Airway Heights Light Industrial
2002 S Garfield Rd, Airway Heights, WA 99001
COMMERCIAL - Airway Heights, WA
Property size:
3,960 SFLot size:
0.41 AcresPrice / SF:
$106/SF- Added:
- Apr 6, 2026
- Days on Market:
- 57
- Last Refresh:
- Jun 1 at 6:06 pm
Property Features for 2002 S Garfield Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I1
- Standard status
- Active
- APN
- 15252.0401
- Size
- 3,960 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4476
Utilities
- Heating system
- Electric (Heating), Ductless (Heating), Natural Gas
- Cooling system
- Ductless, Window Unit(s)
Building Details
- Year built
- 2007
- Floors in Building
- 2
- Building materials
- Steel Frame
- Roof type
- Metal
- Additional Structures
- Workshop
Listing agent Amber Leigh (855) 450-0442
Listing office REAL Broker LLC 1400 112th Ave SE, Ste 100, Bellevue, WA (855) 450-0442
Listing date Apr 6, 2026
MLS# 202615202
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3960 sq ft warehouse on nearly half acre, fully fenced lot with gated access.
- Strategically located near major highway, airport, and Amazon distribution center.
- Zoned I1 for light industrial use: suitable for storage, workshop, distribution, manufacturing, or flex office space.
- Large roll‑up door and 2‑story layout with 18 interior rooms and one large room.
- Efficient climate control with gas heat and mini‑split system.
- 2 phase 800 amp electrical service.
Overview
This light industrial (I1) warehouse property in Airway Heights, Washington, offers 3960 square feet of usable space on a 0.41-acre lot. The property is fully fenced with gated access. The two-story metal building is configured with 18 interior rooms, each approximately 16x16, along with one larger room of approximately 20x20, and a large roll-up door. The property is suited for various uses, including storage units, contractor space, workshop, distribution, manufacturing, or flex office space. It features city water, a septic system, two bathrooms, gas heat, and a mini-split system for climate control. The property's location near a major highway, the airport, and an Amazon distribution center makes it suitable for logistics, e-commerce operations, contractors, warehouse storage, or light manufacturing. The electrical system provides 2 phase 800 amp service.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $9.00 |
| − Vacancy | −$3.0k | −$0.77 |
| EGI | $32.6k | $8.24 |
| − OpEx | −$4.9k | −$1.24 |
| NOI | $27.7k | $7.00 |
3,960 SF · lease $9.00/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$396.0K
$346.5K – $462.0K
NOI $27,719 @ 7.0% cap · market cap 6.60%
Second Best
Flex RnD
$329.6K
$288.4K – $384.6K
NOI $23,073 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$915.0K
$800.7K – $1.07M
NOI $64,053 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Airway Heights
- County
- Spokane
- State
- Washington
- Longitude
- -117.577538
- Latitude
- 47.636384
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Versatile warehouse near highway, airport, and Amazon distribution center.
Where is this flex space located?
The property is located at 2002 S Garfield Rd Airway Heights, WA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 3960 sq ft warehouse on nearly half acre, fully fenced lot with gated access.; Strategically located near major highway, airport, and Amazon distribution center.; Zoned I1 for light industrial use: suitable for storage, workshop, distribution, manufacturing, or flex office space.
