Property profile

18909 E Appleway Ave Spokane Valley, WA 99016

FOR LEASE
Warehouses
Property ID
US90-2121435
14,000 SF 1.01 ac lot Built 1975
Individually Owned 12-yr Hold ~ Est. High Equity
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18909 E Appleway Ave, Spokane Valley, WA 99016 For Lease
Contact for pricing 4,800 SF available
18909 E Appleway Ave, Spokane Valley, WA 99016
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Property summary

AI-generated overview

This exceptional 17,635 square foot industrial land parcel is ideally situated in Spokane Valley, Washington, at 18909 E Appleway Ave, near the intersection of Barker and Appleway. Zoned CMU, this single-tenant property presents a unique opportunity for developers and businesses seeking a strategically located site in Spokane County. The property's expansive size allows for significant flexibility in development plans, catering to a variety of industrial uses. The address is conveniently located within Spokane Valley, offering easy access to major transportation routes, enhancing logistical efficiency for any future operations. A key feature is the existing water stub located in the northwest corner of the property, providing a significant head start for any construction project. This ready-to-develop site is situated in the 99016 zip code, providing access to a robust local workforce and established infrastructure. The property's single-tenant designation simplifies ownership and management, making it an attractive investment for those seeking a straightforward and efficient land acquisition. This prime industrial land offers a compelling combination of size, location, and utility, representing a rare opportunity in the Spokane Valley market. The property's zoning and location make it suitable for a range of industrial applications. Serious inquiries are encouraged to explore the potential of this exceptional property.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Construction STEEL FRAME
Total area 14,000 SF
Lot 1.01 ac (43,871 SF)
APN 55173.0612
UPID US90-2121435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply
  • Law Firm
  • Production Facility Industrial Manufacturer

Location

18909 E Appleway Ave Spokane Valley, WA 99016
Spokane Valley metro Census 13102 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$710k

Owner & transaction history

since 2014
4 recorded transactions
2014
$529,250
2005
$750,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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