Spokane Industrial Retail Showroom For
For Sale
$990,000
3626 E Trent Ave, Spokane, WA 99202
Industrial-Retail zoned showroom with easy access and security system.
Property Size8,020 SF
Price / SF$123.44
Days on Market271
Property Features for 3626 E Trent Ave
General Information
Standard status
Active
Size
8,020 SF
Listing Agency:
First Look Real Estate
(509) 981-7778
Listed By:
Ken Lewis · License #12833
(509) 981-7778
Source:
Exprealty
Added: Nov 11, 2025
Changed: Jul 10
Last Checked: Aug 9 at 9:54AM
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 First Look Real Estate
Investment Insights
Based on property information with market context.
This 8,020-square-foot property is located a few blocks from the new Trent Avenue Interchange on the North/South Freeway. It features three drive-in overhead doors and offers convenient access from Trent, Sycamore, or Boone. The zoning is Industrial-Retail, making it suitable for a showroom or retail space. The property is equipped with an active security system.
Key Highlights
- Excellent Location: Close to the new Trent Avenue Interchange.
- Multiple Drive‑In Doors: Features 3 drive‑in overhead doors.
- Flexible Zoning: Zoned Industrial‑Retail, allowing various business uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,664,320
$1.7M
Cap Rate 7%
$1,188,800
$1.2M
Cap Rate 9%
$924,622
$924.6K
Market Conditions
NOI Build-Up for 8,020 SF
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.
Gross rent
$129.9K $16.20/SF
− Vacancy
−$11.0K −$1.38/SF
EGI
$118.9K $14.82/SF
− OpEx
−$35.7K −$4.45/SF
NOI
$83.2K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,664,320
Cap Rate 7%
$1,188,800
Cap Rate 9%
$924,622
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,216 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,841 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Well-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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Daltile, Marazzi Sales Service Center — East 4000 Broadway, Spokane, WA 99202
- T & A Supply Company Inc — 3904 E Ferry Ave, Spokane, WA 99202
Frequently Asked Questions
What type of property is this?
Showroom - Industrial-Retail zoned showroom with easy access and security system.
Where is this showroom located?
The property is located at 3626 E Trent Ave Spokane, WA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Excellent Location: Close to the new Trent Avenue Interchange.; Multiple Drive‑In Doors: Features 3 drive‑in overhead doors.; Flexible Zoning: Zoned Industrial‑Retail, allowing various business uses.
