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    For Sale (28)

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    Spokane Land on Browne Mountain
    $215,000
    10.00 Acres

    Spokane Land on Browne Mountain

    10-acre land parcel on Browne Mountain near South Hill.

    57xx S Corkery Rd, Spokane, WA 99223
    View details
    32 Acres in Metaline Falls
    $145,000
    32.00 Acres

    32 Acres in Metaline Falls

    Secluded 32-acre property with mountain views and dry cabin.

    Nka Hwy 31, Metaline Falls, WA 99153
    View details
    Newport Land with Pond
    $129,900
    20.00 Acres

    Newport Land with Pond

    Private homesite or nature retreat near Newport and Spokane.

    2 Veit Rd, Newport, WA 99156
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    Land with Creek Frontage
    $340,000
    9.76 Acres

    Land with Creek Frontage

    Private 10-acre parcel near Mt. Spokane with creek and pond.

    341xx N Blanchard Crk Rd, Elk, WA 99009
    View details
    Mica, WA View Lot
    $380,000
    20.03 Acres

    Mica, WA View Lot

    20-acre parcel with mature trees and Mica Peak views.

    179XX E Belmont Rd, Mica, WA 99023
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    Land Near Fairchild Air Force Base
    $125,000
    4.92 Acres

    Land Near Fairchild Air Force Base

    Land zoned Rural Traditional near Fairchild Air Force Base.

    12XX S Marlette Ln, Spokane, WA 99022
    View details
    Mica, WA View Lot
    $380,000
    20.03 Acres

    Mica, WA View Lot

    20-acre view lot with mature trees near Mica Peak.

    179XX E Belmont Rd, Mica, WA 99023
    View details
    Newport WA 5-Acre Treed Land
    $59,000
    5.00 Acres

    Newport WA 5-Acre Treed Land

    5-acre treed land in Newport, WA, close to Spokane.

    1263 Valley View Dr, Newport, WA 99156
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    Charming Spokane Duplex For Sale
    $399,999
    2,284 SF

    Charming Spokane Duplex For Sale

    Remodeled duplex near shops and eateries with current leases.

    1014 W Spofford Ave, Spokane, WA 99205
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    Mica, WA 20-Acre Land Parcel
    $380,000
    20.03 Acres

    Mica, WA 20-Acre Land Parcel

    20-acre view lot with mature trees near Mica Peak.

    179XX E Belmont Rd, Mica, WA 99023
    View details
    Residential Land with City Utilities
    $75,000
    0.32 Acres

    Residential Land with City Utilities

    Residential land for sale with city utilities in Reardan.

    635 E Summit Ave, Reardan, WA 99029
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    Residential Land with Spectacular Views
    $90,000
    0.32 Acres

    Residential Land with Spectacular Views

    Land for sale in Reardan with city utilities.

    600 E Davisadero St, Reardan, WA 99029
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    Mica WA Land Parcel
    $380,000
    20.01 Acres

    Mica WA Land Parcel

    20-acre parcel with mature trees and Mica Peak views.

    179XX E Belmont Rd, Mica, WA 99023
    View details
    Recreational Land with Insulated Shop
    $149,000
    5.20 Acres

    Recreational Land with Insulated Shop

    5.2 acres with shop, lake access, ideal recreation.

    761 Granite Rd, Newport, WA 99156
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    Scenic Land with Mountain Views
    $185,000
    5.40 Acres

    Scenic Land with Mountain Views

    5.4 acres of private land near Mt. Spokane.

    Timberlane Cir, Mead, WA 99021
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    Newport Land with Shop
    $299,500
    20.00 Acres

    Newport Land with Shop

    20-acre property with shop, RV parking, and garden.

    800 Hillcrest Ln, Newport, WA 99156
    View details
    Airway Heights Commercial Acreage Available
    $250,000
    4.67 Acres

    Airway Heights Commercial Acreage Available

    Prime commercial land with development possibilities in Airway Heights, WA.

    17XX S Craig Rd, Airway Heights, WA 99001
    View details
    Land with Septic System Installed
    $129,500
    16.11 Acres

    Land with Septic System Installed

    16+ acres with views and installed septic system!

    247 Schlegel Rnch Rd, Ione, WA 99139
    View details
    Newport Land with Views
    $119,900
    20.00 Acres

    Newport Land with Views

    20-acre homesite near Newport and Spokane with southwestern exposure.

    1 Veit Rd, Newport, WA 99156
    View details
    Residential Land in Reardan, WA
    $75,000
    0.32 Acres

    Residential Land in Reardan, WA

    Land available for building a home with city utilities.

    625 E Summit St, Reardan, WA 99029
    View details
    Deer Park Hunting Land For Sale
    $152,000
    21.86 Acres

    Deer Park Hunting Land For Sale

    21.86 acres of hunting land near DNR land.

    5550 Scotts Valley Rd, Deer Park, WA 99006
    View details
    Medical Lake Land For Sale
    $125,000
    4.68 Acres

    Medical Lake Land For Sale

    4.68 acre lot near Hwy 2, Medical Lake, WA

    12XX S Fairview Heights Rd, Medical Lake, WA 99022
    View details
    Newport Commercial Opportunity Near Diamond Lake
    $625,000
    2,438 SF

    Newport Commercial Opportunity Near Diamond Lake

    Renovated mixed-use building with high visibility and redevelopment potential.

    802 Southshore Diamond Lake Rd, Newport, WA 99156
    View details
    Buildable Acres in Chattaroy, WA
    $139,900
    2.00 Acres

    Buildable Acres in Chattaroy, WA

    Two-acre parcel with shared open space in Chattaroy, WA.

    5123 E Chattaroy Rd, Chattaroy, WA 99003
    View details
    Residential Land in Oakesdale, WA
    $50,000
    0.32 Acres

    Residential Land in Oakesdale, WA

    Residential land suitable for mobile or new home construction.

    W Barlet St, Oakesdale, WA 99158
    View details
    Airway Heights Development Opportunity
    $175,000
    0.33 Acres

    Airway Heights Development Opportunity

    14,280 sq ft parcel for mixed-use development.

    1308 S Ziegler St, Airway Heights, WA 99001
    View details
    Land Near Newport Highway
    $140,000
    1.61 Acres

    Land Near Newport Highway

    1.61-acre treed property ideal for building your dream home.

    Nkn Newport Hwy, Elk, WA 99009
    View details
    Land For Sale
    $175,000

    Land For Sale

    Land available west of Airway Heights downtown.

    1308 S Ziegler St, Airway Heights, WA 99001
    View details

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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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