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1507 Thierman Rd Spokane Valley, WA 99212-1178

OFF-MARKET Distribution centers Google Maps
15,000 SF 0.73 ac lot Built 1980
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID US90-0643569

Property summary

AI-generated overview

This single-tenant industrial property, located at 1507 N Thierman Rd, Spokane Valley, WA 99212, offers a total of 15,000 square feet of space. Built in 1980, the building features a blend of warehouse and office space, ideal for a variety of businesses. The warehouse area encompasses approximately 14,232 square feet, complemented by approximately 768 square feet of office space and an additional 768 square feet of mezzanine storage, capable of supporting a 40 lbs per square foot load. Access is facilitated by one loading dock and three drive-in doors. The property sits on APN 35132.0106 and is zoned for industrial use. Currently, approximately 5,000 square feet is available for lease. The lease rate for office space is $1.00 per square foot per month, while the warehouse space is also $1.00 per square foot per month. NNN expenses are $0.13 per square foot per month. This well-located Spokane Valley property presents a compelling opportunity for businesses seeking efficient and versatile industrial space. The property's convenient access and ample space make it an attractive option for various industrial operations.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,000 SF
Lot 0.73 ac (31,741 SF)
APN 35132.0106
UPID US90-0643569

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
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Owner & transaction history

since 2024
Last sale
$2.1M
7 recorded transactions
2024
$2.1M
2023
Price N/A
2020
Price N/A
2020
Price N/A
2011
Price N/A
1998
$75,000
1998
$920,000

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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