Industrial Warehouse with Yard
New
For Sale
Contact for pricing
11319 W Willow Ln, Airway Heights, WA 99001
Warehouse tenancy continues through September 2027, with grade-level loading and a small office area.
Property Size7,200 SF
Price / SF$131.94
Days on Market3
Property Features for 11319 W Willow Ln
General Information
Standard status
Active
Size
7,200 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Power
400 amps
Three-Phase Power
Yes
Additional Details
Outdoor Storage
Yes
Listing Agency:
Kiemle Hagood
(509) 838-6541
Listed By:
Mark Lucas
(509) 755-7524
Source:
Moodyscre
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 1:50PM
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
Investment Insights
Based on property information with market context.
The 7,200-square-foot warehouse includes yard space, grade-level loading, a small office area and restrooms. Building systems and improvements include 400 amps of three-phase power, upgraded LED lighting and radiant heat.
The property is within Airways Industrial Park in Airway Heights, Washington. The current tenant is scheduled to occupy the warehouse through 9/30/2027.
The property is within Airways Industrial Park in Airway Heights, Washington. The current tenant is scheduled to occupy the warehouse through 9/30/2027.
Key Highlights
- 7,200‑square‑foot warehouse
- Current tenant occupancy through 9/30/2027
- Yard space and grade loading
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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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 - Warehouse tenancy continues through September 2027, with grade-level loading and a small office area.
Where is this warehouse located?
The property is located at 11319 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; Current tenant occupancy through 9/30/2027; Yard space and grade loading
