Entity Owned 
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Property summary
This exceptional 112,501-square-foot industrial property, situated on a 10.08-acre lot in Cheney, Washington, presents a compelling investment opportunity. Originally constructed in 1982 as a Honeywell microchip manufacturing plant, the building boasts robust infrastructure including heavy power, concrete walls, and concrete roof trusses. The property is zoned LI and features three loading docks and four dock-high doors. Recent upgrades include a new roof (2017) and fresh interior paint… (2019), enhancing the building's overall condition. Currently leased to Allpack under an absolute net lease, meaning all repair and operating costs are the tenant's responsibility, this property offers a low-maintenance, high-return potential. The building's interior is well-maintained, reflecting its suitability for a variety of manufacturing or warehousing operations. The property's strategic location in Cheney, WA, with its address at 1500 W 1st St, zip code 99004, offers convenient access to transportation networks and a skilled workforce. The asking price is $8,000,000, translating to $71.11 per square foot. This represents a significant opportunity to acquire a well-maintained, strategically located industrial asset with a strong tenant in place. The property's APN is 13232.0086. This is a rare chance to own a substantial piece of Cheney's industrial landscape.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 7 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 108,600 SF
- Lot area
- 10.08 ac
- Year built
- 1982
- Stories
- 2
- APN
- 13232.0086
- Assessed value · 2024
- $5,376,730
- Annual tax · 2023
- $44,885
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $44,885
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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