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Property profile & analytics
FOR LEASE
Distribution centers

11016 E Montgomery Dr Spokane Valley, WA 99206

400,625 SF 18.79 ac lot Built 1973
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US90-2599582
Property summary
AI-generated overview

Central Business Park, located at 11016 E Montgomery Dr, Spokane Valley, WA 99206, presents a unique investment opportunity. This expansive 44.71-acre industrial campus boasts a total of 481,126 square feet of space across four buildings, offering a diverse range of uses. The property is zoned I-1 Light Industrial and includes a mix of executive office, warehouse, distribution, and refrigerated/cold storage space, making it suitable for a variety of businesses. The buildings, constructed in 1973, are classified as Class B. The property features ample parking with 463 spaces, and robust loading capabilities with 5 loading docks and 53 dock-high doors. Two office spaces are currently available, ranging from 15,115 to 87,120 square feet. Its strategic location less than a mile from I-90 provides excellent access to major transportation routes, serving Eastern Washington, North Idaho, and Western Montana. Furthermore, its proximity to the Union Pacific and BNSF rail yards (approximately four miles) enhances its logistical advantages. This multi-tenant property offers significant potential for investors seeking a well-established industrial asset in a thriving Spokane Valley market.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1973
Total area 400,625 SF
Lot 18.79 ac (818,664 SF)
APN 45095.3101
UPID US90-2599582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Aslin Finch Feed Co Distribution Center Logistics Company
  • Pepsi Bottling Group Big Box & Wholesale Store
  • Empire Cold Storage Storage Facility Warehouse & Storage
  • Harlow Bus Sales Car Dealership
  • AFCO Distribution Spokane Valley Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$23.50M
Blend (final) Blend
$17.51M
Owner & transaction history
Montgomery Realty LLC · 18 yrs held
Montgomery Realty LLC
since 2008
3 recorded transactions
2019
Price N/A
2008
$10.7M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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