Office/Warehouse Flex
4230 E Mission Ave Spokane Valley, WA 99202
For Sale
Contact for pricing
Versatile office, showroom, warehouse, and mezzanine space with a grade-level overhead door and office HVAC.
Property Size7,199 SF
Lot Size0.26 Acres
Price / SF$118.07
Days on Market750
Property Features for 4230 E Mission Ave
General Information
Standard status
Active
Size
7,199 SF
Lot size
0.26 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Kiemle Hagood
(509) 755-7524
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Jul 10, 2024
Changed: Jul 28
Last Checked: Jul 29 at 12:26PM
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 versatile office/warehouse property offers a functional mix of showroom, office, warehouse, and mezzanine space. The building includes approximately 1,750 SF of office/showroom, 5,449 SF of warehouse area, and a 1,185 SF mezzanine. Operational features include a newer insulated grade-level overhead door with an electric opener, updated LED warehouse lighting, 208V/200 amp/3-phase power, HVAC in the office, and gas-fired warehouse heaters.
Located at the southwest corner of Mission Avenue and Havana Street in Spokane’s established industrial corridor, the property provides quick access to I-90 via Freya and Fancher. Recent improvements include new showroom siding and glass, remodeled restrooms, improved HVAC ducting, and a seamless silicone roofing system installed in 2022 with a 20-year manufacturer product warranty.
Immediate availability is offered for sale or lease, with the configuration designed to support industrial, service, distribution, or trade uses.
Located at the southwest corner of Mission Avenue and Havana Street in Spokane’s established industrial corridor, the property provides quick access to I-90 via Freya and Fancher. Recent improvements include new showroom siding and glass, remodeled restrooms, improved HVAC ducting, and a seamless silicone roofing system installed in 2022 with a 20-year manufacturer product warranty.
Immediate availability is offered for sale or lease, with the configuration designed to support industrial, service, distribution, or trade uses.
Key Highlights
- Highly visible SW corner location at E Mission Ave and Havana St in Spokane’s established industrial corridor
- Approximately 7,199 SF office/warehouse with showroom, office, warehouse, and 1,185 SF mezzanine on an 11,237 SF parcel
- Warehouse features a newer insulated grade‑level overhead door with electric opener and updated LED warehouse lighting
Financial Insights For Office B
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 | $120.9k | $16.80 |
| − Vacancy | −$18.1k | −$2.52 |
| EGI | $102.8k | $14.28 |
| − OpEx | −$25.7k | −$3.57 |
| NOI | $77.1k | $10.71 |
7,199 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$963.8K – $1.29M
NOI $77,101 @ 7.0% cap · market cap 9.07%
Second Best
Warehouse
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,471 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office, showroom, warehouse, and mezzanine space with a grade-level overhead door and office HVAC.
Where is this flex space located?
The property is located at 4230 E Mission Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Highly visible SW corner location at E Mission Ave and Havana St in Spokane’s established industrial corridor; Approximately 7,199 SF office/warehouse with showroom, office, warehouse, and 1,185 SF mezzanine on an 11,237 SF parcel; Warehouse features a newer insulated grade‑level overhead door with electric opener and updated LED warehouse lighting
