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    8972 W Hallett Rd Cheney, WA 99004

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    For Sale
    $1,250,000

    Shovel-ready self-storage development site near Spokane International Airport.

    Lot size:
    5.74 Acres

    Property Features for 8972 W Hallett Rd

    General Information

    Lot size
    5.74 Acres

    Source: American Real Estate Associates, Inc. Agent Ryan Layton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Self Storage Development Opportunity

    This self-storage development opportunity is located on approximately 5.74 acres along Hallett Road in the Terrace Heights neighborhood, directly across from the Spokane International Airport in Cheney, WA. The fully entitled property is designed to meet the increasing demand for household, boat, and RV storage in Cheney and Spokane County. The site is shovel-ready with permits in place for 107,950 rentable square feet of storage space, plus a retail/office space for customers. The property offers the flexibility to design and brand the facility, with ample room for expansion. Located just west of Spokane and near major employers such as Amazon and Boeing, as well as nine scenic lakes, the site benefits from high visibility and direct access to Interstate 90. It is situated within the newly developed Terrace Heights neighborhood, which features modern amenities such as sidewalks, streetlights, parks, an elementary school, and several hundred newly constructed homes and apartments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Department Store Food Market Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.538722
    Latitude
    47.593122

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    FAQs

    What type of property is this?
    Self storage facility - Shovel-ready self-storage development site near Spokane International Airport.
    Where is this self storage facility located?
    The property is located at 8972 W Hallett Rd Cheney, WA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Shovel-ready, fully entitled property with permits in place for **107,950 rentable square feet of storage space and a retail/office**.; - Strategic location in the growing Terrace Heights neighborhood, directly across from Spokane International Airport.; - High demand for boat and RV storage in a vibrant, recreational community.
    (509) 435-2424
    Request Owner's contact information
    8972 W Hallett Rd Cheney, WA 99004
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    Cheney, WA 99004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8972 W Hallett Rd Cheney, WA 99004
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