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    1481 N Cedar Rd Deer Park, WA 99006
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    1481 N Cedar Rd Deer Park, WA 99006

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    • Industrial land
    For Sale
    $491,284
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    Light Industrial Land For Sale For Sale
    $491,284

    Light Industrial Land For Sale

    Light industrial land available for sale, lease, or build-to-suit.

    1481 N Cedar Rd, Deer Park, WA 99006
    View Listing
    Property ID
    US90-2209065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 1481 N Cedar Rd

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    Light Industrial land ready to build For Sale, For Lease, or Build to Suit, located on the corner of Cedar Rd and Enoch Rd directly across from Deer Park Airport in Deer Park, WA. The property is being developed by Blue Skies Property Development offering flexible building and lot options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Deer Park
    County
    Spokane
    State
    Washington
    Longitude
    -117.4393157
    Latitude
    47.9693645

    Comparable in this City

    • Contact for pricing
      50,000 SF

      Light Industrial Land Ready to Build

      Corner lot near Deer Park Airport, utilities ready, flexible options.
      1481 N Cedar Rd, Deer Park, WA 99006
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    • $240,000
      Pending

      10 Acres in Deer Park

      Land with well, power, and gas near Deer Park.
      6311 W Herman Rd, Deer Park, WA 99006
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    • $149,900
      14.70 Acres

      Expansive Land Parcel Near Deer Park

      14.7 acre parcel offers privacy and versatile use.
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      Commercial Land in Growing Community

      Commercial land for sale in fast-growing Deer Park, WA.
      606 S Main St, Deer Park, WA 99006
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    • $220,000
      19.27 Acres

      Land Near Dragoon Creek

      19+ acre parcels near Deer Park, WA with creek.
      W Enoch Rd, Deer Park, WA 99006
      View Details
    • $1,228,000

      Deer Park Commercial Development Land

      Prime development land in fast-growing Deer Park, Washington.
      508 W Main St, Deer Park, WA 99006
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,000 SF

      Light Industrial Land Ready to Build

      Corner lot near Deer Park Airport, utilities ready, flexible options.
      1481 N Cedar Rd, Deer Park, WA 99006
      View Details
    • $164,999
      Pending

      14 Acres of Flat Land

      Beautiful 14-acre parcel in Deer Park, WA, with mature trees.
      E Slaton Rd, Deer Park, WA 99006
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    • $349,000
      30.00 Acres

      30 Acres Land For Sale

      30 acres of land featuring timber, pasture, and open ground.
      5166 Hattery Owens Rd, Deer Park, WA 99006
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    • $79,000
      3.85 Acres

      Forested Land Parcel in Deer Park

      3.85-acre parcel ideal for hobby farm or private residence.
      Nka Lower Weaver Way, Deer Park, WA 99006
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    • $450,000
      61.12 Acres

      Farmland Along Highway 395

      61.12 acres of farmland bordering Highway 395.
      34XXX Highway 395 N, Deer Park, WA 99006
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    • $240,000
      Pending

      10 Acres in Deer Park

      Land with well, power, and gas near Deer Park.
      6311 W Herman Rd, Deer Park, WA 99006
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Deer Park Industrial Land Opportunity

      Industrial land available for sale, lease, or build-to-suit.
      1401 N Cedar Rd, Deer Park, WA 99006
      View Details
    • Contact for pricing

      Retail Space in Deer Park

      Retail property with ample parking and high visibility location.
      609 S Fir Ave, Deer Park, WA 99006
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    • Contact for pricing

      Prime Retail Location in Deer Park

      Retail space in growing community with great visibility and access.
      11 E H St, Deer Park, WA 99006
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    • Contact for pricing
      2,160 SF

      Deer Park Specialty Property

      Specialty property available for rent in Deer Park, Washington.
      609 S Fir Ave, Deer Park, WA 99006
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    • $8 SF/Yr

      Warehouse Space Near Highway 395

      2,160± SF warehouse/storage space with ample parking and highway access.
      603 S Fir Ave, Deer Park, WA 99006
      View Details
    View Listing
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    1481 N Cedar Rd
    Deer Park, WA 99006
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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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