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    7525 N Yale St, Spokane, WA 99217

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    Claim this Listing
    New
    For Sale
    $299,900

    LAND - Spokane, WA

    Property size:
    2,400 SF
    Lot size:
    1.06 Acres
    Price / SF:
    $124/SF
    Added:
    Jul 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jul 5 at 9:06 pm

    Property Features for 7525 N Yale St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    36271.0416
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1471

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Additional Structures
    Workshop

    We can help!

    Contact an agent
    Alissa Lightner

    Listing agent Alissa Lightner

    Listing office Kelly Right Real Estate of Spokane 140 S ARTHUR ST STE 600, Spokane, WA

    Listing date Jul 1, 2026

    MLS# 202620235 Listing URL

    Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1+ acre light industrial property with quick access to the North Spokane Corridor, just north of Bigelow Gulch & Francis
    • New 40x60 shop building ready for business use
    • Utilities already in place: septic tank, public water, power, and natural gas
    • Additional workshop with a concrete floor and power
    • Formerly improved with a manufactured home; no HOA reported
    • Room for trucks, trailers, equipment, and possible semi access with easy maneuverability

    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 $20.4k $8.52
    − Vacancy −$2.0k −$0.83
    EGI $18.4k $7.69
    − OpEx −$2.8k −$1.15
    NOI $15.7k $6.53
    2,400 SF · lease $8.52/SF/yr · vacancy 9.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $224.0K
    $196.0K – $261.3K (±1% cap)
    NOI $15,677 @ 7.0% cap · market cap 5.23%
    Second Best
    Industrial
    $199.5K
    $174.6K – $232.7K (±1% cap)
    NOI $13,964 @ 7.0% cap · market cap 4.66%
    Theoretical Best
    Office A
    $619.2K
    $541.8K – $722.4K (±1% cap)
    NOI $43,344 @ 7.0% cap · market cap 14.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Law Firm Accounting Firm Hotel & Motel Grocery & Convenience Store Food Market Cafe & Coffee Shop Clothing & Fashion Store Computer & Electronic Repair Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.352514
    Latitude
    47.726399

    FAQs

    Where is this flex space located?
    The property is located at 7525 N Yale St Spokane, WA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: 1+ acre light industrial property with quick access to the North Spokane Corridor, just north of Bigelow Gulch & Francis; New 40x60 shop building ready for business use; Utilities already in place: septic tank, public water, power, and natural gas
    More about this property
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