Warehouse Space Approved for 24/7
New
For Sale
$999,500
1927 S Garfield Rd, Airway Heights, WA 99001
COMMERCIAL - Airway Heights, WA
Property Size11,980 SF
Lot Size0.01 Acres
Price / SF$83.43
Days on Market2
Property Features for 1927 S Garfield Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Fencing
View
City
Elementary school district
Cheney
Standard status
Active
APN
15252.0149
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
Listed By:
Konstantin Velikodnyy · License #112734
(509) 489-7000
Added: Aug 1
Last Checked: Aug 2 at 6:06AM
MLS# 202621993
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 warehouse at 1927 S Garfield Rd in Airway Heights features steel-frame construction, a metal roof, natural gas heating, and central air. The exterior has been freshly painted, and the parking has been leveled and improved. The property is approved for 24/7 operation and is zoned 100% commercial, supporting a wide range of business uses.
With 11,980 SF of potential shop space, the building is set up for day-to-day operations where a dedicated workspace is needed. It’s positioned near Amazon’s distribution center, Spokane International Airport, and major highways, which can support logistics-focused activity and convenient access for employees and customers.
With 11,980 SF of potential shop space, the building is set up for day-to-day operations where a dedicated workspace is needed. It’s positioned near Amazon’s distribution center, Spokane International Airport, and major highways, which can support logistics-focused activity and convenient access for employees and customers.
Key Highlights
- 11,980 SF of potential usable shop space
- 0.0069‑acre lot
- 100% commercial zoning
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 13.17%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,857 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,777 @ 7.0% cap · market cap 19.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99001, WA
8,859
Population
2,739
Households
3.2
Avg Household Size
34
Median Age
18%
College-Educated
91%
High-School Grad
8.0 sq mi
ZIP Area
1,107
Density / Sq Mi
$60,182
Median Household Income
$34,200
Median Earnings
$1,271
Median Rent
$281,100
Median Home Value
Market
Properties on Market for Warehouses in Spokane County
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ABC Mini Storage — 1601 S Lyons Rd, Airway Heights, WA 99001
- Ray's Big Bays — 11822 W 21st Ave, 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
Frequently Asked Questions
What type of property is this?
Warehouse - Updated steel-frame warehouse with 11,980 SF shop space, 100% commercial zoning, and 24/7 operating approval.
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 $999,500.
What are key features of this property?
This property features: 11,980 SF of potential usable shop space; 0.0069‑acre lot; 100% commercial zoning
