Industrial Warehouse Flex
308-318 S Grant Street Spokane, WA 99202
308-318 S Grant Street, Spokane, WA, 99202
$950,000
For Sale
$950,000
For sale industrial flex/warehouse building offering sizable space for a range of storage and light industrial users.
Property Size11,648 SF
Price / SF$81.56
Days on Market48
Property Features for 308-318 S Grant Street
General Information
- Standard status
- Active
- Size
- 11,648 SF
- Property subtype
- Industrial/Flex Building
Listing Agency
BLACK COMMERCIAL, INC.
(509) 842-4142
Listed by
James Black III, CCIM
(509) 842-4142
Source
Naiblack
Added: Jun 1 Checked: Jul 17 at 6:29 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 BLACK COMMERCIAL, INC.
Investment Insights
Based on property information with market context.
This for-sale industrial flex/warehouse building totals approximately 11,648 SF on a single property, offering a practical footprint for users who need a combination of warehousing and flexible operational space. The space is presented as one consolidated building, suited to tenants and buyers looking for room to store inventory, stage goods, or support light industrial activity within an industrial configuration.
The property is located at 308-318 S Grant Street in Spokane, WA 99202. As an in-city industrial option, it can appeal to operators seeking a building in an established area rather than a remote business park setting.
Because the asset is marketed as flex/warehouse space, it may fit a variety of occupancies, including distribution-focused businesses, contractors, and companies that require both storage capacity and adaptable interior use. Buyers evaluating the opportunity for owner-occupancy or an investment strategy may find the size and consolidated building layout useful for maintaining operational flexibility. Please contact the listing broker for additional details on the building and current configuration.
The property is located at 308-318 S Grant Street in Spokane, WA 99202. As an in-city industrial option, it can appeal to operators seeking a building in an established area rather than a remote business park setting.
Because the asset is marketed as flex/warehouse space, it may fit a variety of occupancies, including distribution-focused businesses, contractors, and companies that require both storage capacity and adaptable interior use. Buyers evaluating the opportunity for owner-occupancy or an investment strategy may find the size and consolidated building layout useful for maintaining operational flexibility. Please contact the listing broker for additional details on the building and current configuration.
Key Highlights
- Industrial flex/warehouse building for sale with 11,648 SF +/-
Local 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 | $99.2k | $8.52 |
| − Vacancy | −$9.7k | −$0.83 |
| EGI | $89.5k | $7.69 |
| − OpEx | −$13.4k | −$1.15 |
| NOI | $76.1k | $6.53 |
11,648 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.09M
$951.1K – $1.27M
NOI $76,088 @ 7.0% cap · market cap 8.01%
Second Best
Industrial
$968.1K
$847.1K – $1.13M
NOI $67,770 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,363 @ 7.0% cap · market cap 22.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Red Rock Catering — 321 W 8th Ave, Spokane, WA 99204
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- Just A Couple Of Moms Catering — 120 N Stevens St, Spokane, WA 99201
- Sodexo — Parking lot, 729 E Desmet Ave, Spokane, WA 99258
- Pasefika Sweet & Savory — 522 W Riverside Ave Suite 4336, Spokane, WA 99201
FAQs
What type of property is this?
Flex space - For sale industrial flex/warehouse building offering sizable space for a range of storage and light industrial users.
Where is this flex space located?
The property is located at 308-318 S Grant Street Spokane, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Industrial flex/warehouse building for sale with 11,648 SF +/-
