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 Market230
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: Oct 26
Last Checked: Oct 26 at 2:52PM
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.
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 / Yr
$167,893
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Well-served
Demand for This Use
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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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Market
Vacancy Rate% for Industrial in West region
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
