1031 Exchange Properties For Sale

More details for 336 Bell Bottom Rd, Sequim, WA - Land for Sale

336 Bell Bottom Rd & Washington Harbor Lp - 336 Bell Bottom Rd

Sequim, WA 98382

1031 Exchange Property
Land for Sale
$624,514 CAD
4.25 AC Lot

Sequim Land for Sale

Discover the perfect blend of beauty and opportunity with this gently sloping 2 parcels nestled among upscale homes. The pastoral setting and natural contours create an ideal backdrop for a custom estate or private retreat with ample room for gardens, guest house or a custom shop. Additionally, the property is zoned for up to 8 homes per acre, offering a compelling investment opportunity whether you envision a luxury enclave or seek to maximize its residential potential. Versatile, and primed for growth—these exceptional parcels delivers both refined lifestyle appeal and outstanding long-term value. This listing is for 2 lots that are also offered separately.

Contact:

Ideal Real Estate

Property Subtype:

Residential

Date on Market:

2026-03-25

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More details for 1223 Bailey Ave, Granger, WA - Specialty for Sale

Galaxy Mini-Storage - 1223 Bailey Ave

Granger, WA 98932

1031 Exchange Property
Specialty for Sale
$4,163,430 CAD
50,300 SF

Granger Specialty for Sale - Outlying Yakima County

The owner will carry contract with $1,450,000 down.

Contact:

Real Broker, LLC

Date on Market:

2026-03-17

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96 Cascade Ky

Bellevue, WA 98006

1031 Exchange Property
Land for Sale
$9,610,584 CAD
1.26 AC Lot

Bellevue Land for Sale - I-90 Corridor

Waterfront Development Opportunity | 1.25 Acres | 175’ Low-Bank Lake Washington Frontage | 100’ Private Dock | Newport Shores – Bellevue, WA An extraordinarily rare opportunity to acquire one of the largest and most compelling buildable waterfront parcels on Lake Washington. Situated in the highly sought-after Newport Shores community of Bellevue, this 1.25-acre property offers 175 feet of low-bank shoreline and a 100-foot private dock capable of accommodating a substantial yacht or multiple watercraft. Opportunities of this scale, frontage, and orientation are increasingly scarce due to regulatory constraints, shoreline limitations, and long-term generational hold patterns along Lake Washington. This offering represents a true legacy acquisition. Unmatched Waterfront Presence The property’s northwest-facing orientation captures sweeping, unobstructed views across Lake Washington toward the East Channel Bridge, Mercer Island, and Beaux Arts. Expansive open-water vistas, dramatic sunsets, and year-round boating access create a premier waterfront experience rarely available in the Bellevue market. Low-bank shoreline enhances usability, view corridors, and integration between indoor and outdoor living. The existing 100-foot dock provides immediate functional waterfront access—an increasingly difficult entitlement to replicate in today’s regulatory environment. Development-Ready Scale At 1.25 acres, the parcel offers exceptional flexibility for designing and constructing a custom estate of significant scale. The site size supports expansive architecture, guest accommodations, resort-style outdoor living, and substantial garage capacity. The depth and width of the lot allow for privacy buffers, gated entry potential, and estate-level landscaping. This is not an infill parcel. This is an estate setting. Strategic Location Positioned minutes from both downtown Bellevue and downtown Seattle, the property provides seamless access to: • Major corporate campuses and technology headquarters • Bellevue CBD office towers • Seattle’s financial and cultural centers • Private aviation and regional airports • World-class dining, retail, and marina amenities Despite its central proximity, the setting feels private, insulated, and residential in character—offering the rare combination of convenience and seclusion. Market Positioning Lake Washington waterfront remains one of the Pacific Northwest’s most supply-constrained asset classes. Regulatory barriers, limited shoreline inventory, and entrenched generational ownership have created a highly competitive micro-market for premium sites. Large, buildable parcels with 175 feet of frontage are nearly impossible to assemble today. Replacement cost and entitlement challenges continue to escalate, strengthening the long-term positioning of trophy waterfront assets. For developers, this parcel offers the opportunity to create a marquee estate product within a top-tier Bellevue submarket. For family offices and private capital, it represents a tangible hard-asset hedge in a globally recognized technology corridor. For end users, it is a blank canvas for a fully bespoke waterfront compound. Investment Highlights • 1.25-acre waterfront estate parcel • 175 feet of low-bank Lake Washington frontage • 100-foot private dock • Northwest-facing orientation with open-water and sunset views • Premier Bellevue location (Newport Shores) • Minutes to downtown Bellevue and Seattle • Located in Washington’s top-ranked school district • Rare scale and frontage not easily replicated The Opportunity This is more than a homesite. It is a generational waterfront position in one of the most economically resilient and globally recognized regions in the country. As shoreline inventory continues to tighten and entitlement pathways grow more restrictive, assets of this nature will only become more scarce. For qualified buyers seeking a legacy-quality waterfront holding in Bellevue, this offering stands alone.

