Clearspan Industrial
11315 W Jake Lane, Airway Heights, WA 99001
For Sale
New
Contact for pricing
The property is leased on an NNN basis through October 2027, with office and warehouse areas under one roof.
Property Size7,200 SF
Lot Size0.73 Acres
Price / SF$131.94
Days on Market7
Property Features for 11315 W Jake Lane
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Span
Warehouse Space
Office Build-Out
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Construction
Listing Agency:
Kiemle HaGood
Listed By:
Tracy Poff
(509) 755-7588
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 10 at 8:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiemle HaGood
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,200 SF steel warehouse includes 6,570 SF of warehouse area and 630 SF of office space. The clearspan building sits on a 31,954 SF site zoned I-2 Heavy Industrial. A tenant lease on NNN terms runs through October 31, 2027.
The property is in Airway Heights, with access to I-90, Highway 2 and Spokane Airport. The site also includes a yard.
The property is in Airway Heights, with access to I-90, Highway 2 and Spokane Airport. The site also includes a yard.
Key Highlights
- 7,200 SF clearspan steel warehouse
- 6,570 SF warehouse area and 630 SF office area
- 31,954 SF site zoned I‑2 Heavy Industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,398
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,960
$1.0M
Cap Rate 7%
$719,971
$720.0K
Cap Rate 9%
$559,978
$560.0K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$64.8K $9.00/SF
− Vacancy
−$5.5K −$0.77/SF
EGI
$59.3K $8.24/SF
− OpEx
−$8.9K −$1.24/SF
NOI
$50.4K $7.00/SF
Area
Spokane County, WA
Vacancy
8.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,007,960
Cap Rate 7%
$719,971
Cap Rate 9%
$559,978
Alternative Uses
Best Use
Warehouse
$720.0K
$630.0K – $840.0K
NOI $50,398 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,460 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99001, WA
8,859
Population
2,739
Households
3.2
Avg Household Size
34
Median Age
18%
College-Educated
91%
High-School Grad
8.0 sq mi
ZIP Area
1,107
Density / Sq Mi
$60,182
Median Household Income
$34,200
Median Earnings
$1,271
Median Rent
$281,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Spokane County, WA
Properties on Market for Warehouses in Spokane County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Ray's Big Bays — 11822 W 21st Ave, Airway Heights, WA 99001
- ABC Mini Storage — 1601 S Lyons Rd, Airway Heights, WA 99001
Frequently Asked Questions
What type of property is this?
Warehouse - The property is leased on an NNN basis through October 2027, with office and warehouse areas under one roof.
Where is this warehouse located?
The property is located at 11315 W Jake Lane Airway Heights, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,200 SF clearspan steel warehouse; 6,570 SF warehouse area and 630 SF office area; 31,954 SF site zoned I‑2 Heavy Industrial
