Flex Warehouse with Office
630 W SHANNON AVE Spokane, WA 99205
630 W SHANNON AVE, Spokane, WA, 99205
Contact for pricing
For Sale
Contact for pricing
For-sale flex property combining warehouse space with office units at 630 W Shannon Ave.
Property Size5,055 SF
Price / SF$128.59
Days on Market20
Property Features for 630 W SHANNON AVE
General Information
- Standard status
- Active
- Size
- 5,055 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1914
Listing agency
LT Real Estate
(509) 315-8720
Listed by
Mitch Gillingham · License #26840
Source
Crexi
Added: Jul 2 Updated: Jul 21 at 2:10AM Checked: Jul 21 at 4:26AM
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 LT Real Estate
Investment Insights
Based on property information with market context.
Offered for sale, this flex-style commercial property includes warehouse and industrial space along with office units. The mixed layout is well-suited for tenants looking to combine work space and administrative space in one facility.
Located at 630 W Shannon Ave in Spokane, WA 99205, the property is positioned for businesses that need a single address for day-to-day operations. Additional specifics such as unit mix details, frontage, and site features are not provided in the available information. For complete leasing or sales context, review the full property materials via the provided listing flyer or request a showing.
Located at 630 W Shannon Ave in Spokane, WA 99205, the property is positioned for businesses that need a single address for day-to-day operations. Additional specifics such as unit mix details, frontage, and site features are not provided in the available information. For complete leasing or sales context, review the full property materials via the provided listing flyer or request a showing.
Key Highlights
- Flex property combining warehouse space with office units at 630 W Shannon Ave
- Built in 1914
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.1k | $8.52 |
| − Vacancy | −$4.2k | −$0.83 |
| EGI | $38.8k | $7.69 |
| − OpEx | −$5.8k | −$1.15 |
| NOI | $33.0k | $6.53 |
5,055 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.03M
$904.8K – $1.21M
NOI $72,383 @ 7.0% cap · market cap 11.14%
Second Best
Warehouse
$471.7K
$412.8K – $550.4K
NOI $33,021 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,293 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elevate Realty
Real Estate Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Chef Emily Green — W Maxwell Ave, Spokane, WA 99201
- Blackakre Catering — 1303 W Jackson Ave, Spokane, WA 99205
FAQs
What type of property is this?
Flex space - For-sale flex property combining warehouse space with office units at 630 W Shannon Ave.
Where is this flex space located?
The property is located at 630 W SHANNON AVE Spokane, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Flex property combining warehouse space with office units at 630 W Shannon Ave; Built in 1914
