8727 HWY 2, Spokane, WA 99224
- Added:
- Jul 23, 2025
- Days on Market:
- 332
- Last Refresh:
- Jun 19 at 6:06 am
Property Features for 8727 HWY 2
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- LIGHT INDUST
- Interior features
- Elevator, Handicap Restrooms, Phone Prewired
- Exterior features
- Lighting, Lawn
- Basement
- None
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Pending
- APN
- 25292.9055
- Size
- 10,214 SF
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Please see legal description in the attached documents.
- Tax Annual Amount
- 14642
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Electric (Heating), Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2001
- Building materials
- Brick, Concrete
- Roof type
- Composition
- Architectural style
- Other
Listing agent Rob Kannapien License #SP26107 (208) 704-3832
Listing office Coldwell Banker Schneidmiller Realty 1924 Northwest Blvd, Coeur D'Alene, WA (800) 829-2555
Listing date Jul 23, 2025
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10,214 SF multi‑tenant professional office building on 1.49 acres in Spokane near Hwy 2
- Built in 2001; brick and concrete construction with composition roof
- Main level includes 5,134 SF with large open bull‑pen, reception area, 6 private offices, 2 restrooms, and bank vault
- Second floor includes 5,080 SF with large bull‑pen, built‑in reception area, 10 private offices, large conference room, breakroom, and 2 restrooms
- Accessibility features include accessible approach with ramp and accessible elevator
- Heating and cooling: forced air plus electric and natural gas heating, and central air; public water and public sewer
Overview
The property is located in Spokane on Highway 2, north of Spokane International Airport, with stated traffic counts of 28,000 cars per day and excellent visibility. Parking is available on-site, and the building is described as having good parking with landscaping. An interior reader board and a monument sign are included as building amenities, and an elevator provides vertical access. Interstate 90 is approximately 3 miles away.
For tenants, this building’s combination of open bull-pen space, multiple private offices, and conference space supports a range of office uses requiring both collaboration and enclosed work areas. The second-floor suite offers a large bull-pen area, reception area, ten private offices, a large conference room with additional storage, and two restrooms, along with dedicated mechanical rooms and a separate back entrance/exit for operational flexibility.
Local Financial Insights For Office B
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 | $226.8k | $22.20 |
| − Vacancy | −$31.7k | −$3.11 |
| EGI | $195.0k | $19.09 |
| − OpEx | −$48.8k | −$4.77 |
| NOI | $146.3k | $14.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.533483
- Latitude
- 47.642604
