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Property profile

4616 Ben Franklin Ln Spokane, WA 99224

FOR SALE
Outlet malls
View Listing
Property ID
US90-1355949
5,500 SF 3.36 ac lot Built 1987
Last sale Aug 2010 · $756,000
Individually Owned Owner of record is an individual. 16-yr Hold Held for 16 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a flex-space facility combining office and warehouse functions in a concrete tilt-up building with a metal roof, constructed in 1987. It has approximately 25,200 SF of footprint area, including about 2,000 SF of office space and about 23,200 SF of warehouse space. The site is fully fenced and covers approximately 146,362 SF (3.36 acres) based on county records. The facility is located south of Thorpe Road and west of the Geiger/Grove I-90 Interchange 27, providing regional access to downtown Spokane and Spokane International Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$1.42M
Assessed land$403k
Assessed improvement$1.02M
Effective rate0.88%

Value estimate

· Oct 2026
$485k
$437k – $534k
CAP approach$880k
Submarket $/SF estimate$1.18M
NOI build-up
Gross scheduled income$215k
Vacancy & credit loss−$21k
Operating expenses−$29k
NOI · 4.12% cap applied$165k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$230/SF
Submarket average, outlier-cleaned · 212 recorded sales of this use type
Observed band · Q1–Q3$91 – $419
Qualifying comparables13

Cap rate analysis

How does the asset earn?
4.12%
$165k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.7
Cafe & Coffee Shop8.0
Auto Parts Store7.9

Location

4616 Ben Franklin Ln Spokane, WA 99224
County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1622 Williams, Spokane, WA 99224-6194 $775,000 Dec 2025 6,000 SF
10504 21st, Spokane, WA 99224-9726 $950,000 Jun 2025 1,668 SF
4524 Ben Franklin, Spokane, WA 99224-5369 $197,106 Feb 2025 5,000 SF
6507 Alderbrook, Spokane, WA 99224-6500 $332,500 Jan 2025 2,400 SF
4602 Ben Franklin, Spokane, WA 99224-5178 $695,000 Mar 2021 4,000 SF
6102 Hayford, Spokane, WA 99224-9742 $3,687,000 Sep 2020 8,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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