Industrial Warehouse and Production
3405 E Bismark Ct Spokane, WA 99217
3405 E Bismark Ct, Spokane, WA, 99217
$5,500,000
For Sale
$5,500,000
Vacant industrial building with office space, heavy power, and multiple dock and grade loading plus ample yard.
Property Size53,371 SF
Lot Size4.59 Acres
Price / SF$103.05
Days on Market28
Property Features for 3405 E Bismark Ct
General Information
- Standard status
- Active
- Size
- 53,371 SF
- Lot size
- 4.59 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1993
Listing agency
SVN Cornerstone LLC
(509) 953-5109
Listed by
Guy D. Byrd, SIOR · License #WA #17968
(509) 953-5109
Source
Svncornerstone
Added: Jun 25 Updated: Jul 22 at 6:01PM Checked: Jul 22 at 6:01PM
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 SVN Cornerstone LLC
Investment Insights
Based on property information with market context.
This 53,371-square-foot industrial building is currently vacant and was formerly used for food processing and manufacturing, offering a flexible interior layout for production, warehousing, or distribution. The property includes office space with a breakroom and conference rooms, along with large warehouse areas with tall ceilings and heavy infrastructure. Loading capabilities include both dock and grade loading, supported by heavy power, and the site provides ample yard space for outdoor operations.
The facility sits on two parcels totaling 4.59 acres in Spokane, Washington, with ample parking and additional land that may support parking or storage needs. Rail access is described as served by BNSF, and the property also has freeway visibility.
Given the combination of warehouse height, office improvements, loading variety, and rail-accessible configuration, the building is well suited for owner-users and investors looking to reposition a functional industrial asset.
The facility sits on two parcels totaling 4.59 acres in Spokane, Washington, with ample parking and additional land that may support parking or storage needs. Rail access is described as served by BNSF, and the property also has freeway visibility.
Given the combination of warehouse height, office improvements, loading variety, and rail-accessible configuration, the building is well suited for owner-users and investors looking to reposition a functional industrial asset.
Key Highlights
- 53,371 SF industrial building built in 1993, formerly used for food processing and manufacturing
- Vacant and ready for immediate occupancy
- Two parcels totaling 4.59 acres with ample yard space
Local 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 | $454.7k | $8.52 |
| − Vacancy | −$44.6k | −$0.83 |
| EGI | $410.2k | $7.69 |
| − OpEx | −$61.5k | −$1.15 |
| NOI | $348.6k | $6.53 |
53,371 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.98M
$4.36M – $5.81M
NOI $348,635 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$4.44M
$3.88M – $5.18M
NOI $310,522 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$13.77M
$12.05M – $16.06M
NOI $963,880 @ 7.0% cap · market cap 17.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Philadelphia Macaroni Co
Food Processing Plant
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Vacant industrial building with office space, heavy power, and multiple dock and grade loading plus ample yard.
Where is this manufacturing property located?
The property is located at 3405 E Bismark Ct Spokane, WA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 53,371 SF industrial building built in 1993, formerly used for food processing and manufacturing; Vacant and ready for immediate occupancy; Two parcels totaling 4.59 acres with ample yard space
