Fenced Warehouse Distribution
For Sale
$4,000,000
4616 Ben Franklin Ln, Spokane, WA 99224
Light Industrial warehouse with office space, dock access, and a secured site.
Property Size25,200 SF
Lot Size3.36 Acres
Price / SF$158.73
Days on Market84
Property Features for 4616 Ben Franklin Ln
General Information
Standard status
Active
Size
25,200 SF
Lot size
3.36 Acres
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Neighborhood
West Hills
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
2,000 SF
Dock-High Doors
7
Drive-In Doors
1
Power
1,200 amps
Three-Phase Power
Yes
Building Details
Building Size
25,200 SF
Year Built
1987
Listing Agency:
Kiemle Hagood
Listed By:
Mark Lucas
(509) 755-7524
Source:
Commercialcafe
Added: Aug 3
Changed: Oct 14
Last Checked: Oct 24 at 1:28PM
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 25,200-square-foot warehouse occupies a fully fenced 3.36-acre site and includes 2,000 square feet of office area. The facility provides 21-foot warehouse clearance, seven dock loading doors, one grade-level loading door, and 1,200 amps of three-phase power. Built in 1987, the property is zoned Light Industrial and is configured for distribution or warehouse operations.
Located at 4616 S Ben Franklin Ln in Spokane, Washington, the property offers a combination of substantial warehouse area, dedicated office space, loading infrastructure, and secured outdoor grounds. The existing lease runs through April 30, 2027, with occupancy available beginning May 1, 2027.
Located at 4616 S Ben Franklin Ln in Spokane, Washington, the property offers a combination of substantial warehouse area, dedicated office space, loading infrastructure, and secured outdoor grounds. The existing lease runs through April 30, 2027, with occupancy available beginning May 1, 2027.
Key Highlights
- 25,200 building SF on a fully fenced 3.36‑acre site
- 21' warehouse height with 2,000 SF of office area
- Seven dock loading doors and one grade loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,614
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,280
$3.3M
Cap Rate 7%
$2,351,629
$2.4M
Cap Rate 9%
$1,829,044
$1.8M
Market Conditions
NOI Build-Up for 25,200 SF
Gross rent
$214.7K $8.52/SF
− Vacancy
−$21.0K −$0.83/SF
EGI
$193.7K $7.69/SF
− OpEx
−$29.0K −$1.15/SF
NOI
$164.6K $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 Rate 5%
$3,292,280
Cap Rate 7%
$2,351,629
Cap Rate 9%
$1,829,044
Alternative Uses
Best Use
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,614 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.50M
$5.69M – $7.59M
NOI $455,112 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
21 ft
Clear height
7
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99224, WA
24,085
Population
10,559
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
118.8 sq mi
ZIP Area
203
Density / Sq Mi
$76,785
Median Household Income
$50,678
Median Earnings
$1,290
Median Rent
$439,700
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Light Industrial warehouse with office space, dock access, and a secured site.
Where is this warehouse located?
The property is located at 4616 Ben Franklin Ln Spokane, WA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 25,200 building SF on a fully fenced 3.36‑acre site; 21' warehouse height with 2,000 SF of office area; Seven dock loading doors and one grade loading door
