3816 1 Ave Mead, WA 99021
Exceptional investment opportunity in Mead, WA, presents a 5,628 square foot warehouse ideally situated on E 1st Ave, just off Market Street. Built in 1996, this industrial property boasts a 12-foot ceiling height throughout and features three dock-high loading doors, enhancing operational efficiency. Currently housing two tenants on month-to-month leases, the property offers flexibility for the new owner. A removable interior wall allows for seamless conversion into a single, expansive warehouse space, perfect for owner-occupancy or a larger distribution center. The nearly one-acre lot provides ample parking and convenient access. The asking price is $800,000. This property is well-suited for a variety of uses, including warehouse storage, distribution, automotive repair, or a combination thereof. Its strategic location and versatile layout make it an attractive investment prospect with significant potential for future growth and return. The property's current tenants will vacate upon sale, providing the buyer with a clean slate to customize the space to their specific needs. Don't miss this chance to acquire a well-maintained industrial property in a thriving location.
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.