Office Warehouse Flex
9629 North Colfax Road Spokane, WA 99218
9629 North Colfax Road, Spokane, WA, 99218
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For Sale
Contact for pricing
Renovated office space and warehouse with a fully fenced yard, overhead door, and 20 parking stalls.
Property Size2,948 SF
Price / SF$303.60
Days on Market21
Property Features for 9629 North Colfax Road
General Information
- Standard status
- Active
- Size
- 2,948 SF
- Property subtype
- Office, Mixed Use, Land
Building Details
- Year Built
- 1997
Listing agency
Daines Capital Commercial Real Estate
Listed by
Seth Peterson · License #22017594
Source
Crexi
Added: Jul 2 Updated: Jul 22 at 10:22AM Checked: Jul 22 at 10:22AM
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 Daines Capital Commercial Real Estate
Investment Insights
Based on property information with market context.
This office, warehouse, and fenced yard property offers a combined workspace configuration with approximately 1,982 square feet of professional office and 966 square feet of warehouse. The office building has recently undergone interior renovations and includes five private offices, two restrooms, updated finishes, and abundant natural light. The warehouse features a 10' x 12' overhead door, 13'9" clear height, and 200-amp electrical service to support a range of operational needs. A fully fenced yard area on the property provides secure outdoor storage, along with approximately 20 parking stalls.
Located near Division Street, Newport Highway, and major North Spokane retailers, the property provides practical access to Downtown Spokane, Mead, Spokane Valley, and surrounding markets.
The existing month-to-month tenancy offers flexibility for owner-users or investors seeking a value-add opportunity.
Located near Division Street, Newport Highway, and major North Spokane retailers, the property provides practical access to Downtown Spokane, Mead, Spokane Valley, and surrounding markets.
The existing month-to-month tenancy offers flexibility for owner-users or investors seeking a value-add opportunity.
Key Highlights
- 0.84‑acre property with 2,948 SF total: 1,982 SF professional office and 966 SF warehouse
- Renovated office with five private offices, two restrooms, updated finishes, and abundant natural light
- Warehouse features a 10' x 12' overhead door, 13'9" clear height, and 200‑amp electrical service
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 | $65.4k | $22.20 |
| − Vacancy | −$9.2k | −$3.11 |
| EGI | $56.3k | $19.09 |
| − OpEx | −$14.1k | −$4.77 |
| NOI | $42.2k | $14.32 |
2,948 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$603.0K
$527.7K – $703.5K
NOI $42,212 @ 7.0% cap · market cap 4.72%
Second Best
Warehouse
$275.1K
$240.7K – $321.0K
NOI $19,257 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$760.6K
$665.5K – $887.4K
NOI $53,241 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Generations Home Care ...
Home Health Care Service
Field Instruments & Controls, ...
Electronics & Wireless Store
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Similar Off Market Nearby
- Parsley Productions Vegetarian — Spokane, WA 99218
FAQs
What type of property is this?
Flex space - Renovated office space and warehouse with a fully fenced yard, overhead door, and 20 parking stalls.
Where is this flex space located?
The property is located at 9629 North Colfax Road Spokane, WA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 0.84‑acre property with 2,948 SF total: 1,982 SF professional office and 966 SF warehouse; Renovated office with five private offices, two restrooms, updated finishes, and abundant natural light; Warehouse features a 10' x 12' overhead door, 13'9" clear height, and 200‑amp electrical service
