8510 S Tacoma Way

Lakewood, WA 98499

• 1031 Exchange Property
• Retail for Sale
• $5,639,140 CAD
• 12,989 SF

Lakewood Retail for Sale - Univ. Place/Lakewood

Kidder Mathews is pleased to exclusively present the opportunity to acquire Royal Plaza, a two-building multi-tenant retail center in Lakewood’s Koreatown at 8510-8534 S. Tacoma Way, Lakewood, WA. The property consists of approximately 12,989-squarefoot retail space situated on ±1.14 acre and is currently occupied by eight seasoned tenants, with one vacant unit offering lease-up upside for an investor or potential owner-user opportunity. The center features a stable mix of foods and service tenants, with several shop spaces currently leased below market rates. This presents a compelling value-add opportunity through the lease-up of the existing ±3,000 square foot vacancy, future rent increases, and/or strategic re-tenanting. For investors seeking stable in-place income with meaningful NOI growth potential, Royal Plaza represents a rare opportunity that balances downside protection with upside potential. Royal Plaza benefits from its proximity to Joint Base Lewis-McChord (JBLM), home of I-Corps and the 62nd Airlift Wing. JBLM is one of the largest military installations on the West Coast, supporting ±60,000 military and civilian personnel, contributing nearly $3 billion annually to the local economy, and serving over 254,000 residents in the surrounding area. The property is surrounded by a strong roster of national and regional retailers, including H-Mart Supermarket, Pal-Do World Market, WinCo Foods, Lowe's, Safeway, Walgreens, Starbucks, McDonald’s, Wells Fargo, and Chick-fil-A. This creates a high-traffic and synergistic retail corridor. The property is strategically located and offers convenient access to key regional destinations. • ±30 minutes to Olympia • ±35 minutes to SeaTac International Airport • ±45 minutes to Downtown Seattle Positioned in the heart of South Tacoma submarket, this is one of most active retail corridors in Pierce County. Royal Plaza benefits from a dense and growing population base of more than 295,000 residents within a five-mile radius, with an average household income exceeding $99,000. This 1031 exchange-ready asset offers an attractive combination of stable cash flow, seasoned tenancy, value-add potential, and a prime location

Contact:

Kidder Mathews

Date on Market:

2026-05-12

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1500 E St

Washougal, WA 98671

• 1031 Exchange Property
• Land for Sale
• $1,375,262 CAD
• 1.03 AC Lot

Washougal Land for Sale - Camas/Washougal

Rare investment opportunity to own a flat, opportunity zoned acre of CC land along the busy E Street Corridor in Washougal. The property has good access and amazing visibility. Located close to the well-traveled intersection of E Street and Washougal River Road, it stands ~1 min from both Highway 14 access and Downtown Washougal. Don't miss this opportunity to make your mark on this growing, vibrant town!

Contact:

Windermere Crest Realty Co

Property Subtype:

Commercial

Date on Market:

2026-04-27

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116-118 State Ave NE

Olympia, WA 98501

• 1031 Exchange Property
• Retail for Sale
• $1,012,294 CAD
• 3,700 SF

• Air Conditioning

Olympia Retail for Sale - Downtown Olympia

Prime investment opportunity! This commercial storefront property in the heart of Downtown Olympia presents a unique purchasing opportunity in a vibrant business corridor. Positioned along State Avenue NE, the location offers optimal visibility and foot traffic, surrounded by a blend of local retailers, dining establishments, and professional services. The site enjoys proximity to major arterials offering access to Interstate 5, ensuring connectivity to regional markets and increased customer reach. Olympia, the state capital, supports a robust employment base with steady population growth, enhancing long-term investment prospects for owner-users or investors seeking a high-demand urban setting. Its central placement within government, hospitality, and cultural districts bolsters tenant appeal and broadens potential usage scenarios including boutique retail, service operations, or specialty concepts. Develop into a lasting asset with reliable appreciation potential given its downtown positioning and established pedestrian-friendly environment. The location benefits from city infrastructure investments and sustained economic activity driven by legislative operations and local commerce.

Contact:

Globenex Realty

Property Subtype:

Storefront

Date on Market:

2026-04-23

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Stanwood Cinema Pavilion - 6996 265th St NW

Stanwood, WA 98292

• 1031 Exchange Property
• Retail for Sale
• $2,338,180 CAD
• 4,800 SF

Stanwood Retail for Sale - N Snohomish County

This is a prime opportunity to acquire a stabilized commercial asset in the heart of Stanwood. Featuring a reliable long-term tenant and a 7% cap rate, this property is ideal for an investor seeking a passive, "turn-key" addition to their portfolio. 4800sft plus 1200sft additional seating space. Long-term lease in place, offering excellent stability and predictable cash flow. High-visibility commercial space in Stanwood, offering strong local foot traffic and excellent accessibility. This is a commercial condo. Call Rachael Scott with questions

Contact:

Ballpark Realty

Property Subtype:

Movie Theatre

Date on Market:

2026-04-21

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Bldg 2 - 1800 Cooper Point Rd SW

Olympia, WA 98502

• 1031 Exchange Property
• Office for Sale
• $1,120,950 CAD
• 3,100 SF

Olympia Office for Sale - Westside

Positioned in Olympia’s highly sought-after Cooper Point professional corridor, this meticulously maintained office building offers a rare turnkey investment opportunity. Fully occupied with stable, low-impact tenants, the property provides immediate income and long-term upside with minimal management requirements. Designed for functionality and flexibility, the building features two mirrored suites—each complete with reception areas, private offices, kitchenettes, and ADA-compliant restrooms—plus a total of 12 private offices. Thoughtful upgrades include sound-retention construction in select spaces, water access beneath the flooring for adaptable layouts, and digital punch-code door locks throughout for streamlined access control. Interior and exterior camera systems add an extra layer of security, while rain chains and drainage enhancements reflect the property’s careful upkeep. Located within a well-established 23-building professional office park, the property benefits from strong surrounding tenancy including legal, medical, and service-based professionals. Excellent visibility, ample shared parking, and convenient access to I-5, shopping, dining, and state offices further enhance its appeal. As an added value, ownership includes a 4.5% interest in Building #13—providing shared amenities and additional income potential. With a history of easy, hands-off management and long-term tenant stability, this asset is ideal for investors, owner-users, or 1031 exchange buyers.

