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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2024 Hayden Rd Airway Heights, WA 99001

    • Self storage facilities
    • 11,822 SF
    • 16.83 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1441226
    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.

    Current Use by Public Records

    • Self storage facilities

    Property Details for 2024 Hayden Rd

    Lot size
    16.83 lot acres
    Property size
    11,822 SF
    Property type
    Self storage facilities
    Property subtype
    Flex space

    Description

    This exceptional Airway Heights, WA property offers a compelling investment opportunity. Encompassing 16.83 acres, the site boasts a substantial 11,822 square feet of existing buildings, including a 3,252 square foot house and 8,570 square feet of general-purpose structures. Priced at $2,300,000 ($194.55/sq ft), this owner-user property is ideally suited for a variety of industrial uses. Its strategic location just off US Hwy 2, in the heart of Airway Heights, provides excellent access and visibility. The property benefits from a hard corner location with frontage on 21st Ave, currently undergoing a 5-lane expansion east of Hayford Road. Airway Heights is experiencing significant industrial growth, making this a prime location for single-tenant development or multiple light industrial flex buildings. Furthermore, its placement within the Airway Heights Opportunity Zone presents additional investment advantages. This versatile property offers significant potential for expansion and development, making it an attractive option for businesses seeking a strategic location within a thriving industrial area. The existing buildings provide immediate occupancy options while the expansive lot size allows for future growth and expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.567624
    Latitude
    47.636535

    Comparable in this City

    • $895,000
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      Airway Heights Warehouse - $895K

      Spacious warehouse, ideal investment opportunity.
      1208 Lundstrom St, Airway Heights, WA 99001
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    • $1,150,000
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      Airway Heights Commercial Opportunity

      Newly updated commercial property near Spokane, ideal for various ventures.
      1927 S Garfield Rd, Airway Heights, WA 99001
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    • $3,799,900

      51-Unit Mobile Home & RV Park

      51-unit mobile home, RV park, and motel on 4.17 acres.
      12525 W Sunset Hwy, Airway Heights, WA 99001
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    • $225,000
      1.00 Acre

      Prime Airway Heights Industrial Land

      1-Acre Industrial Lot, Hwy 2 Access
      0 Hwy 2 & Hayden Rd, Airway Heights, WA 99001
      View Details
    • $895,000
      7,691 SF

      Airway Heights Industrial Property

      7,691 SF industrial property in Airway Heights, Washington.
      1208 S Lundstrom St, Airway Heights, WA 99001
      View Details
    • $875,000
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      Airway Heights Industrial Land

      8.24 Acres, Light Industrial Zoning
      0 Russell St, Airway Heights, WA 99001
      View Details

    Similar Nearby for Sale

    • $895,000
      7,691 SF

      Airway Heights Warehouse - $895K

      Spacious warehouse, ideal investment opportunity.
      1208 Lundstrom St, Airway Heights, WA 99001
      View Details
    • $1,150,000
      11,980 SF

      Airway Heights Commercial Opportunity

      Newly updated commercial property near Spokane, ideal for various ventures.
      1927 S Garfield Rd, Airway Heights, WA 99001
      View Details
    • $3,799,900

      51-Unit Mobile Home & RV Park

      51-unit mobile home, RV park, and motel on 4.17 acres.
      12525 W Sunset Hwy, Airway Heights, WA 99001
      View Details
    • $225,000
      1.00 Acre

      Prime Airway Heights Industrial Land

      1-Acre Industrial Lot, Hwy 2 Access
      0 Hwy 2 & Hayden Rd, Airway Heights, WA 99001
      View Details
    • $895,000
      7,691 SF

      Airway Heights Industrial Property

      7,691 SF industrial property in Airway Heights, Washington.
      1208 S Lundstrom St, Airway Heights, WA 99001
      View Details
    • $875,000
      8.24 Acres

      Airway Heights Industrial Land

      8.24 Acres, Light Industrial Zoning
      0 Russell St, Airway Heights, WA 99001
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      35,081 SF

      Airway Heights Warehouse Space Available

      Industrial warehouse space for lease in Spokane County.
      13026 Mcfarlane Rd, Airway Heights, WA 99001
      View Details
    • $13 SF/Yr
      2,500 SF

      Sunset Hwy Warehouse Space

      2,500 SF Warehouse Space Available
      12525 Sunset Hwy, Airway Heights, WA 99001
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    • $7 SF/Yr
      12,000 SF

      Airway Heights Warehouse Space Available

      Modern warehouse, 6,000 sq ft, 10 acres.
      1100 Garfield Rd, Airway Heights, WA 99001
      View Details
    • Contact for pricing
      21,840 SF

      Modern Industrial Warehouse Space

      New industrial warehouse space with heavy industrial zoning.
      11307 W Mcfarlane Rd, Spokane, WA 99001
      View Details
    • Contact for pricing
      202,800 SF

      Airway Heights Warehouse Space Available

      202,800 SF warehouse/industrial space in Airway Heights, Washington.
      11603 West Mcfarlane Rd, Airway Heights, WA 99001
      View Details
    • Contact for pricing
      63,162 SF

      Airway Heights Industrial Land

      1.45 Acres, C-2 Zoning, Graded Site
      11109 Us-2, Airway Heights, WA 99001
      View Details
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    Airway Heights, WA 99001
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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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