Warehouse Suite for
For Sale
$200,000
9310 East Knox Avenue, Spokane Valley, WA 99206
Suite D3 is available within a warehouse property offered for sale.
Property Size944 SF
Days on Market99
Property Features for 9310 East Knox Avenue
General Information
Standard status
Active
Size
944 SF
Property subtype
Industrial
Building Details
Building Size
944 SF
Listing Agency:
Black Commercial, Inc.
Listed By:
Kayla Saunders, CCIM
(509) 622-3567
Source:
Naiblack
Added: Jun 2
Changed: Aug 31
Last Checked: Sep 7 at 8:08AM
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 warehouse space includes Suite D3, currently listed as available for new occupancy or purchase. The offering is part of a larger warehouse/commercial real estate asset.
The property is located at 9310 East Knox Avenue in Spokane Valley, Washington 99206. This is a straightforward suite availability opportunity within the warehouse building for qualified buyers or tenants seeking a defined unit.
The available space is identified as Suite D3; additional building details and amenities were not provided in the available information.
The property is located at 9310 East Knox Avenue in Spokane Valley, Washington 99206. This is a straightforward suite availability opportunity within the warehouse building for qualified buyers or tenants seeking a defined unit.
The available space is identified as Suite D3; additional building details and amenities were not provided in the available information.
Key Highlights
- Available space in Suite D3 within a warehouse property offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,166
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$123,320
$123.3K
Cap Rate 7%
$88,086
$88.1K
Cap Rate 9%
$68,511
$68.5K
Market Conditions
NOI Build-Up for 944 SF
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.
Gross rent
$8.0K $8.52/SF
− Vacancy
−$788 −$0.83/SF
EGI
$7.3K $7.69/SF
− OpEx
−$1.1K −$1.15/SF
NOI
$6.2K $6.53/SF
Area
Spokane Valley, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$123,320
Cap Rate 7%
$88,086
Cap Rate 9%
$68,511
Alternative Uses
Best Use
Warehouse
$88.1K
$77.1K – $102.8K
NOI $6,166 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.1K
$179.4K – $239.3K
NOI $14,355 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fort Knox Storage — 9310 E Knox Ave, Spokane, WA 99201
Frequently Asked Questions
What type of property is this?
Warehouse - Suite D3 is available within a warehouse property offered for sale.
Where is this warehouse located?
The property is located at 9310 East Knox Avenue Spokane Valley, WA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Available space in Suite D3 within a warehouse property offered for sale
