Multi-Building Industrial
For Sale
Contact for pricing
3715 S Grove Rd, Spokane, WA 99224
A zoned light industrial campus with office, retail, and broadcast facilities on approximately 30.75 acres in Spokane.
Property Size35,910 SF
Lot Size30.75 Acres
Price / SF$417.71
Days on Market39
Property Features for 3715 S Grove Rd
General Information
Standard status
Active
Size
35,910 SF
Lot size
30.75 Acres
Property subtype
INDUSTRIAL
Zoning
LI
Listing Agency:
SVN Cornerstone LLC
(509) 209-7455
Listed By:
Danny Patterson · License ##114652
(509) 209-7455
Source:
Moodyscre
Added: Jun 23
Changed: Jul 25
Last Checked: Jul 25 at 8:31PM
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.
Located at 3715 S Grove Rd in Spokane, WA, this established institutional-style campus includes multiple buildings designed to support a mix of administrative offices, retail operations, and broadcast facilities. The property has been in continuous operational use for decades as a regional headquarters, reflecting broad functional versatility across the campus.
The site is zoned Light Industrial (LI) and sits on approximately 30.75 acres, providing room for parking, expansion, or redevelopment. Convenient access to major arterials supports connectivity to downtown Spokane, the airport, and the broader Inland Northwest.
With its multi-use building configuration and LI zoning, the property can support continued institutional use or adaptive reuse within the Spokane-Spokane Valley MSA.
The site is zoned Light Industrial (LI) and sits on approximately 30.75 acres, providing room for parking, expansion, or redevelopment. Convenient access to major arterials supports connectivity to downtown Spokane, the airport, and the broader Inland Northwest.
With its multi-use building configuration and LI zoning, the property can support continued institutional use or adaptive reuse within the Spokane-Spokane Valley MSA.
Key Highlights
- Multi‑building institutional campus at 3715 S Grove Rd in Spokane, WA, with decades of continuous regional headquarters use
- Approximately 30.75 acres of land for parking, expansion, or redevelopment
- Zoned LI (Light Industrial), supporting a broad range of commercial, institutional, and adaptive reuse opportunities
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 | $797.2k | $22.20 |
| − Vacancy | −$111.6k | −$3.11 |
| EGI | $685.6k | $19.09 |
| − OpEx | −$171.4k | −$4.77 |
| NOI | $514.2k | $14.32 |
35,910 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.35M
$6.43M – $8.57M
NOI $514,195 @ 7.0% cap · market cap 3.43%
Second Best
Retail
$5.32M
$4.66M – $6.21M
NOI $372,606 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$9.26M
$8.11M – $10.81M
NOI $648,535 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 99224, WA
24,085
Population
10,559
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
118.8 sq mi
ZIP Area
203
Density / Sq Mi
$76,785
Median Household Income
$50,678
Median Earnings
$1,290
Median Rent
$439,700
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.
Frequently Asked Questions
What type of property is this?
Office building - A zoned light industrial campus with office, retail, and broadcast facilities on approximately 30.75 acres in Spokane.
Where is this office building located?
The property is located at 3715 S Grove Rd Spokane, WA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Multi‑building institutional campus at 3715 S Grove Rd in Spokane, WA, with decades of continuous regional headquarters use; Approximately 30.75 acres of land for parking, expansion, or redevelopment; Zoned LI (Light Industrial), supporting a broad range of commercial, institutional, and adaptive reuse opportunities
