Spokane Flex Center with Expansion
4212 W Sunset Blvd Spokane, WA 99224
4212 W Sunset Blvd, Spokane, WA, 99224
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For Sale
Contact for pricing
Versatile flex/office facility near downtown Spokane and airport.
Property Size19,925 SF
Lot Size2.93 Acres
Price / SF$138.02
Days on Market630
Property Features for 4212 W Sunset Blvd
General Information
- Standard status
- Active
- Size
- 19,925 SF
- Lot size
- 2.93 Acres
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1962
Listing Agency
Kiemle HaGood
(509) 755-7588
Listed by
Tracy Poff · License #WA
Source
Crexi
Added: Oct 30, 2024 Updated: Jul 10 at 3:44 pm Checked: Jul 19 at 9:22 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 Kiemle HaGood
Investment Insights
Based on property information with market context.
The Sunset West Flex Center, located at 4212 W. Sunset Blvd., Spokane, WA 99224, is a versatile flex, office, and production facility situated on a 2.93-acre parcel. The property offers approximately 19,925 square feet of main floor area. The masonry building was renovated in 2008, 2015, and 2020 and features roof-mounted HVAC units, 3-phase power, and a fire sprinkler system. Ample on-site parking is available, with 79 spaces and EV charging stations. The property is conveniently located minutes from downtown Spokane and Spokane International Airport. Additional land to the east of the building provides added privacy or future development potential. The property is suitable for various business needs and presents an investment opportunity. Building plans are available for a qualified purchaser.
Key Highlights
- Versatile flex/office and production facility with approximately 19,925 SF of main floor area.
- Ample on‑site parking with 79 spaces plus EV charging stations.
- Convenient location minutes from downtown Spokane and Spokane International Airport.
Local Financial Insights For Industrial
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 | $176.9k | $8.88 |
| − Vacancy | −$11.3k | −$0.57 |
| EGI | $165.6k | $8.31 |
| − OpEx | −$49.7k | −$2.49 |
| NOI | $115.9k | $5.82 |
19,925 SF · lease $8.88/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.08M
$3.57M – $4.76M
NOI $285,306 @ 7.0% cap · market cap 10.37%
Second Best
Industrial
$1.66M
$1.45M – $1.93M
NOI $115,927 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$5.14M
$4.50M – $6.00M
NOI $359,846 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Versatile flex/office facility near downtown Spokane and airport.
Where is this flex space located?
The property is located at 4212 W Sunset Blvd Spokane, WA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Versatile flex/office and production facility with approximately 19,925 SF of main floor area.; Ample on‑site parking with 79 spaces plus EV charging stations.; Convenient location minutes from downtown Spokane and Spokane International Airport.
