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    Spokane Valley Storage Unit Title is generated by Realmo AI

    19410 E Broadway Ave, Spokane Valley, WA 99016

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    For Sale
    $175,000

    COMMERCIAL - Spokane Valley, WA

    Property size:
    960 SF
    Price / SF:
    $182/SF
    Added:
    Apr 14, 2026
    Days on Market:
    48
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 19410 E Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    55173.3508
    Size
    960 SF

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    2005
    Building materials
    Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Anna Houston

    Listing agent Anna Houston

    Listing office eXp Realty, LLC 601 W 1st Ave Ste 1400, Seattle, WA

    Listing date Apr 14, 2026

    MLS# 202615415

    Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premium 20'x48' commercial storage unit in the desirable Garage Town community.
    • 16'x14' garage door accommodates RVs, boats, trailers, and business equipment.
    • Fully insulated and heated for year‑round use.
    • Includes a convenient 30‑amp, 120‑volt RV outlet.
    • Access to owner clubhouse with meeting area, kitchen, restrooms, and shower facilities.
    • Secure 24/7 access with exterior security lighting and snow removal.

    Overview

    This commercial storage unit, located in Spokane Valley, WA, offers an exceptional opportunity within the Garage Town community. The 20'x48' unit is designed to accommodate various uses, featuring a 16' wide by 14' tall garage door suitable for RVs, boats, trailers, or business equipment. It is fully insulated and heated for year-round use and includes bright LED lighting and an individual utility meter. A pre-installed 30-amp, 120-volt RV outlet adds convenience for recreational or commercial needs. Ownership grants access to community amenities through membership, including an owner clubhouse with a meeting area, big screen TV, kitchen, and restrooms with shower facilities. The grounds are maintained and feature common yard hydrants, wide 60' paved drive aisles for maneuverability, exterior security lighting, and snow removal. The unit offers secure 24/7 access and a thoughtfully designed layout, providing function, comfort, and convenience for personal or business use.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $17.3k $18.00
    − Vacancy −$1.2k −$1.26
    EGI $16.1k $16.74
    − OpEx −$4.8k −$5.02
    NOI $11.2k $11.72
    960 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $160.7K
    $140.6K – $187.5K (±1% cap)
    NOI $11,249 @ 7.0% cap · market cap 6.43%
    Second Best
    Industrial
    $79.8K
    $69.8K – $93.1K (±1% cap)
    NOI $5,585 @ 7.0% cap · market cap 3.19%
    Theoretical Best
    Office A
    $208.5K
    $182.5K – $243.3K (±1% cap)
    NOI $14,598 @ 7.0% cap · market cap 8.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    GarageTown Storage Condos Storage Facility Asgard Construction Construction Company Storemore Solutions Storage Facility Ace Landscaping Corporation Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.144424
    Latitude
    47.663763

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    FAQs

    What type of property is this?
    Self storage facility - Premium commercial storage unit in Spokane Valley's Garage Town.
    Where is this self storage facility located?
    The property is located at 19410 E Broadway Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Premium 20'x48' commercial storage unit in the desirable Garage Town community.; 16'x14' garage door accommodates RVs, boats, trailers, and business equipment.; Fully insulated and heated for year‑round use.
    (360) 339-5093
    We can help!
    Listing Contact
    Anna Houston
    Request Owner's contact information
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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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