Industrial Property with Office and
1612 South Campbell Street, Airway Heights, WA 99001
New
Three-building industrial site offers service and storage space with power, overhead doors, and a renovated office.
Type:Industrial
Property size:
10,856 SFPrice / SF:
$150/SF- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 25 at 8:43 pm
Property Features for 1612 South Campbell Street
General Information
- Standard status
- Active
- Size
- 10,856 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1989
Listing office Daines Capital Commercial Real Estate
Listing date Jun 22, 2026
Source Crexi
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 Daines Capital Commercial Real Estate
HighLights
- Three‑building industrial property on approx. 1.03 acres with a total of 10,856 SFT
- 840 SFT office building with bathroom with shower; currently being renovated with new paint, flooring, and roof
- 7,016 SFT service warehouse with 3‑phase, 400‑amp power; four 16' x 12' overhead doors; clear heights approx. 13'10"–13'14"
- Service warehouse includes two paint booths, gas heat, and a floor drain
- 3,000 SFT storage warehouse with 14 storage units
- Fully fenced site with barbed wire for added security and convenient access to Spokane International Airport, I‑90, and US‑2
Overview
The property consists of three separate buildings totaling approximately 10,856 square feet on about 1.03 acres. An 840-square-foot office building includes a bathroom with shower and is currently undergoing renovations with new paint, flooring, and roof improvements. The 7,016-square-foot service warehouse features 3-phase, 400-amp power, four 16' x 12' overhead doors, clear heights of approximately 13'10" to 13'14", two paint booths, gas heat, and a floor drain. A 3,000-square-foot storage warehouse includes 14 storage units.
The site is fully fenced with barbed wire and offers a secured yard setting for equipment and operational needs. The location provides quick access to Spokane International Airport, I-90, US-2, and Downtown Spokane.
This configuration can support contractors, service businesses, manufacturing, fleet operations, and equipment storage with on-site office space, functional warehouse features, and fenced security. Owner-users seeking an integrated warehouse and office arrangement may find the mix of service and storage buildings practical for day-to-day operations.
The site is fully fenced with barbed wire and offers a secured yard setting for equipment and operational needs. The location provides quick access to Spokane International Airport, I-90, US-2, and Downtown Spokane.
This configuration can support contractors, service businesses, manufacturing, fleet operations, and equipment storage with on-site office space, functional warehouse features, and fenced security. Owner-users seeking an integrated warehouse and office arrangement may find the mix of service and storage buildings practical for day-to-day operations.
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 | $217.6k | $20.04 |
| − Vacancy | −$46.7k | −$4.30 |
| EGI | $170.8k | $15.74 |
| − OpEx | −$42.7k | −$3.93 |
| NOI | $128.1k | $11.80 |
10,856 SF · lease $20.04/SF/yr · vacancy 21.47% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.14M
NOI $128,134 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$1.09M
$949.9K – $1.27M
NOI $75,989 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.51M
$2.19M – $2.93M
NOI $175,596 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Airway Heights
- County
- Spokane
- State
- Washington
- Longitude
- -117.5858275
- Latitude
- 47.6405905
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Three-building industrial site offers service and storage space with power, overhead doors, and a renovated office.
Where is this flex space located?
The property is located at 1612 South Campbell Street Airway Heights, WA.
What is the asking price?
The asking price for this property is $1,628,400.
What are key features of this property?
This property features: Three‑building industrial property on approx. 1.03 acres with a total of 10,856 SFT; 840 SFT office building with bathroom with shower; currently being renovated with new paint, flooring, and roof; 7,016 SFT service warehouse with 3‑phase, 400‑amp power; four 16' x 12' overhead doors; clear heights approx. 13'10"–13'14"
