Mixed-Use Property For
1108 W 2nd Ave Spokane, WA 99201
1108 W 2nd Ave, Spokane, WA, 99201
Contact for pricing
For Sale
Contact for pricing
Mixed-use property available for sale or lease.
Property Size10,450 SF
Price / SF$86.12
Days on Market1736
Property Features for 1108 W 2nd Ave
General Information
- Standard status
- Active
- Size
- 10,450 SF
- Property subtype
- Industrial, Office, Retail
Listing Agency
Kiemle Hagood
(509) 838-6541
Listed by
Tim Kestell · License #WA 84800
Source
Crexi
Added: Oct 15, 2021 Checked: Jul 16 at 11:33 am
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 mixed-use property offers both for sale and lease options. The building has a total size of 10450 square feet. It can be used for industrial, office, and retail purposes.
Key Highlights
- For Sale or Lease
Local Financial Insights For Industrial
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 | $92.8k | $8.88 |
| − Vacancy | −$5.9k | −$0.57 |
| EGI | $86.9k | $8.31 |
| − OpEx | −$26.1k | −$2.49 |
| NOI | $60.8k | $5.82 |
10,450 SF · lease $8.88/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,634 @ 7.0% cap · market cap 16.63%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,812 @ 7.0% cap · market cap 13.87%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property available for sale or lease.
Where is this mixed-use property located?
The property is located at 1108 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: For Sale or Lease
