Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1514 S Flint Rd Spokane, WA 99224
    Back to Search
    Property profile & analytics

    1514 S Flint Rd, Spokane, WA 99224

    View on Map
    • Outlet malls
    • 735,000 SF
    • 49.93 lot acres
    For Lease
    $36,510,000
    View Listing →
    Spokane Specialty Property for Rent For Lease
    $36,510,000
    315,290 SF

    Spokane Specialty Property for Rent

    Large 315,290 SF specialty property available for rent in Spokane.

    1514 S Flint Road, Spokane, WA 99224
    View Listing
    Property ID
    US90-0833521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • NIC Global Manufacturing Solutions / Industrial Manufacturer / Production Facility
    • Flint Crossing / Warehouse & Storage
    • Kaiser aluminum / Industrial Manufacturer / Production Facility

    Property Details for 1514 S Flint Rd

    Year built
    1990
    Lot size
    49.93 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    25301.9042
    APU
    253019042

    Description

    This expansive 381,340-square-foot industrial property, situated on a generous 49.93-acre lot in Spokane, Washington, presents a unique opportunity for businesses seeking significant space and operational flexibility. Built in 1990, the single-story building boasts a 28-foot ceiling height, providing ample vertical clearance for various industrial applications. The property features 15 loading docks and 7 drive-ins, ensuring efficient loading and unloading operations. Ample parking is available with 499 total spaces. The property is zoned for industrial use and is ideally suited for manufacturing, flex, warehouse, distribution, or R&D purposes. Power is substantial, with a 4.8 MW capacity and 15K amps available. The property's location within Spokane's aerospace hub offers excellent access to a skilled workforce and a thriving innovation ecosystem. The APN is 25301.9042, and the property is located in Spokane County, WA, zip code 99224. This single-tenant property offers a significant footprint for businesses seeking to establish or expand their operations in a strategic location. The property's size, amenities, and location make it an exceptional opportunity for a variety of industrial users.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $49,328,000
      Market price range: $29.9M - $340M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.543
    Latitude
    47.641
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $109,047
    $3,262,420
    $9,141,400
    $12,403,820
    -
    $3,262,420
    $9,141,400
    $12,403,820

    Comparable in this City

    • Value Estimation by Request
      2,688,835 SF

      10010 Geiger Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
      10010 Geiger Blvd, Spokane, WA 99224-9471
      View Details
    • Value Estimation
      $655,000
      4,000 SF

      4602 Ben Franklin Ln

      WHOLESALE OUTLET, DISCOUNT STORE
      4602 Ben Franklin Ln, Spokane, WA 99224-5178
      View Details
    • Value Estimation
      $5,200,000
      61,000 SF

      4330 Grv Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      4330 Grv Rd, Spokane, WA 99224-5344
      View Details
    • Value Estimation by Request
      720 SF

      7704 Geiger Blvd

      WHOLESALE OUTLET, DISCOUNT STORE
      7704 Geiger Blvd, Spokane, WA 99224-9737
      View Details
    • Value Estimation
      $640,000
      6,000 SF

      1622 Williams Ln

      WHOLESALE OUTLET, DISCOUNT STORE
      1622 Williams Ln, Spokane, WA 99224-6194
      View Details
    • Value Estimation
      $7,365,000
      89,600 SF

      1616 Rustle St

      WHOLESALE OUTLET, DISCOUNT STORE
      1616 Rustle St, Spokane, WA 99224-2029
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Spokane Office and Retail Space

      40,000 SF office and retail space available in Spokane.
      10219 Highway 2 W, Spokane, WA 99224
      View Details
    • $225,000
      1,200 SF

      Spokane Garage Lodge Automotive Space

      Automotive space with lift, clubhouse access, near Hwy 2.
      1551 Deer Heights Rd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Versatile Land for Commercial Use

      Two-acre commercial land suitable for retail, office, and warehouse development.
      11020 W Westbow Blvd, Spokane, WA 99224
      View Details
    • $469,000
      4.93 Acres

      Prime Commercial Land Near Amazon

      Nearly 5 acres of commercial land with light industrial zoning.
      4716 S Hayford Rd, Spokane, WA 99224
      View Details
    • $469,000
      4.93 Acres

      Prime Commercial Land Near I-90

      4.93 acres of light industrial land near major transportation routes.
      4716 S Hayford Rd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Spokane Commercial Land For Sale

      Prime commercial land suitable for retail, warehouse, and more.
      11020 W Westbow Blvd, Spokane, WA 99224
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Highway Frontage Multiple Spaces Available

      Multiple spaces available with high visibility and traffic count.
      10219 Highway 2 W, Spokane, WA 99224
      View Details
    • Contact for pricing

      Airway Heights Commercial Lot Available

      Prime commercial lot for ground lease or build to suit.
      10525 W Sunset Hwy, Spokane, WA 99224
      View Details
    • Contact for pricing
      8,000 SF

      Spokane Retail Space Available

      8,000 SF retail space for lease in Spokane, WA.
      9558 Highway 2 W, Spokane, WA 99224
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space for rent in West Spokane near Airway Heights.
      10414 Us-2, Spokane, WA 99224
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail, office, and flex spaces available for lease.
      10219 W Sunset Hwy, Spokane, WA 99224
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1514 S Flint Rd
    Spokane, WA 99224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1514 S Flint Rd, Spokane, WA, 99224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!