Contact:

Engel & Völkers Mercer Island

Property Subtype:

Commercial

Date on Market:

2026-02-17

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Portland/ Vancouver Apartment Portfolio

1031 Exchange Property
Multifamily for Sale
$34,903,421 CAD
103,574 SF
6 Multifamily Properties

Portfolio of properties for Sale - St Johns/Cntrl Vancouver

Several properties ranging from Beaverton, Hillsboro, Portland and Vancouver. All properties are operating well and providing stable cash flow. Some properties have low assumable interest rates (low 3% range, but buyers must quality with lender). 36 units SW Portland, 36 units Vancouver, 11 Brooklyn, 9 condos West Linn, 20 units SW Portland, 10 units Vancouver, 10 units Hillsboro. Please contact broker for additional information.

Contact:

Pounder Realty LLC

Property Subtype:

Multi Family

Date on Market:

2026-02-13

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More details for 12524 Addison St SW, Lakewood, WA - Land for Sale

Addison St - 12524 Addison St SW

Lakewood, WA 98499

1031 Exchange Property
Land for Sale
$1,214,334 CAD
0.46 AC Lot

Lakewood Land for Sale - Fort Lewis

INVESTOR BRIEF: APARTMENTS RE-DEVELOPMENT Acquisition Price: $875,000 ($35,000/Door) Verified Equity: $60,000+ Instant "Paper Equity" upon purchase This apartment project is a de-risked, high-density multifamily development opportunity in Lakewood, WA. This asset is being sold as a "Ready-for-Submittal" package, including a professional 2021 Appraisal and over $100,000 in pre-paid engineering and mechanical design. I. THIRD-PARTY VALUE VALIDATION (THE APPRAISAL) A comprehensive 2021 Appraisal Report (available in the DD room) provides immediate confidence in the asset’s basis: • Market Value Opinion: $935,000 as of May 2021. • Highest & Best Use: Officially concluded as Multifamily Redevelopment. • Strategy: Offered at $875,000—representing a $60,000 discount to the bank-appraised land value, despite significant soft-cost value added since the report date. II. DENSITY & ZONING (MF3) • High-Density Framework: Zoning is MF-3 (High-Density Multifamily), which allows for 54 dwelling units per acre. • Site Capacity: On this 0.45-acre level parcel, the City supports the high-yield 25-unit project concept featured in the design set. III. THE "DRAINAGE DIVIDEND" ($250k+ SAVINGS) One of the site’s strongest economic drivers is its superior soil profile, verified by GeoConsult: • Soil Type: Native Continental Glacial Outwash (gravel and cobbles). • Infiltration Rate: Verified design rate of 20.0 inches per hour. • Savings: Allows for low-cost underground drywells instead of massive concrete detention vaults ($250k+) typically required in Pierce County. IV. "READY-FOR-SUBMITTAL" PACKAGE (INCLUDED) Save 6+ months of carry costs. The following completed sets are included: • HVAC Design. • Electrical Engineering: Complete demand load calculations and 25-unit riser diagrams. • Civil Engineering: Preliminary grading, utility, and site plans. • Landscape & Arborist: Full planting schedules and tree retention plans. V. TAX INCENTIVE & INTERIM INCOME • 12-Year MFTE: Confirmed eligibility for the City of Lakewood’s 12-Year Multi-Family Tax Exemption. • Current Cash Flow: Two occupied residences generating $3,700/mo in gross carry income to offset permitting costs. VI. MARKET ABSORPTION DATA The submarket exhibits a tight 3.92% vacancy rate. Nearby new builds (Wellstone) achieved absorption rates of 23 units per month, indicating a 25-unit building on this site can reach full stabilization within 90 days. DD ROOM FOLDER LIST (NDA Required): 1. 2021 Appraisal Report ($935k Valuation) 2. HVAC Design Set 3. GeoConsult Report (20 in/hr Infiltration) 4. 25-Unit Electrical Load Calcs 5. Preliminary Civil & Topographic Set 6. City of Lakewood MFTE Eligibility Letter VII. DUAL-EXIT STRATEGY: CONDO CONVERSION POTENTIAL While designed as a high-performing rental asset, this apartment project offers a lucrative secondary exit strategy. The site’s high-density MF-3 zoning and the "Class A" nature of the design support a future conversion to individual condominiums. • The Arbitrage: In the 98499 core, the combined retail value of 25 individual condos historically exceeds the "bulk" value of a rental building by a significant margin. • Market Demand: With a shortage of entry-level homeownership in Lakewood, these units are perfectly positioned for first-time buyers or military families looking to build equity rather than rent. DISCLOSURES: Owner is a licensed real estate broker in the State of Washington and is the co-listing agent.

