Self-Storage Facility with Expansion
1405 W HALF MOON Rd, Colbert, WA 99005
For Sale
$1,300,000
Commercial Sale, Colbert, WA
Property Size12,600 SF
Lot Size10.00 Acres
Price / SF$103.17
Days on Market96
Property Features for 1405 W HALF MOON Rd
General Information
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Elementary school district
Directions
Standard status
APN
Lot size
Building Details
Year built
Building materials
Roof type
Additional Structures
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Collin Kelley
(360) 339-5093
Added: Aug 6
Changed: Oct 7
Last Checked: Nov 9 at 4:06AM
MLS# 202622221
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This self-storage facility occupies approximately 10 acres and contains 27 units, including a 3,600-square-foot building, a 1,800-square-foot unit, and 24 storage units of approximately 300 square feet each. The improvements were constructed in 2016 with steel-frame construction and a metal roof. The property is reported as 100% occupied and includes long-term tenants across the existing unit mix.
Located at 1405 W Half Moon Rd in Colbert, Washington, the property includes permits for additional expansion. The combination of an established storage operation, varied unit sizes, and available land supports continued use as a self-storage facility.
Located at 1405 W Half Moon Rd in Colbert, Washington, the property includes permits for additional expansion. The combination of an established storage operation, varied unit sizes, and available land supports continued use as a self-storage facility.
Key Highlights
- Approximately 10 acres
- 27 total units, including 24 approximately 300 SF storage units
- 3,600 SF building and 1,800 SF unit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,603
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,212,060
$2.2M
Cap Rate 7%
$1,580,043
$1.6M
Cap Rate 9%
$1,228,922
$1.2M
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$166.3K $13.20/SF
− Vacancy
−$8.3K −$0.66/SF
EGI
$158.0K $12.54/SF
− OpEx
−$47.4K −$3.76/SF
NOI
$110.6K $8.78/SF
Area
Spokane County, WA
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,212,060
Cap Rate 7%
$1,580,043
Cap Rate 9%
$1,228,922
Alternative Uses
Best Use
Self Storage
$1.58M
$1.38M – $1.84M
NOI $110,603 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,197 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,806 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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Business Placement
Demographics for 99005, WA
10,253
Population
3,656
Households
2.8
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
39.6 sq mi
ZIP Area
259
Density / Sq Mi
$123,259
Median Household Income
$49,775
Median Earnings
$1,185
Median Rent
$488,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Self storage facility - Occupied storage property with multiple unit sizes, substantial land area, and approved expansion permits.
Where is this self storage facility located?
The property is located at 1405 W HALF MOON Rd Colbert, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 10 acres; 27 total units, including 24 approximately 300 SF storage units; 3,600 SF building and 1,800 SF unit included
