Liberty Lake Flex Industrial
22820 E Appleway Ave Liberty Lake, WA
22820 E Appleway Ave, Liberty Lake, WA, 00000
Contact for pricing
For Sale
Contact for pricing
High-quality flex industrial property suitable for owner-users or investors.
Property Size36,498 SF
Lot Size2.46 Acres
Price / SF$158.91
Days on Market1045
Property Features for 22820 E Appleway Ave
General Information
- Standard status
- Active
- Size
- 36,498 SF
- Lot size
- 2.46 Acres
- Property subtype
- OFFICE
Properties For Sale
at 22820 E Appleway Ave Contact us
Listing agency
Kiemle Hagood
(509) 755-7542
Listed by
Tim Kestell · License #84800
(509) 755-7542
Source
Moodyscre
Added: Sep 12, 2023 Updated: Jul 6 at 8:48AM Checked: Jul 21 at 3:14AM
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.
This multi-tenant, single-level flex industrial property in Liberty Lake offers a rare opportunity for both owner-users and investors. Constructed in 1992 and renovated in 2015, the building provides approximately 36,498 square feet of space on a land area of approximately 2.46 acres (107,157 square feet). The property includes approximately 176 parking stalls, equating to a ratio of approximately 4.82 stalls per 1,000 square feet. It features newer roofing, a gym/warehouse space, and an outdoor break area. The property is zoned for industrial use (I) and has 440V power. Convenient freeway access enhances its appeal.
Key Highlights
- ±36,498 SF high‑quality flex industrial property suitable for owner‑user or investor.
- Rare Liberty Lake location with convenient freeway access.
- Ample parking with ±176 stalls (±4.82 per 1,000 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 | $731.4k | $20.04 |
| − Vacancy | −$157.0k | −$4.30 |
| EGI | $574.4k | $15.74 |
| − OpEx | −$143.6k | −$3.93 |
| NOI | $430.8k | $11.80 |
36,498 SF · lease $20.04/SF/yr · vacancy 21.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.15M
$5.38M – $7.18M
NOI $430,788 @ 7.0% cap · market cap 7.43%
Second Best
Flex RnD
$3.04M
$2.66M – $3.54M
NOI $212,659 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$8.43M
$7.38M – $9.84M
NOI $590,357 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Bobby's Cafe & Catering — 1620 N. Signal Drive, Rm. N102B, Liberty Lake, WA 99019
- Le Catering — 24001 E Mission Ave, Liberty Lake, WA 99019
FAQs
What type of property is this?
Flex space - High-quality flex industrial property suitable for owner-users or investors.
Where is this flex space located?
The property is located at 22820 E Appleway Ave Liberty Lake, WA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: ±36,498 SF high‑quality flex industrial property suitable for owner‑user or investor.; Rare Liberty Lake location with convenient freeway access.; Ample parking with ±176 stalls (±4.82 per 1,000 SF).
