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    For Sale (30)

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    Spokane Land Parcel For Sale
    $174,900
    10.04 Acres

    Spokane Land Parcel For Sale

    10-acre Spokane land parcel with multiple build sites.

    00XX Rambo Rd, Spokane, WA 99224
    View details
    Forested Land Near Mt. Spokane
    $135,000
    9.50 Acres

    Forested Land Near Mt. Spokane

    9.5-acre parcel near Mt. Spokane Ski & Snowboard Park.

    19970 N Mt Spokane Park Dr, Mead, WA 99021
    View details
    Spokane Land with Building Sites
    $174,900
    10.04 Acres

    Spokane Land with Building Sites

    10-acre lot near Fairchild AFB, build your dream home.

    00XX Rambo Rd, Spokane, WA 99224
    View details
    South Hill Adult Family Home
    $675,000
    13,386 SF

    South Hill Adult Family Home

    Well-established, income-producing adult family home in a peaceful Spokane neighborhood.

    2214 E 36Th Ave, Spokane, WA 99203
    View details
    Reardan Land with Proposed Home
    $605,000
    15.90 Acres

    Reardan Land with Proposed Home

    15.9-acre lot with well, privacy, and proposed home.

    524XX E Euclid Rd, Reardan, WA 99029
    View details
    Spokane 5-Acre Land Parcel
    $365,000
    5.00 Acres

    Spokane 5-Acre Land Parcel

    Premier 5-acre parcel near Orchard Prairie, Spokane.

    E Clements Ln, Spokane, WA 99217
    View details
    Waterfront Land with Cabin in Curlew
    $295,000
    4.37 Acres

    Waterfront Land with Cabin in Curlew

    4+ acres with 1,000+ feet of Kettle River frontage.

    Highway 21 N, Curlew, WA 99118
    View details
    Spokane Land Parcel For Sale
    $224,000
    15.82 Acres

    Spokane Land Parcel For Sale

    15+ acre lot near Fairchild AFB and Spokane.

    00XX W Deno Rd, Spokane, WA 99224
    View details
    Mica, WA Land Parcel
    $275,000
    9.68 Acres

    Mica, WA Land Parcel

    Land parcel in Mica, WA, with power and driveway.

    00XXX S Jackson Rd, Mica, WA 99023
    View details
    Spokane View Lot For Sale
    $214,950
    0.78 Acres

    Spokane View Lot For Sale

    Residential land with city water and sewer in Spokane, WA.

    8907 N Rustle Rd, Spokane, WA 99208
    View details
    Mica, WA Land Parcel
    $325,000
    18.60 Acres

    Mica, WA Land Parcel

    Land parcel in Mica, WA with power and driveway.

    00XXX S Jackson Rd, Mica, WA 99023
    View details
    Spokane Land with Building Potential
    $625,000
    10.04 Acres

    Spokane Land with Building Potential

    10.04 acre Spokane lot with proposed home build.

    00XX Rambo Rd, Spokane, WA 99224
    View details
    200+ Acres Near Riverside Park
    $1,450,000
    201.35 Acres

    200+ Acres Near Riverside Park

    Two contiguous parcels near Spokane, WA, totaling over 200 acres.

    N Hayford Rd, Spokane, WA 99224
    View details
    Curlew Ranch with Irrigation
    $1,285,000
    576.09 Acres

    Curlew Ranch with Irrigation

    576+ acre ranch with irrigation near Colville National Forest.

    361 Lone Ranch Creek Rd, Curlew, WA 99121
    View details
    Reardan Land Ready to Build
    $179,000
    9.77 Acres

    Reardan Land Ready to Build

    9.77 acre lot with well near Reardan, Washington.

    00XXX E Euclid Rd, Reardan, WA 99029
    View details
    Mica, WA Land with Views
    $389,000
    9.61 Acres

    Mica, WA Land with Views

    9.61 acre land parcel with utilities near Spokane and Coeur d'Alene.

    15013 S Palomino Ln, Mica, WA 99023
    View details
    South Hill Adult Family Home
    $700,000
    16,063 SF

    South Hill Adult Family Home

    Well-established, income-producing adult family home in a peaceful Spokane neighborhood.

    4414 S Helena St, Spokane, WA 99223
    View details
    Spangle WA Agricultural Land
    $1,600,000
    369.00 Acres

    Spangle WA Agricultural Land

    369-acre agricultural land with development potential near Spokane.

    E Cornwall Rd, Spangle, WA 99031
    View details
    Land in Reardan with Views
    $215,000
    15.90 Acres

    Land in Reardan with Views

    Residential land ready for your dream home with stunning views.

    00XXX E Euclid Rd, Reardan, WA 99029
    View details
    Mead, WA Forest Land
    $110,000
    10.77 Acres

    Mead, WA Forest Land

    10.77 acres of designated forest land in Mead, WA.

    19960 N Mt Spokane Park Dr, Mead, WA 99021
    View details
    Reardan Land with Installed Well
    $215,000
    15.90 Acres

    Reardan Land with Installed Well

    Residential land in Reardan, WA, with well and stunning views.

    00XXX E Euclid Rd, Reardan, WA 99029
    View details
    Mica, WA Land For Sale
    $1,300,000
    9.90 Acres

    Mica, WA Land For Sale

    9.9 acre lot with panoramic views and multiple build sites.

    00XXX S Jackson Rd, Mica, WA 99224
    View details
    Liberty Lake Land with Views
    $298,000
    0.70 Acres

    Liberty Lake Land with Views

    Rare 0.76 acre lot with panoramic views in Liberty Lake.

    21700 E Glover Ln, Liberty Lake, WA 99019
    View details
    Organic Farm with Processing Facility
    $6,750,000
    580.08 Acres

    Organic Farm with Processing Facility

    580-acre organic farm with blueberries, hay, and processing facility.

    38278 Angels Landing Rd N, Ford, WA 99013
    View details
    Farmland Opportunity Near Davenport
    $349,000
    208.00 Acres

    Farmland Opportunity Near Davenport

    208 acres of rolling hills, ideal for agriculture or building.

    N Coal Spring Rd, Davenport, WA 99122
    View details
    Cheney Land Near Badger Lake
    $160,000
    10.85 Acres

    Cheney Land Near Badger Lake

    10+ acre parcel near Badger and Williams Lakes.

    36000 S Bootstrap Ln, Cheney, WA 99004
    View details
    Spokane Land with Stunning Views
    $270,000
    20.00 Acres

    Spokane Land with Stunning Views

    20-acre parcel with views, near Fairchild AFB and Spokane.

    00XX Rambo Lot A Rd, Spokane, WA 99022
    View details
    Land Ready to Build
    $179,000
    9.70 Acres

    Land Ready to Build

    9.7 acre lot with shared well near Reardan, WA.

    00XXX E Euclid Rd, Reardan, WA 99029
    View details
    Spokane Land with Utilities
    $225,000
    10.43 Acres

    Spokane Land with Utilities

    10.43 acres with well, power, and septic system.

    4608 N Whispering Pines Ln, Spokane, WA 99224
    View details
    Spokane Land For Sale
    $214,950

    Spokane Land For Sale

    Land available in Spokane, Washington.

    8907 N Rustle Rd, Spokane, WA 99208
    View details

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    John L. Scott, Inc.
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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
    John L. Scott, Inc.
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