Contact:

eXp Realty

Property Subtype:

Residential

Date on Market:

2026-02-11

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More details for 2430 NW Granite Ct, Pullman, WA - Multifamily for Sale

Granite Tri-Plex - 2430 NW Granite Ct

Pullman, WA 99163

1031 Exchange Property
Multifamily for Sale
$1,247,641 CAD
4,476 SF

Air Conditioning
Bicycle Storage
Private Bathroom
Kitchen
Smoke Detector

Pullman Multifamily for Sale

Rare opportunity to own a newer tri-plex in a prime location on a quiet cul-de-sac with an outstanding rental history. Professionallymanaged with long-term, professional tenants and no history of vacancy. This low-maintenance property features three well-designed units with similar, spacious floor plans. Well planned units that are Townhome style homes. Each unit offers 3 bedrooms, 2.5 baths, an extra-deep two-car garage, and a large separate storage room. The main level includes a bright and spacious living room, a well-appointed kitchen with ample counter space and pantry, and an adjacent dining area with a slider opening to a private back deck-overlooking a peaceful wooded greenbelt. A convenient utility closet with washer and dryer hookups is also located on the main level.Upstairs, each unit features a primary bedroom with a full bath, plus two generously sized bedrooms and a second full bath in the hallway. Designed as individual townhome-style residences, the units offer the comfort and feel of single-family homes. All units feature gas forced air heat and central A/C. An exceptional investment opportunity with strong cash flow, minimal upkeep, and a desirable setting an never a vacant unit in 10 years!

Contact:

Coldwell Banker Tomlinson Associates

Property Subtype:

Apartment

Date on Market:

2026-02-06

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1337 Bridge St

Clarkston, WA 99403

1031 Exchange Property
Industrial for Sale
$971,467 CAD
7,509 SF

Clarkston Industrial for Sale - Asotin

Excellent business opportunity for investors or owner-occupied. Multipurpose, zoned industrial. Run your business in one building and lease for supplemental income on the others. Warehouse with office built in 2010 has 2800 sq. ft. is a 20x40 stick frame and has a 40x50 work area with slab. Back building is a service, garage, warehouse is 5248 total sq. ft. and was built in 1987 and has multiple spaces to include 2 shops and 2 apartments. Owner would consider lease as well for the right terms.

Contact:

Silvercreek Realty Group

Property Subtype:

Warehouse

Date on Market:

2026-01-29

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9920 SW Bank Rd

Vashon, WA 98070

1031 Exchange Property
Retail for Sale
$3,053,182 CAD
6,700 SF

Restaurant
Smoke Detector

Vashon Retail for Sale - Vashon/Maury Island

An excellent opportunity to acquire a 100% leased commercial building in the heart of Vashon. With just over 6,700 square feet of interior space, this well-located asset features a strong and diverse tenant mix. Tenants include a bustling café, quaint retail shops, professional offices, and an established credit union - all providing stable and reliable income. 135' of frontage along a main thoroughfare with 18 parking spaces. The central location offers excellent visibility, steady foot traffic, and long-term tenant appeal. Well maintained with flexible layouts, the property presents immediate cash flow and reduced vacancy exposure. Ideal for investors or 1031 exchange buyers seeking a core commercial asset with long-term stability.

