Office/Warehouse Property For
For Sale
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4230 E Mission Ave, Spokane, WA 99202
Office/warehouse property with recent updates, available for sale or lease.
Property Size7,199 SF
Price / SF$118.07
Days on Market828
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Property Features for 4230 E Mission Ave
General Information
Standard status
Active
Size
7,199 SF
Property subtype
Industrial
Zoning
Industrial
Building Details
Year Built
1951
Year Renovated
2022
Buildings
1
Listing Agency:
Kiemle HaGood
Listed By:
Tracy Poff · License #WA
(509) 755-7588
Source:
Crexi
Added: Jul 10, 2024
Changed: Oct 2
Last Checked: Oct 14 at 10:53PM
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 Kiemle HaGood
Investment Insights
Based on property information with market context.
This office and warehouse property is located on the border between the city of Spokane and Spokane Valley. It is available for sale at a reduced price and is also available for lease. The property has undergone many recent updates. On-site parking is paved. The warehouse includes a grade-level overhead door and new LED lighting. The office area features newer carpet and new storefront siding and glass. The building has a total area of 7199 square feet.
Key Highlights
- Reduced Sale Price
- Office / Warehouse Property
- Located on Spokane/Spokane Valley Border
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,026
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,520
$940.5K
Cap Rate 7%
$671,800
$671.8K
Cap Rate 9%
$522,511
$522.5K
Market Conditions
NOI Build-Up for 7,199 SF
Gross rent
$61.3K $8.52/SF
− Vacancy
−$6.0K −$0.83/SF
EGI
$55.3K $7.69/SF
− OpEx
−$8.3K −$1.15/SF
NOI
$47.0K $6.53/SF
Area
Spokane, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$940,520
Cap Rate 7%
$671,800
Cap Rate 9%
$522,511
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,082 @ 7.0% cap · market cap 12.13%
Second Best
Warehouse
$671.8K
$587.8K – $783.8K
NOI $47,026 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,014 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Warehouse - Office/warehouse property with recent updates, available for sale or lease.
Where is this warehouse located?
The property is located at 4230 E Mission Ave Spokane, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Reduced Sale Price; Office / Warehouse Property; Located on Spokane/Spokane Valley Border
