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    Property profile & analytics
    OFF-MARKET Estimated value $3,890,000
    Distribution centers

    3900 Alki Ave, Spokane, WA 99202-4643

    39,337 SF 1.72 ac lot Built 1980
    Individually Owned ~ Est. High Equity
    Property ID
    US90-0897996
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 3900 E Alki Ave in Spokane, Washington, offers 26,155 square feet of versatile space ideal for a variety of businesses. The property is classified as flex, warehouse, and distribution space, making it suitable for companies needing a blend of office, showroom, and storage capabilities. Currently, one unit is available for lease within a multi-tenant building. The building's history includes previous occupancy by Thompson Tile and Stone, indicating a suitable layout for businesses requiring substantial storage and display areas. Situated in Spokane County, Washington, with a zip code of 99202, this property provides convenient access to major transportation routes and logistical networks within the Spokane area. The property's classification as industrial highlights its suitability for businesses requiring robust infrastructure and ample space for operations. This is a prime opportunity for a company seeking a well-located, spacious, and adaptable industrial space in the thriving Spokane market. The property's size and flexible layout offer significant potential for growth and expansion. Interested parties are encouraged to inquire for further details and leasing information.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1980
    Construction CONCRETE
    Total area 39,337 SF
    Lot 1.72 ac (75,000 SF)
    APN 35154.1202
    UPID US90-0897996
    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
    • Thompson Tile & Stone Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.96M
    Comparable Approach Comparable
    $5.21M
    Blend (final) Blend
    $3.89M
    Owner & transaction history
    John And Ginger Niemeyer Foundation
    John And Ginger Niemeyer Foundation
    since 2026
    3 recorded transactions
    2026
    $313
    2014
    2014
    $1.9M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.4M +21.1%
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