Industrial Flex Facility with Roll-Up
For Sale
Contact for pricing
5417 E Broadway Ave, Spokane Valley, WA 99212
Industrial flex building combines office and warehouse space with three-phase power and four grade-level roll-up doors.
Property Size25,702 SF
Price / SF$114.78
Days on Market185
Property Features for 5417 E Broadway Ave
General Information
Standard status
Active
Size
25,702 SF
Class
C
Property subtype
Industrial, Retail
Zoning
Industrial
Building Details
Year Built
1958
Listing Agency:
Kiemle Hagood
Listed By:
Gunnar Knutson · License #25034921
(509) 755-7520
Source:
Crexi
Added: Mar 13
Changed: Sep 10
Last Checked: Sep 12 at 5:42AM
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.
A versatile industrial flex facility offering a strategic mix of retail, office, and warehouse space in one building. The property is configured to support administrative functions, customer-facing retail interaction, and efficient warehouse operations. Three-phase power is available to support heavier-duty equipment and production needs, and the building has four grade-level roll-up doors for convenient access to operational areas.
The site provides excellent road frontage and strong visibility, with ample on-site parking for 32 stalls. Convenient access is available from Broadway and Stanley, supporting both employee and customer/delivery traffic.
Seller financing is available for qualified buyers. This well-balanced facility totals 125,702 SF and is positioned to serve a range of industrial and commercial uses requiring on-site office space alongside warehouse functionality.
The site provides excellent road frontage and strong visibility, with ample on-site parking for 32 stalls. Convenient access is available from Broadway and Stanley, supporting both employee and customer/delivery traffic.
Seller financing is available for qualified buyers. This well-balanced facility totals 125,702 SF and is positioned to serve a range of industrial and commercial uses requiring on-site office space alongside warehouse functionality.
Key Highlights
- 25,702 SF industrial flex building with retail, office, and warehouse space configured under one roof
- Three‑phase power supports heavy‑duty equipment and production needs
- Four grade‑level roll‑up doors for convenient access to operational areas
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
$167,893
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
5.69%
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%
$3,357,860
$3.4M
Cap Rate 7%
$2,398,471
$2.4M
Cap Rate 9%
$1,865,478
$1.9M
Market Conditions
NOI Build-Up for 25,702 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
$219.0K $8.52/SF
− Vacancy
−$21.5K −$0.83/SF
EGI
$197.5K $7.69/SF
− OpEx
−$29.6K −$1.15/SF
NOI
$167.9K $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 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%
$3,357,860
Cap Rate 7%
$2,398,471
Cap Rate 9%
$1,865,478
Alternative Uses
Best Use
Warehouse
$2.40M
$2.10M – $2.80M
NOI $167,893 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$2.14M
$1.87M – $2.49M
NOI $149,539 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$5.58M
$4.89M – $6.51M
NOI $390,835 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
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
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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?
Flex space - Industrial flex building combines office and warehouse space with three-phase power and four grade-level roll-up doors.
Where is this flex space located?
The property is located at 5417 E Broadway Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 25,702 SF industrial flex building with retail, office, and warehouse space configured under one roof; Three‑phase power supports heavy‑duty equipment and production needs; Four grade‑level roll‑up doors for convenient access to operational areas
