Clear-Span
New
For Sale
Contact for pricing
11315 W Willow Ln, Airway Heights, WA 99001
Grade-level loading and drive-through access support flexible movement through the warehouse.
Property Size7,200 SF
Price / SF$131.94
Days on Market4
Property Features for 11315 W Willow Ln
General Information
Standard status
Active
Size
7,200 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Span
Yes
Tenant in Place
Yes
Building Details
Buildings
1
Construction
steel
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:01PM
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
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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-square-foot warehouse is built with a steel frame and clear-span interior. Grade-level loading and drive-through capability support vehicle access through the building. The property is identified as Building 107 in Airways Industrial Park.
A short-term lease is in place through March 2027.
A short-term lease is in place through March 2027.
Key Highlights
- 7,200‑square‑foot warehouse
- Clear‑span steel construction
- Grade‑level loading and drive‑through capability
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?
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 - Grade-level loading and drive-through access support flexible movement through the warehouse.
Where is this warehouse located?
The property is located at 11315 W Willow Ln 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‑square‑foot warehouse; Clear‑span steel construction; Grade‑level loading and drive‑through capability