Contact:

John L.Scott Real Estate

Property Subtype:

Storefront

Date on Market:

2026-01-26

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More details for 3430 15th NW Ave, Seattle, WA - Land for Sale

Loft Haus Interbay - 3430 15th NW Ave

Seattle, WA 98119

1031 Exchange Property
Land for Sale
$8,049,298 CAD
0.15 AC Lot

Seattle Land for Sale - Queen Anne/Magnolia

It is located right in the heart of Seattle, just a short distance from the city center, offering both convenience and vibrancy. It boasts stunning views and a prime location with easy access to all amenities. A Light Rail is going to build in front of it which will bring more value to the property, so it will be walkable to few high-tech companies.

Contact:

Great Wall Realty, LLC

Property Subtype:

Commercial

Date on Market:

2026-01-25

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12322 N Ruby Rd

Spokane, WA 99218

1031 Exchange Property
Office for Sale
$5,967,583 CAD
15,066 SF

Spokane Office for Sale - NW North Metro

This offering presents a fully stabilized memory care facility located at 12420 & 12322 N. Ruby in Spokane, Washington. The property consists of two buildings totaling 15,066 square feet on 1.38 acres, with a capacity of 40 beds and dedicated parking for 18 vehicles. The asset is 100% occupied by a long-term tenant under a pure triple net lease, ensuring minimal landlord responsibilities and predictable cash flow. This is an exceptional opportunity for investors seeking a reliable, income-producing healthcare asset with long-term upside in a growing market.

Contact:

The Green Ridge Fund, Inc.

Property Subtype:

Medical

Date on Market:

2026-01-23

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1966 Bishop Rd

Chehalis, WA 98532

1031 Exchange Property
Land for Sale
$4,107,918 CAD
18.49 AC Lot

Chehalis Land for Sale

Prime investment opportunity! Please Call Kip Barker for Critical Area Report information.

Contact:

Century 21 Lund, Realtors

Property Subtype:

Commercial

Date on Market:

2026-01-09

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772 Sussex Ave E

Tenino, WA 98589

1031 Exchange Property
Industrial for Sale
$1,665,372 CAD
4,000 SF

Tenino Industrial for Sale - Outlying Thurston County

True NNN Lease – Tenant pays all operating expenses including taxes, insurance, utilities, maintenance, and exterior upkeep. Landlord responsibility limited to roof and structure only, offering a low-management, passive investment opportunity. One year left on lease and have expressed the want to renew. Perfect passive income property little to effort. Situated in a quiet, rural pocket just outside downtown Tenino, 7272 Sussex Ave offers the perfect balance of country feel and convenient access. The property is minutes from I-5, providing an easy commute to Olympia, Tumwater, Centralia, and JBLM. Enjoy the privacy and space of a peaceful setting while remaining close to local shops, schools, dining, and everyday amenities. Ideal for those seeking room to breathe without sacrificing connectivity.

Contact:

C & J Realty LLC

Date on Market:

2025-12-29

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More details for 12202 Pacific Ave S, Tacoma, WA - Office for Sale

Share Complex - 12202 Pacific Ave S

Tacoma, WA 98444

1031 Exchange Property
Office for Sale
$3,053,182 CAD
5,938 SF

Tacoma Office for Sale - Spanaway

Fully Leased or ±1,822 SF Available — seller willing to lease back or vacate, offering flexibility for investors or owner-users Approx. 6.75% In-Place Cap Rate with stable, in-place income Turn-Key Asset — professionally maintained with strong operating history Over $650,000 in Capital Improvements (2024) — significant recent reinvestment reduces near-term capital risk Extensively Remodeled Office Space — ±1,800 SF Class B suite, fully furnished with built-in desks, four private offices, conference room, and dedicated storage Diverse Tenant Mix — minimizes rollover risk and supports long-term stability Prime Pacific Avenue Corridor Location — excellent visibility and accessibility Immediate Freeway Access — quick connectivity to Hwy 512 and I-5 Attractive Owner-User or Passive Investment Opportunity with future upside

Contact:

C & J Realty LLC

Property Subtype:

Medical

Date on Market:

2025-12-26

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5802 Evergreen Way

Everett, WA 98203

1031 Exchange Property
Retail for Sale
$971,467 CAD
990 SF

Air Conditioning

Everett Retail for Sale - Everett CBD

Prime Commercial Opportunity on Evergreen Way! This 990 sq ft commercial building is ready for your next business venture. Freshly upgraded exterior including all new windows, exterior paint, parking lot striping and more in 2025. Brand new HVAC and A/C system installed 2026, New roof installed when bought in 2021. This property offers convenience, and excellent visibility. The flexible new MU-15 zoning opens the door to a variety of uses such as retail, office, service-based businesses and more. The layout includes an open back workroom/shop area, two half bathrooms, and a functional floor plan designed to maximize your workflow. Take advantage of Evergreen Way’s high traffic and unbeatable exposure. The seller is intending to do a 1031 exchange. Seller willing to discuss a seller financing option. Lease option available on this property as well. Your business belongs here! Prime investment opportunity!

