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    Spokane Valley Office Space Available Title is generated by Realmo AI

    323 S Pines, Spokane Valley, WA

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    Office space available for rent in Spokane Valley, Washington.

    Type:OFFICE
    Property size:
    4,846 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $201/SF
    Added:
    Oct 17, 2024
    Days on Market:
    627
    Last Refresh:
    May 19 at 10:43 pm

    Property Features for 323 S Pines

    General Information

    Standard status
    Active
    Size
    4,846 SF
    Lot size
    0.53 Acres
    Property subtype
    OFFICE

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    Jon Jeffreys, SIOR

    Listing office Black Commercial, Inc.

    Listing date Oct 17, 2024

    Source Moodyscre

    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.

    HighLights

    • Please see marketing flyer for more information.
    • Contact listing broker for more information.
    • NNNs are estimates.
    • NNNs are subject to change.

    Overview

    This office space, encompassing 4,846 square feet, is available for rent in Spokane Valley, Washington. Please refer to the marketing flyer and contact the listing broker for further details. Note that NNN estimates are subject to change.

    Local 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 $81.4k $16.80
    − Vacancy −$12.2k −$2.52
    EGI $69.2k $14.28
    − OpEx −$17.3k −$3.57
    NOI $51.9k $10.71
    4,846 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $741.4K
    $648.8K – $865.0K (±1% cap)
    NOI $51,901 @ 7.0% cap · market cap 5.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.05M
    $921.1K – $1.23M (±1% cap)
    NOI $73,690 @ 7.0% cap · market cap 7.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    HVAC Service Big Box & Wholesale Store Law Firm Electrical Service Shopping Center & Mall (Bike/Boat/Book/etc) Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Garden Center Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.151
    Latitude
    47.7189

    FAQs

    What type of property is this?
    Office units - Office space available for rent in Spokane Valley, Washington.
    Where is this office units located?
    The property is located at 323 S Pines Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Please see marketing flyer for more information.; Contact listing broker for more information.; NNNs are estimates.
    (509) 622-3566 Call to check price and availability
    More about this property
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