Contact:

Tanya Headrick LLC

Date on Market:

2026-04-03

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

Sequim, WA 98382

• 1031 Exchange Property
• Land for Sale
• $618,930 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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Galaxy Mini-Storage - 1223 Bailey Ave

Granger, WA 98932

• 1031 Exchange Property
• Specialty for Sale
• $4,126,200 CAD
• 50,300 SF

Granger Specialty for Sale - Outlying Yakima County

The owner will carry contract with $1,450,000 down. This newly constructed mini-storage facility in Granger, WA, represents a rare investment opportunity in a growing market. Completed in 2024, the property spans 50,300 square feet across a 5.39-acre site and features 298 storage units in various sizes. Currently in the lease-up phase, the facility is designed for long-term operational efficiency and revenue growth, with projected annual income exceeding $449,000 at full occupancy. The property includes a large illuminated highway sign for maximum visibility, a state-of-the-art security system, gated keypad access, and full perimeter fencing. Its location along Bailey Avenue offers excellent accessibility and exposure to high traffic counts, ensuring strong demand from local and regional customers. Offered at $3,000,000, this asset is well-suited for investors seeking stable cash flow and potential appreciation. The seller is offering owner financing with $1,450,000 down, creating an attractive entry point for qualified buyers.

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
• $9,524,645 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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Granite Tri-Plex - 2430 NW Granite Ct

Pullman, WA 99163

• 1031 Exchange Property
• Multifamily for Sale
• $1,236,485 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
• $962,780 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
• $3,025,880 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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Loft Haus Interbay - 3430 15th NW Ave

Seattle, WA 98119

• 1031 Exchange Property
• Land for Sale
• $7,977,320 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
• $5,914,220 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 net lease, ensuring minimal landlord responsibilities and predictable cash flow. Current tenant is in the 4th year of the first of 2 five-year options. 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
• $4,071,184 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
• $1,650,480 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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Share Complex - 12202 Pacific Ave S

Tacoma, WA 98444

• 1031 Exchange Property
• Office for Sale
• $3,025,880 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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3536 W Arsenal Way

Bremerton, WA 98312

• 1031 Exchange Property
• Land for Sale
• $2,049,346 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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Bradley Ridge Apartments - 991 E Hammond St

Sequim, WA 98382

• 1031 Exchange Property
• Land for Sale
• $598,299 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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Royal Plaza - 1405 Martin Luther King Jr Way

Tacoma, WA 98405

• 1031 Exchange Property
• Multifamily for Sale
• $1,856,790 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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2014 Main St

Vancouver, WA 98660

• 1031 Exchange Property
• Retail for Sale
• $2,888,340 CAD
• 3,768 SF

• Air Conditioning
• Security System
• Restaurant
• Smoke Detector

Vancouver Retail for Sale - CBD/West Vancouver

Uptown Vancouver, WA. The building hosts to restaurants. Both are long term leases with the current owners. (Sale-Leaseback) If the buyer wants a restaurant, the sellers are willing to sign a lease with them for the top two floors. Downstairs is the best pizza in Vancouver and the top two floors are an exquisite dinning and tasting room. The building had one of the most extensive remodel jobs in Vancouver just two years ago and it looks incredible. Take a look at the quality in these pictures.

Contact:

Opportunities W/ Venture CRE

Date on Market:

2025-10-17

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Snoqualmie Market Retail Center - 8030 Railroad Ave SE

Snoqualmie, WA 98065

• 1031 Exchange Property
• Retail for Sale
• $3,706,703 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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Wauconda Ranch - 3 Summer Rd

Tonasket, WA 98855

• 1031 Exchange Property
• Land for Sale
• $5,494,723 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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1109 N Cedar Rd

Deer Park, WA 99006

• 1031 Exchange Property
• Specialty for Sale
• $4,057,430 CAD
• 25,000 SF

Deer Park Specialty for Sale - Outside Metro North

KDEW 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 65-80k 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 $2,950,000 (land $1,250,000 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 Eldredge Phone: 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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STANWOOD 6 UNIT COMPLEX - 27229 102nd Ave NW

Stanwood, WA 98292

• 1031 Exchange Property
• Multifamily for Sale
• $1,423,539 CAD
• 8,050 SF

• 24 Hour Access
• Controlled Access
• Kitchen

Stanwood Multifamily for Sale - N Snohomish County

Charming 6-Plex in Stanwood Units 1,2,6 are fully remodeled with new kitchens, baths and flooring Units 3 & 5 are partial remodels. Unit 4 - new flooring 4 - 1 bed 1 bath units and 2 - Studios Carports, storage and shared laundry.

Contact:

Windermere Real Estate / Skagit Valley

Property Subtype:

Apartment

Date on Market:

2025-08-29

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