Contact:

John L. Scott Snohomish

Property Subtype:

Storefront Retail/Office

Date on Market:

2025-12-22

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3536 W Arsenal Way

Bremerton, WA 98312

1031 Exchange Property
Land for Sale
$2,357,889 CAD
4.30 AC Lot

Bremerton Land for Sale - CBD

Explore an exceptional investment opportunity in Bremerton, WA—a prime free-standing building zoned for Neighborhood Business (NB). This property, located at 3536 Arsenal Way, boasts a strategic location within the vibrant Bremerton area, presenting an ideal canvas for retail or commercial ventures. Phase 1 and 2 completed and show property to be clear. With NB zoning, the potential for a diverse range of retail and service uses is realized, offering the flexibility to create a dynamic and customer-centric space. Embrace the chance to shape a prominent presence in this thriving community, leveraging the strategic advantages of this location to establish a successful retail or service-oriented enterprise. SELLER FINANCING MAY BE OPTIONAL.

Contact:

Jara Commercial

Property Subtype:

Commercial

Date on Market:

2025-12-08

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501 Urban Industrial Way

East Wenatchee, WA 98802

1031 Exchange Property
Land for Sale
$742,478 CAD
2.03 AC Lot

East Wenatchee Land for Sale

Exceptional industrial development opportunity! This 2.03 acre parcel offers readiness for vertical construction. Land is graded, compaction tested, with base plus top-course gravel applied. Storm water ponds are installed utilities (water, electric, fiber, sewer) available at the street. Zoned industrial and ideal for warehouse, distribution, contractor yard, self-storage or heavy power development. Room to expand the existing building pad area or to reconfigure the driveway.

Contact:

Pronoia Effects, LLC

Property Subtype:

Industrial

Date on Market:

2025-11-03

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More details for 991 E Hammond St, Sequim, WA - Land for Sale

Bradley Ridge Apartments - 991 E Hammond St

Sequim, WA 98382

1031 Exchange Property
Land for Sale
$603,697 CAD
0.80 AC Lot

Sequim Land for Sale

Prime development opportunity in Sequim! The Bradley Ridge Apartments project at 991 E Hammond St has Design Review approval, with engineering and building plans completed by Zenovic & Associates. Now awaiting final Building Department review before construction can begin. All pre-construction work is done—site, grading, and utility plans are included. Convenient east-side location near schools, shopping, and Olympic Discovery Trail. A nearly shovel-ready project with tremendous potential.

Contact:

Upperleft Real Estate

Property Subtype:

Commercial

Date on Market:

2025-10-30

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More details for 1405 Martin Luther King Jr Way, Tacoma, WA - Multifamily for Sale

Royal Plaza - 1405 Martin Luther King Jr Way

Tacoma, WA 98405

1031 Exchange Property
Multifamily for Sale
$1,942,934 CAD
5,680 SF

Private Bathroom
Kitchen
Smoke Detector

Tacoma Multifamily for Sale - Tacoma CBD

Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

Contact:

Theory Real Estate

Property Subtype:

Apartment

Date on Market:

2025-10-29

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More details for 31624 W Rutherford St, Carnation, WA - Multifamily for Sale

Rutherford Manor - 31624 W Rutherford St

Carnation, WA 98014

1031 Exchange Property
Multifamily for Sale
$1,873,543 CAD
3,936 SF

Kitchen
Smoke Detector

Carnation Multifamily for Sale - E King County

Fantastic six-plex apartment building on an oversized corner lot, located in the emerging city of Carnation. (3) 2 bedroom units and (3) 1 bedroom units. Onsite common area laundry, ample parking available. Long term tenants, all month to month. Roof age is approximately 15 years old, all upper decks have been replaced. Great location, great opportunity. A rare Eastside find and a solid investment!

