Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    92.54 Acres Near DNR Land Title is generated by Realmo AI

    NKA E Belmont Rd, Mica, WA 99023

    View on Map
    Claim this Listing
    For Sale
    $900,000

    LAND - Mica, WA

    Lot size:
    92.50 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for NKA E Belmont Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    88-Fo
    Standard status
    Active
    APN
    54171.9026
    Lot size
    92.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    87

    We can help!

    Listing Contact
    Jennifer Shupe
    Jennifer Shupe

    Listing agent Jennifer Shupe License #25755

    Listing office RE/MAX Inland Empire 429 E Sprague Ave, Spokane, WA

    Listing date Apr 23, 2026

    MLS# 202616144 Listing URL

    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

    • 92.54‑acre parcel adjacent to pristine DNR land.
    • Incredible Spring on property.
    • Breathtaking sweeping views.
    • Easy access to Mica Peak.
    • Ideal for hiking, hunting, horseback riding, and ATV riding.
    • Perfect for building a secluded cabin or legacy homestead.

    Overview

    This 92.54-acre parcel is located in Mica, WA, and borders Department of Natural Resources land. The property features a spring and views. The land is suitable for outdoor activities such as hiking, hunting, horseback riding, and ATV riding. The zoning is 88-Fo. The property is comprised of two parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Mica
    County
    Spokane
    State
    Washington
    Longitude
    -117.1331724
    Latitude
    47.57982075

    Nearby Similar for Sale

    • $670,000

      Mica, WA 51-Acre Parcel

      51.16 acres near Spokane Valley, ideal for custom home.
      E Belmont Rd, Mica, WA 99023
      View Details
    • $275,000

      Mica, WA Land with Views

      Land with stunning views, power, and potential well drilling.
      00XXX Jackson Rd, Lot 22, Mica, WA 99023
      View Details
    • $500,000

      Mica, WA Land Parcel

      52.24-acre parcel bordering DNR land with spring.
      NKA E Belmont Rd, Mica, WA 99023
      View Details
    • $275,000

      Land Parcel in Mica, WA

      Spacious land parcel with utilities ready for your dream home.
      00XXX Jackson Rd, Lot 17, Mica, WA 99023
      View Details
    • $1,300,000

      Mica, WA Land For Sale

      9.9 acre lot with panoramic views and multiple build sites.
      00XXX S Jackson Rd, Lot 23, Mica, WA 99224
      View Details
    • $334,900

      Mica, WA 10+ Acre Land

      10+ acre parcel near Spokane Valley with mountain views.
      14117 E Gibbs Rd, Mica, WA 99023
      View Details
    • $389,000

      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
    • $325,000

      Mica, WA Land Parcel

      Land parcel in Mica, WA with power and driveway.
      00XXX S Jackson Rd, Lot 19, Mica, WA 99023
      View Details
    • $275,000

      Land Parcel in Mica, WA

      Land parcels available in Mica, WA, ranging from 10-20 acres.
      00XXX S Jackson Rd, Lot 15, Mica, WA 99023
      View Details
    • $420,000

      Mica, WA Land Opportunity

      40.26-acre property with panoramic views near Mica Peak.
      NKA E Belmont Rd, Mica, WA 99023
      View Details
    • $334,900

      Land For Sale

      Land available in Mica, Washington.
      14117 E Gibbs Rd, Mica, WA 99023
      View Details
    • $380,000

      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

    FAQs

    What type of property is this?
    Recreation land - 92.54-acre parcel bordering DNR land with spring and views.
    Where is this recreation land located?
    The property is located at NKA E Belmont Rd Mica, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 92.54‑acre parcel adjacent to pristine DNR land.; Incredible Spring on property.; Breathtaking sweeping views.
    (509) 879-1128
    We can help!
    Listing Contact
    Jennifer Shupe
    Jennifer Shupe
    Real Estate License ID: 25755
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NKA E Belmont Rd, Mica, WA 99023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!