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    125 Arthur St Spokane, WA 99202

    For Sale
    $5,850,000

    Flex & Warehouse Investment Opportunity

    Property size:
    46,067 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Spokane, WA industrial property, encompassing two buildings totaling 46,067 square feet on a 2.5-acre lot (108,937 sq ft), presents a compelling owner-user or investment opportunity. The property, situated at 125 S Arthur St and 1011 E 2nd Ave, Spokane, WA 99202, features a mix of flex and warehouse space, currently housing seven tenants with 57% occupancy. Building 2 offers approximately 16,260 square feet of contiguous flex space, ideal for owner-occupancy, complete with dock and grade-level loading. Building 1 includes 6,060 square feet of in-line flex space. Recent capital improvements include exterior painting, new fencing, a renovated parking lot, HVAC upgrades, tenant space improvements, and landscaping enhancements. The property boasts a 21-foot ceiling height, two loading docks, and two dock-high doors. Currently generating a NOI of $167,839, a pro-forma NOI of $407,839 is projected, resulting in a 6.97% pro-forma cap rate based on market lease rates. The asking price is $5,850,000 ($127/sq ft). Zoned for general commercial use, this property offers significant upside potential through lease-up and increased occupancy. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-maintained, value-add industrial property in a thriving Spokane location with convenient access to I-90 and downtown. The property is offered as a NNN lease with multi-tenancy.

    Property Features for 125 Arthur St

    General Information

    Property type
    Distribution properties
    Square Feet
    46,067 SF

    Building Details

    Year Built
    1980
    Buildings
    2
    Stories
    1
    Units
    9

    HighLights

    • Two‑building industrial property totaling 46,067 square feet on a 2.5‑acre lot in Spokane, WA.
    • Building 2 offers 16,260 SF of contiguous flex space, ideal for owner‑occupancy, with dock and grade‑level loading. Building 1 includes 6,060 SF of in‑line flex space.
    • Recent capital improvements include exterior painting, new fencing, parking lot renovation, HVAC upgrades, and landscaping.
    • Features 21‑foot ceilings, two loading docks, and two dock‑high doors; currently 57% occupied with seven tenants.
    • Asking price: $5,850,000 ($127/SF); Current NOI: $167,839; Pro‑forma NOI: $407,839 (6.97% pro‑forma cap rate).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ARTIST TOUCH Art ... Picture Frame Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    County
    Spokane
    State
    Washington
    Longitude
    -117.39526748133
    Latitude
    47.655288876879

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    FAQs

    What type of property is this?
    Distribution property - Flex & Warehouse Investment Opportunity
    Where is this distribution property located?
    The property is located at 125 Arthur St Spokane, WA.
    What is the asking price?
    The asking price for this property is $5,850,000.
    What are key features of this property?
    This property features: Two-building industrial property totaling 46,067 square feet on a 2.5-acre lot in Spokane, WA.; Building 2 offers 16,260 SF of contiguous flex space, ideal for owner-occupancy, with dock and grade-level loading. Building 1 includes 6,060 SF of in-line flex space.; Recent capital improvements include exterior painting, new fencing, parking lot renovation, HVAC upgrades, and landscaping.
    Request Owner's contact information
    125 Arthur St Spokane, WA 99202
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    Spokane, WA 99202
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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
    125 Arthur St Spokane, WA 99202
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