5800 Thomas Mallen Rd Cheney, WA 99224
This exceptional 5.19-acre industrial land parcel, located at 5800 S Thomas Mallen Rd, Cheney, WA 99224, presents a unique investment opportunity. Situated in Spokane County, this property boasts a Light Industrial zoning designation, making it ideal for a variety of commercial uses. The lot size is approximately 235,578 square feet, offering ample space for development. The property features access to city sewer and water services, simplifying infrastructure needs. The Assessor's Parcel Number (APN) is 24053.9102. This strategically located land offers significant potential for businesses seeking a well-connected location within Spokane County. While the current lease on an adjacent parcel expires September 18, 2025, this offering focuses solely on the 5.19-acre parcel identified above. The seller is also open to offers on a separate, adjacent parcel (APN 24053.9031), but details on that parcel are available upon request. This prime industrial land is priced at $900,000 and represents a compelling opportunity for investors and developers alike. Don't miss this chance to acquire a substantial industrial property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.