Flex Space Building with Tall Garage
For Sale
$550,000
4341 B Springdale Hunters Rd, Springdale, WA 99173
COMMERCIAL - Springdale, WA
Property Size8,250 SF
Lot Size5.00 Acres
Price / SF$66.67
Days on Market154
Property Features for 4341 B Springdale Hunters Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Lot features
Open Lot, Fencing, Surveyed
Elementary school district
Mary Walker
Standard status
Active
Size
8,250 SF
Lot size
5.00 Acres
Utilities
Heating system
Forced Air, Heat Pump (Heating), Propane (Heating)
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
1
Building materials
Steel Frame
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Tony Vaughn · License #102531
(509) 747-1051
Added: Mar 11
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
MLS# 202613308
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Flex space building totaling 8,250 SF situated on 5 level acres. The structure features concrete floors throughout, a mix of finished office space with a kitchen and bathroom, and open space designed for vehicles or workshop use with tall garage doors. Building dimensions are 50 X 165.
The property is served by two septic systems and a well producing 30 GPM+, with four furnaces providing zoned heating throughout the structure. Cooling is provided by central air, and heating includes forced air, propane heating, and heat pump heating. Security fencing and gates surround the building, with ample parking and room to expand on the flat, open parcel. Accessibility includes an accessible approach with ramp.
Constructed in 1996 with steel frame construction and a metal roof, the building includes an internal configuration suitable for light industrial and flex uses requiring both office support and large-door access.
The property is served by two septic systems and a well producing 30 GPM+, with four furnaces providing zoned heating throughout the structure. Cooling is provided by central air, and heating includes forced air, propane heating, and heat pump heating. Security fencing and gates surround the building, with ample parking and room to expand on the flat, open parcel. Accessibility includes an accessible approach with ramp.
Constructed in 1996 with steel frame construction and a metal roof, the building includes an internal configuration suitable for light industrial and flex uses requiring both office support and large-door access.
Key Highlights
- 8,250 SF flex space building on 5 level acres
- Concrete floors throughout plus finished office space with kitchen and bathroom
- Open vehicle/workshop area with tall garage doors
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
$48,000
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
8.73%
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%
$960,000
$960.0K
Cap Rate 7%
$685,714
$685.7K
Cap Rate 9%
$533,333
$533.3K
Market Conditions
NOI Build-Up for 8,250 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
$73.3K $8.88/SF
− Vacancy
−$4.7K −$0.57/SF
EGI
$68.6K $8.31/SF
− OpEx
−$20.6K −$2.49/SF
NOI
$48.0K $5.82/SF
Area
Stevens County, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
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%
$960,000
Cap Rate 7%
$685,714
Cap Rate 9%
$533,333
Alternative Uses
Best Use
Warehouse
$769.9K
$673.6K – $898.2K
NOI $53,891 @ 7.0% cap · market cap 9.80%
Second Best
Industrial
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,995 @ 7.0% cap · market cap 27.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99173, WA
1,892
Population
747
Households
2.5
Avg Household Size
48
Median Age
25%
College-Educated
82%
High-School Grad
141.8 sq mi
ZIP Area
13
Density / Sq Mi
$53,227
Median Household Income
$25,036
Median Earnings
$850
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Concrete floors, finished office space, and open flex area with tall garage doors for vehicles or workshop work.
Where is this flex space located?
The property is located at 4341 B Springdale Hunters Rd Springdale, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 8,250 SF flex space building on 5 level acres; Concrete floors throughout plus finished office space with kitchen and bathroom; Open vehicle/workshop area with tall garage doors
