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111 E Lincoln Rd 9,293 SF 100% Leased Office Building Spokane, WA 99208 $1,250,000 ($134.51/SF) 5.40% Cap Rate
Investment Highlights
- Strong Cash Flow with Upside Potential: 100% leased multi-tenant office with in-place NOI and clear mark-to-market upside through rent growth.
- Ample On-Site Parking: 35 parking stalls on a 0.55-acre lot provide a strong parking ratio for the 8,432 SF office building.
- Established Tenant Mix: Diverse, service-oriented tenants
- Excellent Retail Proximity: Located near high-traffic North Spokane retail corridors and surrounding residential neighborhoods
Executive Summary
111 E Lincoln Rd is a 100% leased, multi-tenant office investment offered at $1,250,000. The 8,432 SF building sits on 0.55 acres with 36 on-site parking stalls and is zoned O-35, supporting long-term office and service-oriented use. The property generates $67,838 in current NOI (5.4% cap) with a clear path to $101,689 pro forma NOI (8.15% cap) through rent growth. The tenant mix includes counseling, nonprofit youth services, real estate, and salon users—providing stable, needs-based demand. Located near high-traffic North Spokane retail corridors with strong visibility and access, the asset offers immediate cash flow with upside potential
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,293 SF
Building Class
C
Year Built
1985
Price
$1,250,000
Price Per SF
$134.51
Cap Rate
5.40%
NOI
$67,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,216 SF
Building FAR
0.71
Lot Size
0.30 AC
Zoning
O
Parking
25 Spaces (2.96 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 36203.3214 | Improvements Assessment | $543,600 |
| Land Assessment | $124,220 | Total Assessment | $667,820 |
Property Taxes
Parcel Number
36203.3214
Land Assessment
$124,220
Improvements Assessment
$543,600
Total Assessment
$667,820
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111 E Lincoln Rd
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