Three-Building Light Industrial
New
For Sale
$5,395,000
6206 East Trent Avenue, Spokane Valley, WA 99212
Multi-building campus combines light industrial and retail space with established tenancy and currently available space.
Property Size47,945 SF
Days on Market6
Property Features for 6206 East Trent Avenue
General Information
Standard status
Active
Size
47,945 SF
Property subtype
Industrial
Net Operating Income
$362,544
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
47,945 SF
Buildings
3
Tenancy
Multi
Listing Agency:
(509) 994-2203
Listed By:
Dave Dowers
(509) 994-2203
Source:
Tokcommercial
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 3:21PM
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 Dave Dowers
Investment Insights
Based on property information with market context.
This Spokane Valley commercial property comprises three buildings configured for light industrial and retail users. The complex is well maintained and includes a mix of established occupants, with Pacific Golf & Turf, BrandSafway, and Great Northwest Vendor Mall identified among the tenants. Part of one building is vacant, creating available space within the existing campus.
The property is located at 6206 East Trent Avenue along SR 290, also known as Trent Avenue, and sits one block east of Fancher Road. Interstate 90 is readily accessible, and Felts Field is nearby. On-site parking serves the businesses operating throughout the property and supports tenant, employee, and visitor use.
The property is located at 6206 East Trent Avenue along SR 290, also known as Trent Avenue, and sits one block east of Fancher Road. Interstate 90 is readily accessible, and Felts Field is nearby. On-site parking serves the businesses operating throughout the property and supports tenant, employee, and visitor use.
Key Highlights
- Three‑building light industrial and retail complex
- Portion of one building is currently vacant
- Tenants include Pacific Golf & Turf, BrandSafway, and Great Northwest Vendor Mall
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
$444,623
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
8.24%
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%
$8,892,460
$8.9M
Cap Rate 7%
$6,351,757
$6.4M
Cap Rate 9%
$4,940,256
$4.9M
Market Conditions
NOI Build-Up for 47,945 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
$690.4K $14.40/SF
− Vacancy
−$55.2K −$1.15/SF
EGI
$635.2K $13.25/SF
− OpEx
−$190.6K −$3.97/SF
NOI
$444.6K $9.27/SF
Area
Spokane Valley, WA
Vacancy
8.00%
Lease Rate
$14.40 /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%
$8,892,460
Cap Rate 7%
$6,351,757
Cap Rate 9%
$4,940,256
Alternative Uses
Best Use
Retail
$6.35M
$5.56M – $7.41M
NOI $444,623 @ 7.0% cap · market cap 8.24%
Second Best
Industrial
$3.99M
$3.49M – $4.65M
NOI $278,952 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$10.42M
$9.11M – $12.15M
NOI $729,071 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Industrial property - Multi-building campus combines light industrial and retail space with established tenancy and currently available space.
Where is this industrial property located?
The property is located at 6206 East Trent Avenue Spokane Valley, WA.
What is the asking price?
The asking price for this property is $5,395,000.
What are key features of this property?
This property features: Three‑building light industrial and retail complex; Portion of one building is currently vacant; Tenants include Pacific Golf & Turf, BrandSafway, and Great Northwest Vendor Mall
