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12310 W 12th Ave 20,925 SF Specialty Building Offered at $1,850,000 at a 6.16% Cap Rate in Airway Heights, WA 99001
Investment Highlights
- Value Add Upside in Rents
- Prime Location near AFB and New housing
- Paved, Gated and Camera System in Place
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$208,272
|
$9.95
|
| Other Income |
$7,643
|
$0.37
|
| Vacancy Loss |
$49,772
|
$2.38
|
| Effective Gross Income |
$166,143
|
$7.94
|
| Taxes |
$15,500
|
$0.74
|
| Operating Expenses |
$36,675
|
$1.75
|
| Total Expenses |
$52,175
|
$2.49
|
| Net Operating Income |
$113,968
|
$5.45
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $208,272 |
| Annual Per SF | $9.95 |
| Other Income | |
|---|---|
| Annual | $7,643 |
| Annual Per SF | $0.37 |
| Vacancy Loss | |
|---|---|
| Annual | $49,772 |
| Annual Per SF | $2.38 |
| Effective Gross Income | |
|---|---|
| Annual | $166,143 |
| Annual Per SF | $7.94 |
| Taxes | |
|---|---|
| Annual | $15,500 |
| Annual Per SF | $0.74 |
| Operating Expenses | |
|---|---|
| Annual | $36,675 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $52,175 |
| Annual Per SF | $2.49 |
| Net Operating Income | |
|---|---|
| Annual | $113,968 |
| Annual Per SF | $5.45 |
Property Facts
| Price | $1,850,000 | Building Class | B |
| Price Per SF | $88.41 | Lot Size | 1.38 AC |
| Sale Type | Investment or Owner User | Building Size | 20,925 SF |
| Cap Rate | 6.16% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 2017/2024 |
| Property Type | Specialty | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | I-1 - Light Industrial | ||
| Price | $1,850,000 |
| Price Per SF | $88.41 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.16% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.38 AC |
| Building Size | 20,925 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2017/2024 |
| Parking Ratio | 0.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I-1 - Light Industrial |
Amenities
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15243.0079 | Total Assessment | $1,482,010 |
| Land Assessment | $89,010 | Annual Taxes | $15,500 ($0.74/SF) |
| Improvements Assessment | $1,393,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
15243.0079
Land Assessment
$89,010
Improvements Assessment
$1,393,000
Total Assessment
$1,482,010
Annual Taxes
$15,500 ($0.74/SF)
Tax Year
2025
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12310 W 12th Ave
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