Contact:

John L. Scott Snohomish

Property Subtype:

Apartment

Date on Market:

2025-10-23

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1241-1261 Harrison Ave

Centralia, WA 98531

1031 Exchange Property
Retail for Sale
$3,053,182 CAD
9,282 SF

Restaurant

Centralia Retail for Sale

Fully leased, multi-tenant retail building with tons of parking. Tenants include Domino's Pizza (25 year plus), La Perla Grocery, Beauty Nails, Farmers Insurance, and WA State DSHS. Pylon sign on Harrison Ave and easy access from Interstate 5.

Contact:

Keller Williams Realty Portland Central

Property Subtype:

Storefront

Date on Market:

2025-10-20

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More details for 8030 Railroad Ave SE, Snoqualmie, WA - Retail for Sale

Snoqualmie Market Retail Center - 8030 Railroad Ave SE

Snoqualmie, WA 98065

1031 Exchange Property
Retail for Sale
$3,740,148 CAD
8,100 SF

Air Conditioning

Snoqualmie Retail for Sale - E King County

Prime retail center in the heart of downtown Snoqualmie. Rare property with spacious parking lot drawing lots of tourists and locals. Property is just across from the Railroad Museum, and minutes from the Snoqualmie Falls, which helps to draw over 1.5 million visitors to town every year. Great retail mix with very established tenants that have a huge following in the valley. Recent upgrades in 2025.

Contact:

Bexco Capital

Property Subtype:

Supermarket

Date on Market:

2025-10-02

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More details for 3 Summer Rd, Tonasket, WA - Land for Sale

Wauconda Ranch - 3 Summer Rd

Tonasket, WA 98855

1031 Exchange Property
Land for Sale
$5,544,301 CAD
862 AC Lot

Tonasket Land for Sale

Wauconda Ranch with over 860 acres on 5 parcels and NO Conservation Easements in beautiful Okanogan County between Tonasket and Republic Washington. Ideal grazing land. Main home is 4 bedrooms/2 Bathrooms with 3000 sq. ft., Second Home 5 Bedrooms/2.5 Bathrooms with 5120 sq.ft., Hunting cabin, 2 cattle facilities, multiple barns, sheds, & shop. Sawmill nestled in the timber for sawing your own beams. Beautiful alfalfa & grass fields, meadows, multiple adjudicated water sources as well as 2 creeks, a pond, & responsibly managed timber that is connected to thousands of acres of USFS Land. Wauconda Ranch also holds the USFS grazing Permit for the Mt. Annie Allotment that is over 3000 acres- available after this grazing season.

Contact:

American Dream Real Estate Services, Inc.

Property Subtype:

Agricultural

Date on Market:

2025-09-29

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Fernwood Building Office

1031 Exchange Property
Office for Sale
$7,216,612 CAD
11,047 SF
5 Office Properties

Poulsbo Portfolio of properties for Sale

The Fernwood Building presents an exceptional investment opportunity, offering a Class A office condominium with a strong financial profile and strategic location. With a current asking price of $5,200,000, the property boasts 100% occupancy across its 11,445 net rentable square feet. Built in 2007, the property features a modern design, central lobby core, elevator, and durable steel and wood frame construction, complemented by cedar shake exterior siding and reserved underground parking, ensuring both aesthetic appeal and operational efficiency. The current Net Operating Income (NOI) stands at $450,000 with a solid roster of tenants. Yielding an attractive current Cap Rate of 8.65% the property is priced to sell.

Contact:

Hunter Investors, Inc.

Date on Market:

