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Property profile & analytics
OFF-MARKET Estimated value $2,180,000
Warehouses

3857 Olive Ave Spokane, WA 99202-4622

16,560 SF 1.94 ac lot Built 1962
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US90-0530502
Property summary
AI-generated overview

This exceptional Spokane County industrial property offers 22,650 square feet of versatile storage space, perfectly suited for businesses needing both refrigerated and dry storage solutions. The property boasts a 16,266 square foot cold storage building, constructed in 2010, featuring a state-of-the-art ammonia-based refrigeration system with three evaporators, a substantial 21-foot ceiling height, and robust 6-inch insulated concrete slabs for optimal temperature control. Multiple dock-high doors and a grade-level door with ramp access ensure efficient loading and unloading. An additional 6,384 square feet of dry storage space complements the cold storage area. The entire facility sits on a 1.94-acre lot, zoned for heavy industrial use, providing ample space and flexibility. The single-story building is equipped with a sprinkler system, enhancing safety and security. This Class A property presents a unique opportunity for businesses requiring significant, secure, and easily partitionable storage in a prime Spokane location, with the entire space currently available. The address is 3857 E Olive Ave, Spokane, WA 99202.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Total area 16,560 SF
Lot 1.94 ac (84,375 SF)
APN 35154.1301
UPID US90-0530502
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.18M
CAP Approach CAP
$1.67M
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$2.18M
Owner & transaction history
Lanzone Properties LLC · 2 yrs held
Lanzone Properties LLC
since 2024
Last sale
$2.2M
7 recorded transactions
2024
$2.2M
2021
Price N/A
2009
$569,594
2009
Price N/A
2007
Price N/A
1999
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.3M +48.3%
Industrial (general) $3.0M +35.0%
Commercial (general) $2.7M +21.1%
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