Three-Story Renovated Office
For Sale
$2,800,000
2208 Swing Ln, Liberty Lake, WA 99019
Flexible professional facility with elevator service, private offices, conference rooms, and dedicated workstation areas.
Property Size10,820 SF
Lot Size0.76 Acres
Price / SF$258.78
Days on Market71
Property Features for 2208 Swing Ln
General Information
Standard status
Active
Size
10,820 SF
Class
C
Total Parking Spaces
30
Elevators
Yes
Lot size
0.76 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
private offices
conference rooms
breakrooms
reception and lobby area
workstation space
storage rooms
Building Details
Building Size
10,820 SF
Year Built
2001
Year Renovated
2024
Buildings
1
Stories
3
Listing Agency:
Daines Capital
Listed By:
Steven Daines
(509) 590-9114
Source:
Commercialcafe
Added: Jul 30
Changed: Oct 4
Last Checked: Oct 7 at 9:35AM
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 Daines Capital
Investment Insights
Based on property information with market context.
This 10,820-square-foot, three-story office building in Liberty Lake underwent an extensive interior and exterior renovation in 2024. Improvements include a new roof with a 20-year warranty, energy-efficient windows, upgraded exterior finishes, new lighting, new awnings, and a passenger elevator serving all floors. The layout includes 16 private offices, three conference rooms, five restrooms, multiple breakrooms, reception and lobby areas, dedicated workstation space, and storage rooms. The building is designed to accommodate medical, professional, or mixed-use office users.
The property sits on 0.76 acres at 2208 N Swing Ln and provides approximately 30 on-site parking stalls plus additional street parking. It offers access to Interstate 90 and is minutes from Spokane Valley and Coeur d'Alene. The building is located near Liberty Lake's River District, Town Center, major retailers, restaurants, hotels, and other amenities.
The property sits on 0.76 acres at 2208 N Swing Ln and provides approximately 30 on-site parking stalls plus additional street parking. It offers access to Interstate 90 and is minutes from Spokane Valley and Coeur d'Alene. The building is located near Liberty Lake's River District, Town Center, major retailers, restaurants, hotels, and other amenities.
Key Highlights
- 10,820‑square‑foot, three‑story office building
- Extensive interior and exterior renovation completed in 2024
- New roof with a 20‑year warranty, energy‑efficient windows, elevator, lighting, and awnings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,709
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,180
$2.6M
Cap Rate 7%
$1,824,414
$1.8M
Cap Rate 9%
$1,418,989
$1.4M
Market Conditions
NOI Build-Up for 10,820 SF
Gross rent
$216.8K $20.04/SF
− Vacancy
−$46.6K −$4.30/SF
EGI
$170.3K $15.74/SF
− OpEx
−$42.6K −$3.93/SF
NOI
$127.7K $11.80/SF
Area
Spokane County, WA
Vacancy
21.47%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,554,180
Cap Rate 7%
$1,824,414
Cap Rate 9%
$1,418,989
Alternative Uses
Best Use
Office B
$1.82M
$1.60M – $2.13M
NOI $127,709 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$1.67M
$1.46M – $1.95M
NOI $116,846 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,014 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 99019, WA
12,813
Population
5,202
Households
2.5
Avg Household Size
41
Median Age
48%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
575
Density / Sq Mi
$106,780
Median Household Income
$65,754
Median Earnings
$1,790
Median Rent
$558,100
Median Home Value
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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 building - Flexible professional facility with elevator service, private offices, conference rooms, and dedicated workstation areas.
Where is this office building located?
The property is located at 2208 Swing Ln Liberty Lake, WA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 10,820‑square‑foot, three‑story office building; Extensive interior and exterior renovation completed in 2024; New roof with a 20‑year warranty, energy‑efficient windows, elevator, lighting, and awnings
