Versatile Industrial Property in Deer
521 S Fir Avenue Deer Park, WA 99006
521 S Fir Avenue, Deer Park, WA, 99006
$1,295,000
For Sale
$1,295,000
Industrial property with office space, warehouse, and fenced yard.
Property Size6,364 SF
Price / SF$203.49
Days on Market242
Property Features for 521 S Fir Avenue
General Information
- Standard status
- Active
- Size
- 6,364 SF
- Property subtype
- Office/Warehouse
Building Details
- Year Built
- 1986
Listing agency
NAI Black - Spokane
(509) 710-2819
Listed by
Mark C. McLees
(509) 710-2819
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:41AM Checked: Jul 21 at 6:31AM
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 NAI Black - Spokane
Investment Insights
Based on property information with market context.
This property, constructed in 1986, features approximately 7,000 square feet of improvements, including a 6,364-square-foot main level and a 636-square-foot second floor. The site encompasses approximately 40,229 square feet (0.92 acres) and includes a fenced yard of approximately 12,000 square feet. The property is alarmed and equipped with security cameras. It offers 11 paved and striped car parks, including one ADA-compliant space. The interior includes two executive offices with built-in desks and drawers, two standard offices, and two conference rooms. A built-in reception desk is present, along with two ADA-compliant restrooms, one standard restroom with a shower, and a kitchenette. The property incorporates four warehouse spaces, each with overhead doors (OHDs) of varying sizes: 10'x10', 10'x11', 10'x6', 9'x8', and 9'x9.5'. Multiple work rooms are also included. Located in Deer Park.
Key Highlights
- 7,000± SF of total space including office and warehouse areas.
- Four warehouse spaces with multiple overhead doors of varying sizes.
- Fenced yard of approximately 12,000± SF.
Local Financial Insights For Office B
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 | $127.5k | $20.04 |
| − Vacancy | −$27.4k | −$4.30 |
| EGI | $100.2k | $15.74 |
| − OpEx | −$25.0k | −$3.93 |
| NOI | $75.1k | $11.80 |
6,364 SF · lease $20.04/SF/yr · vacancy 21.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.07M
$938.9K – $1.25M
NOI $75,115 @ 7.0% cap · market cap 5.80%
Second Best
Warehouse
$636.4K
$556.8K – $742.4K
NOI $44,546 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $102,938 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- J Street Storage & Ladybug Car Wash — 112 Meadowmere Rd, Deer Park, WA 99006
- Dp storage & Uhaul — 404 S Fir Ave, Deer Park, WA 99006
- Deer Park Diamond Storage — 209 W D St, Deer Park, WA 99006
FAQs
What type of property is this?
Warehouse - Industrial property with office space, warehouse, and fenced yard.
Where is this warehouse located?
The property is located at 521 S Fir Avenue Deer Park, WA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 7,000± SF of total space including office and warehouse areas.; Four warehouse spaces with multiple overhead doors of varying sizes.; Fenced yard of approximately 12,000± SF.
