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Property profile & analytics
OFF-MARKET Estimated value $2,290,000
Distribution centers

5420 Corrigan Rd Otis Orchards, WA 99027-9269

16,500 SF 1.89 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0246663
Property summary
AI-generated overview

This exceptional 16,500-square-foot industrial property, located at 5420 N Corrigan, presents a unique opportunity for businesses seeking a versatile and well-equipped space. Currently occupied by Guardian Restoration, this single-tenant facility offers a seamless blend of manufacturing, warehouse, and office space. The building boasts a spacious shop area, complemented by functional office amenities including a dedicated conference room, a bullpen workspace, and two restrooms. The property sits on a fully fenced site, providing enhanced security and peace of mind. A significant yard area is also available, offering ample space for storage, equipment, or expansion. The property is offered for both sale and lease, providing flexibility to suit various business needs. Please note that the current owner is occupying the space, requiring a reasonable transition period for relocation. This is an ideal location for a company seeking a well-maintained, ready-to-occupy industrial facility with a blend of workspace and storage options. The property's strategic location and comprehensive features make it an attractive investment or lease opportunity. Serious inquiries are encouraged to explore this exceptional property further.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1994
Construction STEEL FRAME
Total area 16,500 SF
Lot 1.89 ac (82,349 SF)
APN 56334.9054
UPID US90-0246663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Guardian Restoration of Spokane Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
$1.66M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.29M
Owner & transaction history
Fairweather Innovations LLC · 1 yrs held
Fairweather Innovations LLC
since 2025
Last sale
$2.3M
7 recorded transactions
2025
Price N/A
2025
$2.3M
2016
$640,000
2001
$365,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.6M +82.4%
Office building $3.6M +82.0%
Medical building $3.4M +71.0%
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