Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    421 Freya St Spokane, WA 99202

    Sponsored
    For Lease
    $7 SF/Yr

    Spacious Industrial Warehouse, Excellent Location

    Lot size:
    44,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 44,200-square-foot warehouse, located at 421 N Freya St, presents a compelling investment opportunity. Built in 1950 and renovated in 2018, the property boasts a desirable heavy industrial (HI) zoning designation, allowing for a wide range of uses. The building features convenient dock-high doors and a secure fenced yard, enhancing operational efficiency and security. Ample parking is available both on Freya Street and west of the property. Beyond the main warehouse space, an additional approximately 6,000 square feet of basement space is included, offering significant extra storage or operational capacity. The total lot size encompasses approximately 77,250 square feet, providing ample room for expansion or outdoor activities. The property's central location offers easy access to major transportation routes and key business districts. The lease rate is $0.60 per square foot. The parcel number is 35153.1415. This property is a single-tenant building. This warehouse is ideal for businesses seeking a well-maintained, spacious facility in a prime industrial area. The combination of size, location, and features makes this an attractive option for a variety of industrial and potentially office uses.

    Property Features for 421 Freya St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,200 SF
    Total Rate
    26520

    Building Details

    Year Built
    1950

    Unit(s) available at that property

    Space
    Size
    44,200 SF
    Rate per SF
    $7

    HighLights

    • Lease Rate: $0.60 per square foot (PSF).
    • 44,200 square feet (SF) warehouse space.
    • Includes approximately 6,000 SF of free basement space.
    • 77,250 SF lot size.
    • Heavy Industrial (HI) zoning.
    • APN: 35153.1415.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elkay SSP LLC Stainless Steel Plant Elkay Interior Systems ... Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop 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
    -117.3584788
    Latitude
    47.6614265

    Nearby Similar for Lease

    • $18 SF/Yr
      28,200 SF

      Downtown Spokane Modern Office Space

      Modernized office space in Downtown Spokane with flexible configurations.
      170 S Lincoln St, Spokane, WA 99201
      View Details
    • $11 SF/Yr
      8,784 SF

      Spokane Flex Warehouse Opportunity

      Functional flex warehouse with ample outdoor storage in Spokane.
      320 N Lee St, Spokane, WA 99202
      View Details
    • $3,333 /Mo
      25,750 SF

      Spokane Industrial Flex Business Park

      Class A industrial flex spaces available for lease.
      5807-5817 W Thorpe Rd, Spokane, WA 99224
      View Details
    • $21 SF/Yr
      3,955 SF

      Updated Medical Building Near Hospital

      Newly updated medical building with move-in ready and expandable spaces.
      220 E Rowan Ave, Spokane, WA 99207
      View Details
    • $28 SF/Yr
      1,660 SF

      Wandermere Retail Space For Lease

      High-visibility retail space in Wandermere area with ample parking.
      12204 N Division St, Spokane, WA 99218
      View Details
    • $1,195,000
      2,842 SF

      Downtown Spokane Professional Office Building

      Two-story office/retail building with basement and rooftop deck.
      425-427 W 1St Ave, Spokane, WA 99202
      View Details
    • $18 SF/Yr
      14,400 SF

      Downtown Spokane Retail Space Available

      6,400 SF retail space in the heart of Spokane.
      225 W Riverside Ave, Spokane, WA 99201
      View Details
    • Contact for pricing
      55,452 SF

      Spokane Retail Building with Parking

      Commercial building in Spokane's Northeast corridor, ideal for retail.
      3919 N Market St, Spokane, WA 99207
      View Details
    • $2,317 /Mo
      3,100 SF

      Spokane Office/Warehouse Space for Lease

      Office and warehouse spaces available for lease in Spokane.
      910-1026 N Lake Rd, Spokane, WA 99212
      View Details
    • $3,500 /Mo
      126,867 SF

      South Hill Retail Space Available

      Retail spaces for lease in high-traffic South Hill neighborhood.
      802 E 29Th Ave, Spokane, WA 99203
      View Details
    • $22 SF/Yr
      62,443 SF

      Downtown Spokane Skywalk Restaurant Space

      Skywalk-connected restaurant space in the heart of downtown Spokane.
      618 W Riverside Ave, Spokane, WA 99201
      View Details
    • $16 SF/Yr
      1,312 SF

      Spokane Retail/Office Leasing Opportunity

      Prime Spokane location with versatile retail and office space.
      915 E Hawthorne Rd, Spokane, WA 99218
      View Details

    FAQs

    What type of property is this?
    Distribution property - Spacious Industrial Warehouse, Excellent Location
    Where is this distribution property located?
    The property is located at 421 Freya St Spokane, WA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $0.60 per square foot (PSF).; 44,200 square feet (SF) warehouse space.; Includes approximately 6,000 SF of free basement space.
    Request Owner's contact information
    421 Freya St Spokane, WA 99202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    421 Freya St
    Spokane, WA 99202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    421 Freya St Spokane, WA 99202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.