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    Hayford Business Park: New Construction Title is generated by Realmo AI

    2001 S Hayford Rd, Airway Heights, WA 99224

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    For Lease
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    New industrial, flex, and office spaces available for lease.

    Type:Business Park
    Property size:
    227,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 6 at 12:22 am

    Property Features for 2001 S Hayford Rd

    General Information

    Standard status
    Active
    Size
    227,000 SF
    Property subtype
    Business Park

    Spaces For Lease

    at 2001 S Hayford Rd Contact us

    We can help!

    Listing Contact
    Guy D. Byrd, SIOR
    Guy D. Byrd, SIOR

    Listing agent Guy D. Byrd, SIOR License #WA #17968

    Listing office SVN Cornerstone LLC

    Listing date Nov 21, 2025

    Source Svn

    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 SVN Cornerstone LLC

    HighLights

    • New construction light industrial and office spaces with modern finishes, available 2023‑2024.
    • Highly prominent and visible business park with up to 227,000 SF of leasable space.
    • Convenient location on Hayford Road with access to I‑90 and Hwy 2.
    • Flexible spaces suitable for both large and small users.
    • Benefit from 18'-35' ceiling clear height in warehouse spaces, with fire sprinklers, dock and grade loading doors.
    • Water, sewer, and power provided to each phase of the development.

    Overview

    The Hayford Business Park offers newly constructed industrial warehouse, flex, and office spaces designed to accommodate both large and small users. The development provides state-of-the-art amenities and features up to 227,000 square feet of leasable space. Construction includes light industrial and office spaces with modern finishes, with availability planned for 2023-2024. Warehouse spaces feature ceiling clear heights between 18 and 35 feet, fire sprinklers, dock doors, and grade-level loading doors. Each 85,000 square foot industrial building will have 8 to 10 dock doors and 4 grade-level doors. Essential utilities such as water, sewer, and power will be provided to each phase of the development. The business park is located on Hayford Road, offering convenient access to I-90 and Highway 2. Road improvements are planned for Hayford Road and 21st Avenue. The property is locally owned and managed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

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

    Similar Places 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, WA - Old Hickory Sheds — 10920-B, W Sunset Hwy, Airway Heights, WA 99001

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.558
    Latitude
    47.6371

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    FAQs

    What type of property is this?
    Warehouse - New industrial, flex, and office spaces available for lease.
    Where is this warehouse located?
    The property is located at 2001 S Hayford Rd Airway Heights, WA.
    What are key features of this property?
    This property features: New construction light industrial and office spaces with modern finishes, available 2023‑2024.; Highly prominent and visible business park with up to 227,000 SF of leasable space.; Convenient location on Hayford Road with access to I‑90 and Hwy 2.
    (509) 321-2000
    We can help!
    Listing Contact
    Guy D. Byrd, SIOR
    Guy D. Byrd, SIOR
    Real Estate License ID: WA #17968
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    2001 S Hayford Rd, Airway Heights, WA 99224
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