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    Flex Warehouse Office Space Title is generated by Realmo AI

    4230 E Mission Ave, Spokane Valley, WA

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    Flex/warehouse/office space with recent improvements, great location.

    Type:INDUSTRIAL
    Property size:
    7,199 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $118/SF
    Added:
    Jul 10, 2024
    Days on Market:
    713
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 4230 E Mission Ave

    General Information

    Standard status
    Active
    Size
    7,199 SF
    Lot size
    0.26 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 4230 E Mission Ave Contact us

    We can help!

    Listing Contact
    Mark Lucas
    Mark Lucas

    Listing agent Mark Lucas

    Listing office Kiemle Hagood

    Listing date Jul 10, 2024

    Source Moodyscre

    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

    HighLights

    • Great location in the periphery of downtown
    • Flex / warehouse / office space
    • Features 3 phase power
    • Many recent improvements
    • For sale or lease
    • See flyer for details, floor plan and interior photos

    Overview

    This flex, warehouse, and office space is available for sale or lease. The property features 3-phase power and has undergone many recent improvements. The building has a total area of 7199 square feet and is located in the periphery of downtown. NNN costs are to be verified.

    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 $61.3k $8.52
    − Vacancy −$6.0k −$0.83
    EGI $55.3k $7.69
    − OpEx −$8.3k −$1.15
    NOI $47.0k $6.53
    7,199 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $671.8K
    $587.8K – $783.8K (±1% cap)
    NOI $47,026 @ 7.0% cap · market cap 5.53%
    Second Best
    Industrial
    $598.4K
    $523.6K – $698.1K (±1% cap)
    NOI $41,885 @ 7.0% cap · market cap 4.93%
    Theoretical Best
    Office A
    $1.56M
    $1.37M – $1.82M (±1% cap)
    NOI $109,471 @ 7.0% cap · market cap 12.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

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    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.346
    Latitude
    47.6716

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    FAQs

    What type of property is this?
    Warehouse - Flex/warehouse/office space with recent improvements, great location.
    Where is this warehouse located?
    The property is located at 4230 E Mission Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Great location in the periphery of downtown; Flex / warehouse / office space; Features 3 phase power
    (509) 755-7524 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Lucas
    Mark Lucas
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