Airway Heights Commercial
1927 S Garfield Rd Airway Heights, WA 99001
1927 S Garfield Rd, Airway Heights, WA, 99001
$1,099,000
For Sale
$1,099,000
COMMERCIAL - Airway Heights, WA
Property Size11,980 SF
Lot Size0.01 Acres
Price / SF$91.74
Days on Market47
Property Features for 1927 S Garfield Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 15252.0149
- Size
- 11,980 SF
- Lot size
- 0.01 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1981
- Building materials
- Steel Frame
- Roof type
- Metal
- Additional Structures
- Workshop
Listing Agency
Kelly Right Real Estate of Spokane
(509) 489-7000
140 S ARTHUR ST STE 600, Spokane, WA
Listed by
Nick Grishko · License #95551
(509) 489-7000
Added: Jun 1 Checked: Jul 17 at 5:06 am
MLS# 202618405
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.
Investment Insights
Based on property information with market context.
This updated commercial property offers approximately 11980 square feet of usable shop space. The property is freshly painted on the outside and features leveled and improved parking. Zoned 100% commercial and approved for 24/7 operation, it is suitable for car repair, towing, trucking, storage, warehousing, or other business ventures. The property is located near Amazon's distribution center, Spokane International Airport, and major highways, offering logistical advantages and business visibility. The lot size is approximately 0.0069 acres.
Key Highlights
- 11,980 Sq Ft of Usable Shop Space
- Prime Location Near Amazon, Airport, and Major Highways
- Zoned 100% Commercial and Approved for 24/7 Operation
Local Financial Insights For Warehouse
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 | $107.8k | $9.00 |
| − Vacancy | −$9.2k | −$0.77 |
| EGI | $98.7k | $8.24 |
| − OpEx | −$14.8k | −$1.24 |
| NOI | $83.9k | $7.00 |
11,980 SF · lease $9.00/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.88M
$1.65M – $2.19M
NOI $131,662 @ 7.0% cap · market cap 11.98%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,857 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,777 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- ABC Mini Storage — 1601 S Lyons Rd, Airway Heights, WA 99001
- Airway Heights Mini-Storage — 1528 s campbell st, airway heights, wa 99001
- Airway Heights Mini-Storage, LLC — 1528 S Campbell St, Airway Heights, WA 99001
- Airway Heights, WA - Old Hickory Sheds — 10920-B, W Sunset Hwy, Airway Heights, WA 99001
- Block Self Storage — 12310 W 12th Ave, Airway Heights, WA 99001
FAQs
What type of property is this?
Warehouse - Updated commercial property near Spokane, ideal for various business ventures.
Where is this warehouse located?
The property is located at 1927 S Garfield Rd Airway Heights, WA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 11,980 Sq Ft of Usable Shop Space; Prime Location Near Amazon, Airport, and Major Highways; Zoned 100% Commercial and Approved for 24/7 Operation
