Spokane Riverfront Office
12939 E Pinecroft Way Spokane Valley, WA 99216
12939 E Pinecroft Way, Spokane Valley, WA, 99216
Contact for pricing
For Sale
Contact for pricing
Office building on the Spokane River, suitable for owner-user.
Property Size42,660 SF
Price / SF$233.24
Days on Market1038
Property Features for 12939 E Pinecroft Way
General Information
- Standard status
- Active
- Size
- 42,660 SF
- Property subtype
- Office
Building Details
- Year Built
- 2018
Listing Agency
Leavitt Capital Companies
(509) 714-6464
Listed by
Marc Mowrer · License #WA
Source
Crexi
Added: Sep 14, 2023 Checked: Jul 17 at 8:07 am
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 Leavitt Capital Companies
Investment Insights
Based on property information with market context.
River's Edge is suitable for either an owner-user or an investment. A national financial institution has occupied half of the building since its completion in 2018. The property is situated on the Spokane River. The vacant +/- 22,000 square foot first floor offers a tranquil, safe setting for a business. It is equidistant to Spokane and Coeur d'Alene, with convenient access to Interstate 90 and within a short drive to nearby amenities. The property has a total size of 42,660 square feet.
Key Highlights
- Built‑in income potential from existing tenant (national financial institution).
- +/- 22,000 SF first floor available for owner‑user or tenant.
- Built in 2018 (relatively new construction).
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 | $716.7k | $16.80 |
| − Vacancy | −$107.5k | −$2.52 |
| EGI | $609.2k | $14.28 |
| − OpEx | −$152.3k | −$3.57 |
| NOI | $456.9k | $10.71 |
42,660 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.53M
$5.71M – $7.61M
NOI $456,889 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.27M
$8.11M – $10.81M
NOI $648,705 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building on the Spokane River, suitable for owner-user.
Where is this office building located?
The property is located at 12939 E Pinecroft Way Spokane Valley, WA.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Built‑in income potential from existing tenant (national financial institution).; +/- 22,000 SF first floor available for owner‑user or tenant.; Built in 2018 (relatively new construction).
