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    Realty One Group Eclipse

    1414 W Garland Ave, Suite 100, Spokane, WA 99205
    (509) 624-6873
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale

    Listings

    For Sale (14)

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    Nine Mile Falls Treed Land
    $110,000
    10.00 Acres

    Nine Mile Falls Treed Land

    10 acres of treed land near Long Lake.

    Raven Rdg St, Nine Mile Falls, WA 99026
    View details
    Spokane Land with Mountain Views
    $110,000
    10.06 Acres

    Spokane Land with Mountain Views

    10+ acre Spokane land parcel with mountain and river views.

    N Mathias Ln, Spokane, WA 99226
    View details
    11 Acre Lot with Utilities
    $235,000
    11.00 Acres

    11 Acre Lot with Utilities

    Corner lot with well, power, sheds, and pasture land.

    21720 W Washington Rd, Medical Lake, WA 99022
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    14 Acres of Flat Land
    $164,999
    14.48 Acres

    14 Acres of Flat Land

    Beautiful 14-acre parcel in Deer Park, WA, with mature trees.

    E Slaton Rd, Deer Park, WA 99006
    View details
    20 Acres Timber Property
    $139,000
    20.00 Acres

    20 Acres Timber Property

    20-acre timber property in Tumtum, WA with building spots.

    Nna Corkscrew Cyn Rd, Tum Tum, WA 99034
    View details
    Wilbur, WA Land For Sale
    $47,500
    0.77 Acres

    Wilbur, WA Land For Sale

    0.77 acre lot ready for building in Wilbur, WA.

    Nna State Rte 2 E, Wilbur, WA 99185
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    53.38 Acres Near Fairchild AFB
    $310,000
    53.38 Acres

    53.38 Acres Near Fairchild AFB

    Large acreage near Fairchild AFB with owner financing available.

    1111 S Dover Rd, Medical Lake, WA 99022
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    Versatile Spokane Multi-Family/Mixed-Use Property
    $750,000
    198 SF

    Versatile Spokane Multi-Family/Mixed-Use Property

    Multi-family/mixed-use property with strong income potential and multiple uses.

    604 S Ray St, Spokane, WA 99202
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    Versatile Multi-Family/Mixed-Use Property
    $750,000
    3,014 SF

    Versatile Multi-Family/Mixed-Use Property

    Multi-family/mixed-use property with income potential in Spokane, WA.

    604 S Ray St, Spokane, WA 99202
    View details
    Land with River and Mountain Views
    $260,000
    5.00 Acres

    Land with River and Mountain Views

    5-acre land near Priest River with shop and utilities.

    65 Cougar Ridge Ln, Priest River, ID 83856
    View details
    Spokane Duplex: Investment Opportunity
    $350,000
    1,152 SF

    Spokane Duplex: Investment Opportunity

    Well-located duplex near Spokane offers convenient living and easy rentability.

    3103 W 13Th Ct, Spokane, WA 99224
    View details
    Deer Park Land with Views
    $249,900
    23.41 Acres

    Deer Park Land with Views

    23+ acre parcel with panoramic views near Nine Mile Falls.

    6581 Saddle Mountain Way, Deer Park, WA 99006
    View details
    Liberty Lake Waterfront Land Parcels
    $349,000
    0.31 Acres

    Liberty Lake Waterfront Land Parcels

    Two waterfront parcels with 348 feet of shoreline.

    1831 S Liberty Dr, Liberty Lake, WA 99019
    View details
    20 Acres of Forest Land
    $200,000
    20.00 Acres

    20 Acres of Forest Land

    20 acres near Spokane, ideal for recreation or building.

    18xxx N Eagle Rdg Ln, Mead, WA 99021
    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
    Realty One Group Eclipse
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