Warehouse with Loading
1108-1110 W 2nd Ave Spokane, WA 99201
For Sale
Contact for pricing
Warehouse space offers up to 15' clearance, full HVAC, and a loading dock with two overhead doors.
Property Size10,450 SF
Price / SF$86.12
Days on Market1759
Property Features for 1108-1110 W 2nd Ave
General Information
Standard status
Active
Size
10,450 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Kiemle Hagood
(509) 755-7542
Listed By:
Tim Kestell · License #84800
(509) 755-7542
Source:
Moodyscre
Added: Oct 6, 2021
Changed: Jul 25
Last Checked: Jul 29 at 3:33PM
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 warehouse property includes approximately 4,900 SF of warehouse area with up to about 15' clearance and full HVAC. The building uses solid concrete block construction and features a loading dock with two overhead doors measuring 10'H x 8'W each.
The property provides parking for 10 spaces. Zoning is listed as Downtown General (DG).
The property provides parking for 10 spaces. Zoning is listed as Downtown General (DG).
Key Highlights
- Warehouse area of +/- 4,900 SF with up to +/- 15' clearance
- Full HVAC in the warehouse area
- Loading dock with 2 overhead doors: 1 (10'H x 8'W) and 1 (10'H x 8'W)
Financial Insights For Warehouse
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 | $89.0k | $8.52 |
| − Vacancy | −$8.7k | −$0.83 |
| EGI | $80.3k | $7.69 |
| − OpEx | −$12.0k | −$1.15 |
| NOI | $68.3k | $6.53 |
10,450 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$975.2K
$853.3K – $1.14M
NOI $68,262 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,727 @ 7.0% cap · market cap 20.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- National Storage Tank, Inc. — 707 West Main Avenue Suite B1 PMB 123, Spokane, WA 99201
- Near2Me Storage Units — 1213 W Railroad Alley, Spokane, WA 99201
- Wall Street Storage — 124 S Wall St, Spokane, WA 99201
- storage pro — 124 s wall st, spokane, wa 99201
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse space offers up to 15' clearance, full HVAC, and a loading dock with two overhead doors.
Where is this warehouse located?
The property is located at 1108-1110 W 2nd Ave Spokane, WA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Warehouse area of +/- 4,900 SF with up to +/- 15' clearance; Full HVAC in the warehouse area; Loading dock with 2 overhead doors: 1 (10'H x 8'W) and 1 (10'H x 8'W)
