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    Craig Soehren, Spokane, WA

    License ID: 22137
    Kiemle & Hagood Company
    Association
    Washington State Commercial Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (509) 755-7548
    Office Address:
    601 W Main Ave Ste 400, Spokane, WA, 99201

    Performance

    Listings
    46

    Listings

    For Sale (10)

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    • $2,000,000

      Land on Riverside Avenue

      Land available for sale on West Riverside Avenue.
      1404 W Riverside Ave, Spokane, WA 99201
      View Details
    • $435,000

      Land on Sunset Highway

      Land available for sale on Sunset Highway in Spokane.
      5701 W Sunset Hwy, Spokane, WA 99224
      View Details
    • $255,000

      Commercial Land Development Opportunity

      Two parcels of land totaling 25,500 SF for sale.
      2620 W Sunset Blvd, Spokane, WA 99224
      View Details
    • $2,250,000
      14,094 SF

      Industrial Building in Spokane Valley

      14,094 SF industrial building on a 26,672 SF lot.
      10021 E Knox Ave, Spokane Valley, WA 99016
      View Details
    • $7,500,000
      112,501 SF

      Cheney Manufacturing Facility For Lease

      112,500 SF manufacturing facility available for lease in Cheney, WA.
      1500 W 1St St, Cheney, WA 99004
      View Details
    • $435,000

      Sunset Highway Development Site

      Corner lot on Sunset Highway, zoned GC-70.
      5701 W Sunset Hwy, Spokane, WA 99224
      View Details
    • $255,000
      25,500 SF

      Sunset Blvd Development Opportunity

      Two parcels totaling 25,500 SF zoned Community Business.
      2620-2630 W Sunset Blvd, Spokane, WA 99224
      View Details
    • $2,000,000

      Downtown Land with Height Potential

      Multi-family or condo site near downtown with 150' height potential.
      1404 W Riverside Ave, Spokane, WA 99201
      View Details
    • $675,000
      3,190 SF

      Office Space with Fireplace

      Office unit featuring a fireplace, balcony, and parking.
      121 S Wall St, Spokane, WA 99201
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    • Contact for pricing
      112,501 SF

      Former Honeywell Manufacturing Facility

      112,500 SF manufacturing facility on 10.08 acres.
      1500 W 1St St, Cheney, WA 99004
      View Details

    For Lease (36)

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    • Contact for pricing

      Available Office Suites for Lease

      Office suites available for lease with spaces ranging from 5,754-7,080 SF.
      110 W Cliff Dr, Spokane, WA 99204
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    • $18 SF/Yr

      East Wenatchee Office Space Available

      Office space available for rent in East Wenatchee.
      201 Valley Mall Pkwy, East Wenatchee, WA 98802
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    • $25 SF/Yr

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      16009 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Spokane, Washington.
      316 W Boone Ave, Spokane, WA 99201
      View Details
    • Contact for pricing

      Office/Warehouse Space Available

      Office and warehouse space for rent at 1313 N Maple St.
      1313 N Maple St, Spokane, WA 99201
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Spokane, Washington.
      1330 N Washington St, Spokane, WA 99201
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    • Contact for pricing

      Office Space for Lease

      Multiple offices and floor plans available for lease.
      316 W Boone Ave, Spokane, WA 99201
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    • Contact for pricing

      Garden Style Office Space

      Office suites for lease with territorial views and easy access.
      1313 N Atlantic St, Spokane, WA 99201
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    • Contact for pricing

      Spokane Valley Industrial Property

      14,094 SF industrial building on a 26,672 SF lot.
      10021 E Knox Ave, Spokane Valley, WA 99206
      View Details
    • $3,568 /Mo
      4,203 SF

      Spokane Valley Flex Space Available

      Office and warehouse space with grade-level overhead door.
      9922 E Montgomery Dr, Spokane Valley, WA 99027
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    • Contact for pricing
      3,000 SF

      Spokane Valley Office Space Available

      Office space for lease in Spokane Valley with I-90 frontage.
      10020-10102 E Knox Ave, Spokane Valley, WA 99016
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    • Contact for pricing

      Fully Leased Spokane Valley Property

      Fully leased commercial property in Spokane Valley with long-term tenants.
      9317 E Sinto Ave, Spokane Valley, WA 99206
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    • $0.78 SF/Yr
      67,500 SF

      67,500 SF Industrial Building

      67,500 SF industrial building available for rent.
      18412 Garland Ave, Spokane Valley, WA 99027
      View Details
    • $10 SF/Yr
      13,365 SF

