Flex Warehouse with Roll-Up
1611 S Geiger Blvd Spokane, WA 99224
For Sale
Contact for pricing
Flex warehouse offering 12-foot roll-up door access, 20+ parking spaces, and 1.88 acres for expansion.
Property Size9,000 SF
Lot Size1.88 Acres
Price / SF$83.22
Days on Market409
Property Features for 1611 S Geiger Blvd
General Information
Standard status
Active
Size
9,000 SF
Lot size
1.88 Acres
Property subtype
OFFICE
Listing Agency:
Kelly Right Real Estate of Spokane LLC
(509) 990-4365
Listed By:
Devin Nagel · License #121836
(509) 990-4365
Source:
Moodyscre
Added: Jun 17, 2025
Changed: Jul 25
Last Checked: Jul 29 at 1:35PM
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 Kelly Right Real Estate of Spokane LLC
Investment Insights
Based on property information with market context.
This flex warehouse totals 9,000 square feet and is currently being used by a local church, with space capable of transitioning to additional warehouse and/or office use. The property includes a 12-foot roll-up door and 1.88 acres with 20+ parking spaces, with room to expand the parking layout.
The site is described as strategically located between Spokane, Spokane Airport, Airway Heights, I-90, and Highway 2, supporting convenient regional access.
The building also features at least 750A 3-phase power on site, with the possibility of additional capacity already available. The offering is available for sale.
The site is described as strategically located between Spokane, Spokane Airport, Airway Heights, I-90, and Highway 2, supporting convenient regional access.
The building also features at least 750A 3-phase power on site, with the possibility of additional capacity already available. The offering is available for sale.
Key Highlights
- 9,000 SF space currently used by a local church and capable of transitioning to warehouse and/or additional office space
- 12‑foot roll‑up door for flex warehouse access
- 1.88 acres with room to expand
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 | $76.7k | $8.52 |
| − Vacancy | −$7.5k | −$0.83 |
| EGI | $69.2k | $7.69 |
| − OpEx | −$10.4k | −$1.15 |
| NOI | $58.8k | $6.53 |
9,000 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$839.9K
$734.9K – $979.9K
NOI $58,791 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$748.1K
$654.6K – $872.7K
NOI $52,364 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,540 @ 7.0% cap · market cap 21.70%
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 - Flex warehouse offering 12-foot roll-up door access, 20+ parking spaces, and 1.88 acres for expansion.
Where is this flex space located?
The property is located at 1611 S Geiger Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 9,000 SF space currently used by a local church and capable of transitioning to warehouse and/or additional office space; 12‑foot roll‑up door for flex warehouse access; 1.88 acres with room to expand
