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    11016 Montgomery Dr Spokane Valley, WA 99206

    Sponsored
    For Lease
    $1.20 SF/Yr

    Multi-use industrial park, prime location.

    Lot size:
    481,126 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Central Business Park, located at 11016 E Montgomery Dr, Spokane Valley, WA 99206, presents a unique investment opportunity. This expansive 44.71-acre industrial campus boasts a total of 481,126 square feet of space across four buildings, offering a diverse range of uses. The property is zoned I-1 Light Industrial and includes a mix of executive office, warehouse, distribution, and refrigerated/cold storage space, making it suitable for a variety of businesses. The buildings, constructed in 1973, are classified as Class B. The property features ample parking with 463 spaces, and robust loading capabilities with 5 loading docks and 53 dock-high doors. Two office spaces are currently available, ranging from 15,115 to 87,120 square feet. Its strategic location less than a mile from I-90 provides excellent access to major transportation routes, serving Eastern Washington, North Idaho, and Western Montana. Furthermore, its proximity to the Union Pacific and BNSF rail yards (approximately four miles) enhances its logistical advantages. This multi-tenant property offers significant potential for investors seeking a well-established industrial asset in a thriving Spokane Valley market.

    Property Features for 11016 Montgomery Dr

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    481,126 SF
    Class
    B
    Total Rate
    48112.6

    Building Details

    Year Built
    1973
    Buildings
    4

    Unit(s) available at that property

    Space
    Central Business Park Yard Space
    Size
    87,120 SF
    Rate per SF
    $1.20
    Space
    Maintenance Building
    Size
    15,115 SF
    Rate per SF
    $8

    HighLights

    • Tenant invested approximately $1 million in warehouse and office improvements.
    • Excellent I‑90 access, strategically located between Spokane and Coeur d'Alene.
    • Clear ceiling height ranging from 28' to 31'.
    • Ample loading capacity with space for 10+ dock‑high and grade‑level doors.
    • Robust power supply featuring 800 amps of 277/480‑volt power.
    • Convenient rail access available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aslin Finch Feed ... Distribution Service Pepsi Bottling Group Vending Machine Supplier Empire Cold Storage Cold Storage Facility Harlow Bus Sales Truck Dealer AFCO Distribution Spokane ... Wholesaler

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.257781
    Latitude
    47.6786031

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Multi-use industrial park, prime location.
    Where is this refrigerated / cold storage located?
    The property is located at 11016 Montgomery Dr Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $1.20-$8 SF/Yr.
    What are key features of this property?
    This property features: Tenant invested approximately $1 million in warehouse and office improvements.; Excellent I-90 access, strategically located between Spokane and Coeur d'Alene.; Clear ceiling height ranging from 28' to 31'.
    Request Owner's contact information
    11016 Montgomery Dr Spokane Valley, WA 99206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11016 Montgomery Dr Spokane Valley, WA 99206
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