Industrial Land with
For Sale
$269,900
7525 N Yale St, Spokane, WA 99217
Land, Spokane, WA
Property Size2,400 SF
Lot Size1.06 Acres
Price / SF$112.46
Days on Market51
Property Features for 7525 N Yale St
General Information
Property type
Land
Property subtype
Other
Lot features
Level, Oversized Lot, Fencing
View
Territorial
Elementary school
Arlington
Middle school
Garry
High school
Rogers
Elementary school district
Spokane Dist 81
Directions
Google Maps works!
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
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Alissa Lightner · License #103762
(509) 489-7000
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 20 at 4:06PM
MLS# 202620235
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.
Investment Insights
Based on property information with market context.
This 1.06-acre Industrial land property includes a newly built 40x60 shop, an additional workshop with a concrete floor, and power service. Public water, septic, power, and natural gas are already in place. The level site provides room for trucks, trailers, equipment, and vehicle storage, with semi access and maneuvering space identified in the property information.
Located at 7525 N Yale St in Spokane, the property sits just north of Bigelow Gulch and Francis and offers access to the North Spokane Corridor. Light Industrial zoning supports the stated commercial setting, while the absence of an HOA adds flexibility for business operations. The site is suited to contractor and trade-related operations, fleet or equipment storage, and other uses consistent with applicable zoning.
Located at 7525 N Yale St in Spokane, the property sits just north of Bigelow Gulch and Francis and offers access to the North Spokane Corridor. Light Industrial zoning supports the stated commercial setting, while the absence of an HOA adds flexibility for business operations. The site is suited to contractor and trade-related operations, fleet or equipment storage, and other uses consistent with applicable zoning.
Key Highlights
- 1.06‑acre Light Industrial‑zoned site
- Newly built 40x60 shop
- Additional workshop with concrete floor and power
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
$13,964
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
5.17%
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%
$279,280
$279.3K
Cap Rate 7%
$199,486
$199.5K
Cap Rate 9%
$155,156
$155.2K
Market Conditions
NOI Build-Up for 2,400 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
$21.3K $8.88/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$19.9K $8.31/SF
− OpEx
−$6.0K −$2.49/SF
NOI
$14.0K $5.82/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$8.88 /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%
$279,280
Cap Rate 7%
$199,486
Cap Rate 9%
$155,156
Alternative Uses
Best Use
Industrial
$199.5K
$174.6K – $232.7K
NOI $13,964 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,344 @ 7.0% cap · market cap 16.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 99217, WA
19,298
Population
8,166
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
51.4 sq mi
ZIP Area
375
Density / Sq Mi
$71,807
Median Household Income
$43,267
Median Earnings
$1,267
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Light Industrial-zoned property with a newly built shop and existing utility infrastructure.
Where is this industrial land located?
The property is located at 7525 N Yale St Spokane, WA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1.06‑acre Light Industrial‑zoned site; Newly built 40x60 shop; Additional workshop with concrete floor and power
