Office/Warehouse Property For
4230 E Mission Ave Spokane, WA 99202
4230 E Mission Ave, Spokane, WA, 99202
Contact for pricing
For Sale
Contact for pricing
Office/warehouse property with recent updates, available for sale or lease.
Property Size7,199 SF
Price / SF$118.07
Days on Market738
Property Features for 4230 E Mission Ave
General Information
- Standard status
- Active
- Size
- 7,199 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing Agency
Kiemle HaGood
(509) 755-7588
Listed by
Tracy Poff · License #WA
Source
Crexi
Added: Jul 10, 2024 Checked: Jul 16 at 4:42 am
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
Investment Insights
Based on property information with market context.
This office and warehouse property is located on the border between the city of Spokane and Spokane Valley. It is available for sale at a reduced price and is also available for lease. The property has undergone many recent updates. On-site parking is paved. The warehouse includes a grade-level overhead door and new LED lighting. The office area features newer carpet and new storefront siding and glass. The building has a total area of 7199 square feet.
Key Highlights
- Reduced Sale Price
- Office / Warehouse Property
- Located on Spokane/Spokane Valley Border
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
Office B
$1.47M
$1.29M – $1.72M
NOI $103,082 @ 7.0% cap · market cap 12.13%
Second Best
Warehouse
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,014 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Office/warehouse property with recent updates, available for sale or lease.
Where is this warehouse located?
The property is located at 4230 E Mission Ave Spokane, 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: Reduced Sale Price; Office / Warehouse Property; Located on Spokane/Spokane Valley Border
