Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Acreage on Silver Lake Title is generated by Realmo AI

    NKA S Greenfield Ln, Medical Lake, WA 99022

    View on Map
    Claim this Listing
    For Sale
    $300,000

    LAND - Medical Lake, WA

    Lot size:
    1.01 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    77
    Last Refresh:
    May 27 at 10:06 pm

    Property Features for NKA S Greenfield Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14291.0132
    Lot size
    1.01 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2193

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Beach Access, Lake Front
    Water front
    1

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Richard Prasser
    Richard Prasser

    Listing agent Richard Prasser License #SP36905

    Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA

    Listing date Mar 12, 2026

    MLS# 202613397 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

    • Waterfront property on Silver Lake with beach access and lake frontage
    • 1‑acre lot prime for building a custom lake home
    • Well is already installed
    • Power is readily available on the property
    • Easy connection to community septic system
    • Surrounding homes are valued north of $1 Million

    Overview

    This one-acre waterfront property on Silver Lake presents an opportunity for building a custom lake home. Power is readily available on the property. A well is already installed. Connection to the community septic system is fairly easy. The surrounding homes are valued at over $1 million. The property is located in Medical Lake, Spokane County, Washington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Medical Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.6812
    Latitude
    47.5957

    Nearby Similar for Sale

    • $285,000
      1,924 SF

      Versatile Commercial Building in Medical Lake

      Adaptable commercial building suitable for retail, office, or restaurant use.
      118 E LAKE St, Medical Lake, WA 99022
      View Details
    • $385,000
      2,240 SF

      Medical Lake Duplex Investment Opportunity

      Well-positioned duplex in Medical Lake with consistent rental demand.
      316 N Silver Lake Ave, Medical Lake, WA 99022
      View Details
    • $139,850

      Spacious Land Near Key Amenities

      10-acre lot near Spokane Airport with owner financing.
      S Dover Rd, Medical Lake, WA 99022
      View Details
    • $1,350,000

      Scenic Waterfront Land Opportunity

      11.28 acres of waterfront land with development potential.
      9212 S Silver Lake Rd, Medical Lake, WA 99022
      View Details
    • $150,000

      Acre Lot Near Clear Lake

      One-acre lot near Clear Lake with easy highway access.
      201xx W Waterside Ct, Medical Lake, WA 99022
      View Details
    • $100,000

      Ring Lake Waterfront Land Opportunity

      2.8 acres of pristine land with 380 feet lake frontage.
      S Medical Lake Rd, Medical Lake, WA 99022
      View Details
    • $159,900

      Land Near Spokane Airport

      4.89 acres of usable land near Spokane International Airport.
      16XX S Fairview Heights Rd, Medical Lake, WA 99001
      View Details
    • $250,000

      20 Acres Near Fairchild AFB

      20 acres near Fairchild AFB with owner financing available.
      N Rambo Rd, Medical Lake, WA 99022
      View Details
    • $250,000

      20 Acres Near Fairchild AFB

      20 acres near Fairchild AFB with owner financing available.
      N Rambo Rd, Medical Lake, WA 99022
      View Details
    • $245,000

      Highway Frontage Farmland Opportunity

      45.3 acres with highway frontage near Fairchild Air Force Base.
      16900 W Hwy 2, Medical Lake, WA 99022
      View Details
    • $170,000

      Highway Frontage Land Near FAFB

      20.49 acres with highway frontage near Fairchild Air Force Base.
      16600 W Hwy 2, Medical Lake, WA 99022
      View Details
    • $120,000

      Medical Lake Acreage with Power

      10-acre parcel near Fairchild AFB with owner financing.
      1115 S Dover Rd, Medical Lake, WA 99022
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - One-acre waterfront property, ready for custom lake home.
    Where is this waterfront land located?
    The property is located at NKA S Greenfield Ln Medical Lake, WA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Waterfront property on Silver Lake with beach access and lake frontage; 1‑acre lot prime for building a custom lake home; Well is already installed
    (509) 458-4000
    We can help!
    Listing Contact
    Richard Prasser
    Richard Prasser
    Real Estate License ID: SP36905
    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 S Greenfield Ln, Medical Lake, WA 99022
    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!