Flex Space with Drive-Through
For Sale
Contact for pricing
34 E Spokane Falls Blvd, Spokane, WA 99202
Flex space with overhead doors and drive-through vehicle access plus a fenced outdoor parking area with an automatic gate.
Property Size3,750 SF
Price / SF$333.33
Days on Market253
Property Features for 34 E Spokane Falls Blvd
General Information
Standard status
Active
Size
3,750 SF
Property subtype
OFFICE
Listing Agency:
Kiemle Hagood
(509) 755-7543
Listed By:
Carl Guenzel
(509) 755-7543
Source:
Moodyscre
Added: Nov 20, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:00AM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
Flex space that was previously used as a bank office and is designed for secure, adaptable operations. The building includes overhead doors that allow vehicles to drive through the building, making it suitable for uses such as indoor parking, warehouse operations, or office space.
The property also features a fully fenced outdoor parking area with an automatic security gate. It is positioned in an area described as within walking distance to downtown.
With vehicle-friendly access both inside the building and in the secured outdoor parking, the layout supports a range of light industrial, storage, and office-adjacent requirements.
The property also features a fully fenced outdoor parking area with an automatic security gate. It is positioned in an area described as within walking distance to downtown.
With vehicle-friendly access both inside the building and in the secured outdoor parking, the layout supports a range of light industrial, storage, and office-adjacent requirements.
Key Highlights
- 3,750 SF flex space previously used as a bank office
- Overhead doors allow vehicles to drive through the building
- Indoor parking, warehouse, or office use potential
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 | $83.3k | $22.20 |
| − Vacancy | −$11.7k | −$3.11 |
| EGI | $71.6k | $19.09 |
| − OpEx | −$17.9k | −$4.77 |
| NOI | $53.7k | $14.32 |
3,750 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$767.1K
$671.2K – $894.9K
NOI $53,696 @ 7.0% cap · market cap 4.30%
Second Best
Warehouse
$349.9K
$306.2K – $408.3K
NOI $24,496 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$967.5K
$846.6K – $1.13M
NOI $67,725 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with overhead doors and drive-through vehicle access plus a fenced outdoor parking area with an automatic gate.
Where is this flex space located?
The property is located at 34 E Spokane Falls Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,750 SF flex space previously used as a bank office; Overhead doors allow vehicles to drive through the building; Indoor parking, warehouse, or office use potential
