Industrial Warehouse Flex
For Sale
$950,000
308-318 S Grant Street, Spokane, WA 99202
For sale industrial flex/warehouse building offering sizable space for a range of storage and light industrial users.
Property Size11,120 SF
Price / SF$81.56
Days on Market140
Property Features for 308-318 S Grant Street
General Information
Standard status
Active
Size
11,120 SF
Property subtype
Industrial/Flex Building
Building Details
Building Size
11,120 SF
Listing Agency:
Black Commercial, Inc.
Listed By:
James Black III, CCIM
(509) 842-4142
Source:
Naiblack
Added: Jun 1
Changed: Oct 11
Last Checked: Oct 16 at 7:39AM
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.
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Investment Insights
Based on property information with market context.
This for-sale industrial flex/warehouse building totals approximately 11,648 SF on a single property, offering a practical footprint for users who need a combination of warehousing and flexible operational space. The space is presented as one consolidated building, suited to tenants and buyers looking for room to store inventory, stage goods, or support light industrial activity within an industrial configuration.
The property is located at 308-318 S Grant Street in Spokane, WA 99202. As an in-city industrial option, it can appeal to operators seeking a building in an established area rather than a remote business park setting.
Because the asset is marketed as flex/warehouse space, it may fit a variety of occupancies, including distribution-focused businesses, contractors, and companies that require both storage capacity and adaptable interior use. Buyers evaluating the opportunity for owner-occupancy or an investment strategy may find the size and consolidated building layout useful for maintaining operational flexibility. Please contact the listing broker for additional details on the building and current configuration.
The property is located at 308-318 S Grant Street in Spokane, WA 99202. As an in-city industrial option, it can appeal to operators seeking a building in an established area rather than a remote business park setting.
Because the asset is marketed as flex/warehouse space, it may fit a variety of occupancies, including distribution-focused businesses, contractors, and companies that require both storage capacity and adaptable interior use. Buyers evaluating the opportunity for owner-occupancy or an investment strategy may find the size and consolidated building layout useful for maintaining operational flexibility. Please contact the listing broker for additional details on the building and current configuration.
Key Highlights
- Industrial flex/warehouse building for sale with 11,648 SF +/-
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,770
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,400
$1.4M
Cap Rate 7%
$968,143
$968.1K
Cap Rate 9%
$753,000
$753.0K
Market Conditions
NOI Build-Up for 11,648 SF
Gross rent
$103.4K $8.88/SF
− Vacancy
−$6.6K −$0.57/SF
EGI
$96.8K $8.31/SF
− OpEx
−$29.0K −$2.49/SF
NOI
$67.8K $5.82/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,400
Cap Rate 7%
$968,143
Cap Rate 9%
$753,000
Alternative Uses
Best Use
Industrial
$968.1K
$847.1K – $1.13M
NOI $67,770 @ 7.0% cap · market cap 7.13%
Second Best
Flex RnD
$899.0K
$786.6K – $1.05M
NOI $62,929 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,363 @ 7.0% cap · market cap 22.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,394
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Just A Couple Of Moms Catering — 120 N Stevens St, Spokane, WA 99201
- Nectar Catering and Events — 120 N Stevens St, Spokane, WA 99201
Frequently Asked Questions
What type of property is this?
Flex space - For sale industrial flex/warehouse building offering sizable space for a range of storage and light industrial users.
Where is this flex space located?
The property is located at 308-318 S Grant Street Spokane, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Industrial flex/warehouse building for sale with 11,648 SF +/-
