Office/Warehouse Flex
For Sale
Contact for pricing
4230 E Mission Ave, Spokane Valley, WA 99202
Versatile office, showroom, warehouse, and mezzanine space with a grade-level overhead door and office HVAC.
Property Size7,199 SF
Lot Size0.26 Acres
Price / SF$118.07
Days on Market841
Property Features for 4230 E Mission Ave
General Information
Standard status
Active
Size
7,199 SF
Lot size
0.26 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Jul 10, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:21AM
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
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Investment Insights
Based on property information with market context.
This versatile office/warehouse property offers a functional mix of showroom, office, warehouse, and mezzanine space. The building includes approximately 1,750 SF of office/showroom, 5,449 SF of warehouse area, and a 1,185 SF mezzanine. Operational features include a newer insulated grade-level overhead door with an electric opener, updated LED warehouse lighting, 208V/200 amp/3-phase power, HVAC in the office, and gas-fired warehouse heaters.
Located at the southwest corner of Mission Avenue and Havana Street in Spokane’s established industrial corridor, the property provides quick access to I-90 via Freya and Fancher. Recent improvements include new showroom siding and glass, remodeled restrooms, improved HVAC ducting, and a seamless silicone roofing system installed in 2022 with a 20-year manufacturer product warranty.
Immediate availability is offered for sale or lease, with the configuration designed to support industrial, service, distribution, or trade uses.
Located at the southwest corner of Mission Avenue and Havana Street in Spokane’s established industrial corridor, the property provides quick access to I-90 via Freya and Fancher. Recent improvements include new showroom siding and glass, remodeled restrooms, improved HVAC ducting, and a seamless silicone roofing system installed in 2022 with a 20-year manufacturer product warranty.
Immediate availability is offered for sale or lease, with the configuration designed to support industrial, service, distribution, or trade uses.
Key Highlights
- Highly visible SW corner location at E Mission Ave and Havana St in Spokane’s established industrial corridor
- Approximately 7,199 SF office/warehouse with showroom, office, warehouse, and 1,185 SF mezzanine on an 11,237 SF parcel
- Warehouse features a newer insulated grade‑level overhead door with electric opener and updated LED warehouse lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,026
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,520
$940.5K
Cap Rate 7%
$671,800
$671.8K
Cap Rate 9%
$522,511
$522.5K
Market Conditions
NOI Build-Up for 7,199 SF
Gross rent
$61.3K $8.52/SF
− Vacancy
−$6.0K −$0.83/SF
EGI
$55.3K $7.69/SF
− OpEx
−$8.3K −$1.15/SF
NOI
$47.0K $6.53/SF
Area
Spokane Valley, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,520
Cap Rate 7%
$671,800
Cap Rate 9%
$522,511
Alternative Uses
Best Use
Warehouse
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$598.4K
$523.6K – $698.1K
NOI $41,885 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,471 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile office, showroom, warehouse, and mezzanine space with a grade-level overhead door and office HVAC.
Where is this flex space 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: Highly visible SW corner location at E Mission Ave and Havana St in Spokane’s established industrial corridor; Approximately 7,199 SF office/warehouse with showroom, office, warehouse, and 1,185 SF mezzanine on an 11,237 SF parcel; Warehouse features a newer insulated grade‑level overhead door with electric opener and updated LED warehouse lighting