2026-01-07

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1109 N Cedar Rd

Deer Park, WA 99006

1031 Exchange Property
Specialty for Sale
$4,094,039 CAD
25,000 SF

Deer Park Specialty for Sale - Outside Metro North

Deer Park Mini-Storage & Light Industrial Property For Sale: $3,200,000 1109 N. Cedar Road, Deer Park, WA 99006(Spokane County | APN: 26364.0024) Prime Investment Opportunity: Versatile Light Industrial Site with Self-Storage Income & Live-Work Appeal Discover this exceptional 8.88-acre light industrial property, strategically located across from the Deer Park Airport in the growing Inland Northwest market. Zoned LI (Light Industrial), this site offers a rare blend of operational flexibility, steady income from an 80-unit self-storage business generating approximately $60,000 annually, and premium live-work amenities following a major 2023 remodel. Ideal for investors, owner-operators, or developers seeking expansion potential with 5.05 acres of surplus land ready for additional storage units, yard storage, or industrial operations. Key Property Features Site & Land: 8.88 acres (386,813 sf) total, including 3.83 acres of primary improved land and 5.05 acres of surplus/developable land. Level topography with excellent access via Cedar Road, just 1,700 ft north of Airport Road. Ample space for outdoor storage, expansion, or airport-related uses. Warehouse/Office Building: 15,400 sf (built 1990, expanded/remodeled 2023). Features a state-of-the-art 3,400 sf high-end office/living space with radiant floor heating, 9-ft walls, gourmet kitchen, and modern finishes—perfect for a caretaker residence or on-site business management. The remaining 12,000 sf warehouse offers functional space for light industrial activities, with recent upgrades including new landscaping, parking lot, and entrance for enhanced curb appeal and usability. Self-Storage Facilities: Two buildings (built 1995) totaling 10,296 sf with 80 units (two 5,148 sf buildings, 40 units each). Low-maintenance, high-demand asset in a market with 8-10% vacancy and strong occupancy potential from local residents and airport users. Condition & Utilities: Overall good/superior condition post-remodel. Well-maintained with average original components upgraded for extended usability. Utilities include city water, sewer, 3 phase electricity; no known soil contamination (per 2020 appraisal extraordinary assumption). Highest & Best Use: Existing light industrial and mini-storage operations, with surplus land supporting expansion (e.g., additional storage buildings). Location Highlights Strategic Positioning: Directly opposite the Deer Park Airport entrance, providing visibility and convenience for aviation-related businesses or users. Situated in a low-population area with abundant vacant land, yet only 20-30 minutes from Spokane's urban amenities, major highways (US-395), and growing industrial hubs. Market Advantages: Benefits from Spokane's resilient commercial real estate trends, including e-commerce-driven demand for storage and industrial space. Low self-storage vacancy in the area (8-10%) and proximity to airport could boost specialty occupancy (e.g., aircraft parts storage). Income & Investment Potential Current Revenue: Mini-storage business generates ~$60,000 annual income (assumed NOI), with room for growth through rate increases or additional units on surplus land. Warehouse/office space offers leasing potential at $8–$12/sf NNN, aligning with local industrial rents. Versatile Income Streams: Operate as-is for passive self-storage income, lease the warehouse for light industrial use, or utilize the live-work setup for owner-occupied efficiency. Expansion opportunities could add significant value in a market with modest rental growth (0.3-0.6% YoY). Value JustificationBased on a comprehensive market analysis as of September 7, 2025, this property's estimated market value of $3,200,000 reflects substantial appreciation and value-add since the 2020 appraisal ($1,550,000). Key factors include: Market Appreciation: Spokane-area industrial/self-storage values have risen 30-50% since 2020, driven by e-commerce recovery and demand for flexible spaces (per Yardi Matrix and StorageCafe reports). Comparable sales show self-storage at $6,000–$20,000/unit (e.g., a 236-unit Wenatchee facility sold for $4.9M or ~$20,763/unit in July 2025) and industrial/warehouse at $80–$200/sf (averaging $181/sf). Remodel Value-Add: The 2023 $600,000 self-performed remodel (equivalent to $900,000 bid cost then, ~$1.2M replacement today due to 33% construction inflation) transformed the property by scrapping the original 1,200 sf dated office and adding 2,200 sf net, creating a 3,400 sf high-end office/living area. This upgrade boosts appeal for live-work buyers, with ~75% cost recoup (net $900,000 added value) based on local trends where high-end fit-outs average $150–$350/sf. Component Breakdown: Real estate only valued at $2,900,000 (land $1,200,000 at $3.10/sf; warehouse/office $1,850,000 at $120/sf; self-storage $850,000 at $10,625/unit). Mini-storage business (going concern with leases and management) adds $300,000, capitalized at 20% on $60,000 NOI for operational risks. Market Resilience: Despite 6.4% industrial vacancy and flat rents ($8–$12/sf NNN), cap rates have compressed to 4.8-6.7% for quality assets. National self-storage sales surged 37% YoY in Q1 2025 ($855M total), with Spokane's below-average rates ($14–$16/sf annually) supporting stable income. Surplus land and airport proximity mitigate threats like supply abundance, positioning this as a high-potential asset. This property represents a turnkey investment with immediate cash flow and long-term upside—don't miss out! Contact for Details or Showing:Kevin EldredgePhone: 509-688-3498 | Email: kevin@discountaircraftsalvage.com

Contact:

Airport Mini Storage

Property Subtype:

Self-Storage

Date on Market:

2025-09-07

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