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120 Magnolia St Spokane, WA 99202

OFF-MARKET Warehouses Google Maps
24,501 SF 2.5 ac lot Built 1898
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.38M
Range $1.24M – $1.51M (±10%)
Property ID US90-0642076

Property summary

AI-generated overview

This exceptional Spokane County industrial property, located at 120 N Magnolia, offers a versatile warehouse space ideal for various storage needs. The property boasts a total of 36,848 square feet, situated on a generous 2.5 acres of land. The building, constructed in 1898, is currently configured for multiple tenants, providing flexibility for businesses of varying sizes. Units are available starting at a minimum of 1,000 square feet, allowing for scalability to accommodate growing storage requirements. The property's APN is 35163.3001. This location presents a unique opportunity to secure warehouse space in a well-established area of Spokane County. The property is zoned for storage use only. The building's age adds character and potential for adaptive reuse, while the ample square footage and land area provide significant storage capacity. This is an excellent opportunity for businesses seeking flexible and sizable warehouse space in a convenient Spokane County location. The property's multiple tenancy setup offers a diverse tenant base and potential for long-term stability. Interested parties should inquire about current availability and lease terms. The property is ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1898
Total area 24,501 SF
Lot 2.5 ac (108,750 SF)
APN 35163.3001
UPID US90-0642076

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.37M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.38M

Owner & transaction history

since 2020
Last sale
$950,000
5 recorded transactions
2023
Price N/A
2022
Price N/A
2020
$899,438
2016
$950,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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