Warehouse Property for
For Sale
Contact for pricing
4304 E Trent Ave, Spokane, WA 99212
Industrial warehouse property positioned at a busy intersection for straightforward commercial visibility and access.
Property Size10,024 SF
Price / SF$129.19
Days on Market127
Property Features for 4304 E Trent Ave
General Information
Standard status
Active
Size
10,024 SF
Property subtype
INDUSTRIAL
Properties For Sale
at 4304 E Trent Ave Contact us- Size
- 10,024 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE
4304 E Trent Ave
For additional information please see flyer and contact listing broker.
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Listing Agency:
Black Commercial, Inc.
(509) 623-1000
Listed By:
Jim Orcutt
(509) 622-3558
Source:
Moodyscre
Added: Apr 29
Changed: Aug 23
Last Checked: Sep 1 at 11:02PM
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 Black Commercial, Inc.
Investment Insights
Based on property information with market context.
This for-sale warehouse property offers an industrial-focused footprint suitable for a range of storage and distribution needs. The offering is classified among warehouses and industrial properties, giving it the physical orientation most logistics- and operations-minded users look for. If you’re evaluating options that benefit from an operational layout rather than a purely retail format, this property provides a practical warehouse platform.
The location is highlighted by its prime setting at the intersection of E. Trent Ave. and N. Havana St. This corner position can support day-to-day accessibility for employees, deliveries, and vendor access. For businesses that value convenient ingress and egress for inbound and outbound activity, the intersection setting is an important consideration.
As an investment or occupancy opportunity, this warehouse property may fit tenants and buyers seeking an industrial asset in a commercial corridor with strong exposure potential from a major intersection. It’s a straightforward choice for operators who want an industrial warehouse component as part of their plan, whether for current operations or as a future-use acquisition.
The location is highlighted by its prime setting at the intersection of E. Trent Ave. and N. Havana St. This corner position can support day-to-day accessibility for employees, deliveries, and vendor access. For businesses that value convenient ingress and egress for inbound and outbound activity, the intersection setting is an important consideration.
As an investment or occupancy opportunity, this warehouse property may fit tenants and buyers seeking an industrial asset in a commercial corridor with strong exposure potential from a major intersection. It’s a straightforward choice for operators who want an industrial warehouse component as part of their plan, whether for current operations or as a future-use acquisition.
Key Highlights
- Industrial warehouse property built in 1944
- Located at the intersection of E. Trent Ave. and N. Havana St.
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
$65,480
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
5.06%
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%
$1,309,600
$1.3M
Cap Rate 7%
$935,429
$935.4K
Cap Rate 9%
$727,556
$727.6K
Market Conditions
NOI Build-Up for 10,024 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
$85.4K $8.52/SF
− Vacancy
−$8.4K −$0.83/SF
EGI
$77.0K $7.69/SF
− OpEx
−$11.6K −$1.15/SF
NOI
$65.5K $6.53/SF
Area
Spokane, 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 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%
$1,309,600
Cap Rate 7%
$935,429
Cap Rate 9%
$727,556
Alternative Uses
Best Use
Warehouse
$935.4K
$818.5K – $1.09M
NOI $65,480 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$833.2K
$729.0K – $972.0K
NOI $58,321 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,033 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property positioned at a busy intersection for straightforward commercial visibility and access.
Where is this warehouse located?
The property is located at 4304 E Trent Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Industrial warehouse property built in 1944; Located at the intersection of E. Trent Ave. and N. Havana St.