      Office/Warehouse Space Available

      Office and warehouse space with secured parking.
      112 N Altamont St, Spokane, WA 99202
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    • $14 SF/Yr
      16,456 SF

      Spokane Office Space for Lease

      Available office space with convenient access and free parking.
      1313 N Maple St, Spokane, WA 99201
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    • $25 SF/Yr
      2,230 SF

      Modern Office Space Available

      New office building with tenant improvement allowance and excellent parking.
      16009 East Indiana Ave, Spokane Valley, WA 99216
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    • $18 SF/Yr
      2,538 SF

      Retail Space on Francis Avenue

      Modern retail suite in high-traffic Spokane location for lease.
      1628 W Francis Ave, Spokane, WA 99205
      View Details
    • $12 SF/Yr
      5,135 SF

      Airway Heights Office/Warehouse Building

      Versatile office/warehouse space with excellent access to transportation routes.
      9718 W Flight Dr, Spokane, WA 99224
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    • Contact for pricing
      2,000 SF

      Prime Corner Retail Property Available

      Corner retail property with excellent visibility and accessibility for rent.
      16-28 E Indiana Ave, Spokane, WA 99205
      View Details
    • $18 SF/Yr
      1,606 SF

      Retail Space in East Wenatchee

      Retail space available for lease in high-traffic area.
      201 Valley Mall Pkwy, East Wenatchee, WA 98802
      View Details
    • $22 SF/Yr
      3,000 SF

      Medical Office Building For Lease

      Medical office space available in Spokane, WA.
      6208 N Colton St, Spokane, WA 99208
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space with Fenced Yard

      15,000 SF industrial space for lease in Spokane, WA.
      421 N Freya St, Spokane, WA 99202
      View Details
    • $22 SF/Yr
      3,983 SF

      Spokane Office Space Available

      Office space featuring reception, conference room, break room, and offices.
      1330 N Washington St, Spokane, WA 99201
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    • Contact for pricing

      North Spokane Office Space Available

      Office space for lease with high visibility and on-site parking.
      4610 N Ash St, Spokane, WA 99205
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    • $22 SF/Yr
      1,216 SF

      Office Space with Private Office

      Office space featuring an open layout and a private office.
      316 W Boone Ave, Spokane, WA 99201
      View Details
    • $0.50 SF/Yr
      11,867 SF

      West Spokane Industrial Park Suites

      Industrial park suites available for rent in West Spokane.
      13026 W Mcfarlane Rd, Airway Heights, WA 99001
      View Details
    • $15 SF/Yr
      19,678 SF

      Liberty Lake Specialty Property

      Large 95,000 SF specialty property available for rent.
      22425 E Appleway Ave, Liberty Lake, WA 99019
      View Details
    • $13 SF/Yr
      7,080 SF

      Spokane Office/Medical Space Available

      Office and medical space available for lease in Spokane, WA.
      110 W Cliff Dr, Spokane, WA 99204
      View Details
    • $22 SF/Yr
      781 SF

      Spokane Office Space with Offices

      Office space featuring multiple private offices, conference room, and storage.
      1212 N Washington St, Spokane, WA 99201
      View Details
    • Contact for pricing
      6,920 SF

      Spokane Office Space For Rent

      Office space available for lease in Spokane, Washington.
      1313 N Atlantic St, Spokane, WA 99201
      View Details
    • Contact for pricing

      Liberty Lake Business Park Office

      Office space available at Liberty Lake Business Park.
      22425 E Appleway Ave, Liberty Lake, WA 99019
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse spaces available for rent.
      9922 E Montgomery Ave, Spokane Valley, WA 99206
      View Details
    • $7 SF/Yr
      44,200 SF

      Freya Street Warehouse Opportunity

      Spacious Industrial Warehouse, Excellent Location
      421 Freya St, Spokane, WA 99202
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Spokane, Washington.
      1212 N Washington St, Spokane, WA 99201
      View Details
    • Contact for pricing

      North Spokane Office Space Available

      Office space for lease with high visibility and parking.
      4610 N Ash St, Spokane, WA 99205
      View Details
    • Contact for pricing

      West Spokane Industrial Park Suites

      Industrial park suites available for lease in West Spokane.
      13026 W Mcfarlane Rd, Airway Heights, WA 99001
      View Details

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    Craig Soehren, Spokane, WA
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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.

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    Craig Soehren, Spokane, WA
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