Spokane Office Space For
For Sale
Contact for pricing
116 W Pacific Ave, Spokane, WA
10,104 square feet of office space available for lease.
Property Size10,104 SF
Lot Size0.25 Acres
Price / SF$455.27
Days on Market322
Property Features for 116 W Pacific Ave
General Information
Standard status
Active
Size
10,104 SF
Lot size
0.25 Acres
Property subtype
OFFICE
Listing Agency:
Goodale & Barbieri Company
(509) 459-6109
Listed By:
Stephen Barbieri · License #B106903
(509) 344-4919
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 11
Last Checked: Oct 11 at 9:51AM
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 Goodale & Barbieri Company
Investment Insights
Based on property information with market context.
Available for lease is an office space encompassing 10,104 square feet. The property is located in Spokane, WA.
Key Highlights
- 10,104 square feet of office space available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,679
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,580
$2.9M
Cap Rate 7%
$2,066,843
$2.1M
Cap Rate 9%
$1,607,544
$1.6M
Market Conditions
NOI Build-Up for 10,104 SF
Gross rent
$224.3K $22.20/SF
− Vacancy
−$31.4K −$3.11/SF
EGI
$192.9K $19.09/SF
− OpEx
−$48.2K −$4.77/SF
NOI
$144.7K $14.32/SF
Area
Spokane, WA
Vacancy
14.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,580
Cap Rate 7%
$2,066,843
Cap Rate 9%
$1,607,544
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,679 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,478 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,603
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - 10,104 square feet of office space available for lease.
Where is this office units located?
The property is located at 116 W Pacific Ave Spokane, WA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 10,104 square feet of office space available
