323 S Pines Rd, Spokane, WA 99216
Multi-story office building with on-site parking and detached garage.
- Added:
- Nov 11, 2024
- Days on Market:
- 603
- Last Refresh:
- Jul 4 at 4:02 pm
Property Features for 323 S Pines Rd
General Information
- Standard status
- Active
- Size
- 4,846 SF
- Lot size
- 0.53 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1909
Listing office NAI Black (509) 622-3566
Listing date Nov 11, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Black
HighLights
- Well‑located corner lot on S. Pines Road and E. 4th Avenue.
- On‑site parking lot.
- 4,846 SF +/- Converted Office Building.
- CMU Multi‑Story Zoning.
- Detached Garage (Approx. 700 SF +/-).
- ADA Accessible.
Overview
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 | $107.6k | $22.20 |
| − Vacancy | −$15.1k | −$3.11 |
| EGI | $92.5k | $19.09 |
| − OpEx | −$23.1k | −$4.77 |
| NOI | $69.4k | $14.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.2392184
- Latitude
- 47.6536229
