Flex Space with Shop and Living
New
For Sale
$1,599,900
14414 S Stangland Rd, Cheney, WA 99004
COMMERCIAL - Cheney, WA
Property Size8,000 SF
Lot Size20.00 Acres
Price / SF$199.99
Days on Market3
Property Features for 14414 S Stangland Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Level, Oversized Lot, Surveyed, Horses Allowed
View
Territorial
Elementary school
Salnave
Middle school
Cheney
High school
Cheney
Elementary school district
Cheney
Directions
Use GPS
Standard status
Active
APN
04325.9031
Size
8,000 SF
Lot size
20.00 Acres
Utilities
Heating system
Hot Water(Heating), Electric (Heating), Heat Pump (Heating)
Building Details
Year built
2024
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Jared Urbick
(509) 489-7000
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 9:06PM
MLS# 202621979
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Flex space opportunity set on 20 acres and improved with an 8,000 SF shop/home. The property includes living quarters with three bedrooms and two bathrooms, along with expansion potential for an additional kitchen and dining area. The shop is supported by radiant heated floors and is laid out for a wide range of uses, with space for sports, tools, RVs, boats, vehicles, and equipment.
Additional improvements include a 2,500 SF wraparound patio for outdoor entertaining, plus a 30' x 12' insulated and drywalled attic for storage or flexible space. The building is described as having a steel frame with a metal roof, and the heating system includes hot water (heating), electric (heating), and a heat pump. Built in 2024.
Outdoor and build-out flexibility is a key part of the offering, with space to add a second home while maintaining the shop and live/work/play setup.
Additional improvements include a 2,500 SF wraparound patio for outdoor entertaining, plus a 30' x 12' insulated and drywalled attic for storage or flexible space. The building is described as having a steel frame with a metal roof, and the heating system includes hot water (heating), electric (heating), and a heat pump. Built in 2024.
Outdoor and build-out flexibility is a key part of the offering, with space to add a second home while maintaining the shop and live/work/play setup.
Key Highlights
- 8,000 SF shop/home with on‑site living quarters
- 3‑bedroom, 2‑bath living quarters with expansion potential
- Radiant heated floors for year‑round comfort
Financial Insights For Flex RnD
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 | $79.7k | $9.96 |
| − Vacancy | −$8.0k | −$1.00 |
| EGI | $71.7k | $8.96 |
| − OpEx | −$25.1k | −$3.14 |
| NOI | $46.6k | $5.83 |
8,000 SF · lease $9.96/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$665.9K
$582.7K – $776.9K
NOI $46,613 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,400 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99004, WA
23,064
Population
8,992
Households
2.6
Avg Household Size
29
Median Age
36%
College-Educated
93%
High-School Grad
334.3 sq mi
ZIP Area
69
Density / Sq Mi
$62,014
Median Household Income
$29,835
Median Earnings
$1,081
Median Rent
$368,500
Median Home Value
Market
Properties on Market for Flex space in Spokane County
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space on 20 acres featuring a heated shop and on-site living quarters with room for vehicles, tools, and equipment.
Where is this flex space located?
The property is located at 14414 S Stangland Rd Cheney, WA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 8,000 SF shop/home with on‑site living quarters; 3‑bedroom, 2‑bath living quarters with expansion potential; Radiant heated floors for year‑round comfort
