rate 7%
$626,700
$626.7K
Cap Rate 9%
$487,433
$487.4K
Market Conditions
NOI Build-Up for 8,120 SF
Gross rent
$72.1K $8.88/SF
− Vacancy
−$4.6K −$0.57/SF
EGI
$67.5K $8.31/SF
− OpEx
−$23.6K −$2.91/SF
NOI
$43.9K $5.40/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,380
Cap Rate 7%
$626,700
Cap Rate 9%
$487,433
Alternative Uses
Best Use
Industrial
$674.9K
$590.6K – $787.4K
NOI $47,244 @ 7.0% cap · market cap 9.54%
Second Best
Flex RnD
$626.7K
$548.4K – $731.2K
NOI $43,869 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,647 @ 7.0% cap · market cap 29.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99004, WA
23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Spokane, WA
Properties on Market for Flex space in Spokane
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Regional Commercial-zoned property with Interstate 90 access near an interchange.
Where is this flex space located?
The property is located at 11000 W Westbow Blvd. Spokane, WA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Full permit issued for an 8,000 SqFt flex building; 8,120‑square‑foot property size; Regional Commercial zoning
