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    FOR LEASE
    Distribution centers

    126 S Sheridan St, Spokane, WA 99202

    39,202 SF 0.98 ac lot Built 1935
    Entity Owned 22-yr Hold ~ Est. High Equity
    Property ID
    US90-0025348
    Property summary
    AI-generated overview

    This exceptional Spokane, WA property at 126 S Sheridan St offers a unique blend of warehouse and traditional office space, ideal for a variety of businesses. The single-story, 39,202 square foot building, constructed in 1935, sits on a single lot (APN 35202.1302) and presents a significant opportunity. Currently offering multiple tenancies, one space of 2,500 square feet is immediately available. The property's industrial classification, combined with its traditional office space, provides flexibility for businesses needing both storage and office functionality. Located in Spokane, WA, 99202, this property benefits from convenient access to major transportation routes and city amenities. The building's single-story design optimizes efficiency and accessibility. With its substantial square footage and versatile layout, this property is well-suited for businesses seeking a prominent location in a thriving Spokane market. The property's history and established presence in the community add to its appeal. Serious inquiries are encouraged to explore the potential of this unique industrial and office space.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1935
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 39,202 SF
    Lot 0.98 ac (42,600 SF)
    APN 35202.1302
    UPID US90-0025348
    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
    • Digital Imaging Solutions (Bike/Boat/Book/etc) Store
    • Complete Office (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.23M
    Blend (final) Blend
    $2.33M
    Owner & transaction history
    Patron Properties INC · 22 yrs held
    Patron Properties INC
    since 2004
    3 recorded transactions
    2004
    $700,000
    1969
    1969
    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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