Two-Story Duplex with RV
For Sale
$699,900
10811 Mission, Spokane Valley, WA 99216
Updated duplex with flexible upstairs living, attached parking, and backyard access near Mission Park.
Property Size3,000 SF
Price / SF$233.30
Days on Market30
Property Features for 10811 Mission
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family Home
Additional Details
Parking per Unit
6
Taxes and HOA fees
Annual Taxes
$6,996
Amenities
Garage: Attached, Slab, RV Access/Parking, Garage Door Opener
Garage Spaces: 4
Style: Traditional
Traditional
Attached, Slab, RV Access/Parking, Garage Door Opener
4
Building Details
Year Built
2019
Listing Agency:
Windermere Manito, LLC
(509) 939-4268
Listed By:
Scott Wright · License #24154
Source:
Clearwaterproperties
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 29 at 3:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Manito, LLC
Investment Insights
Based on property information with market context.
Built in 2019, this 3,000-square-foot duplex offers a two-level layout in each unit, with living areas on the main floor and bedrooms above. Open kitchen and living spaces connect to backyard access, while each unit includes a primary bedroom with a private bathroom, two additional bedrooms, and an office or flex area. Traditional exterior elements, attached parking, slab construction, RV access or parking, and garage door openers add practical functionality.
Located at 10811 Mission in Spokane Valley, the property is near Mission Park. Each unit can accommodate up to six vehicles, providing capacity for passenger vehicles, trailers, recreational vehicles, or other equipment. The combination of residential layout, attached parking, and flexible interior space supports both owner occupancy and tenant use.
Located at 10811 Mission in Spokane Valley, the property is near Mission Park. Each unit can accommodate up to six vehicles, providing capacity for passenger vehicles, trailers, recreational vehicles, or other equipment. The combination of residential layout, attached parking, and flexible interior space supports both owner occupancy and tenant use.
Key Highlights
- Duplex totaling 3,000 square feet
- Built in 2019
- Each unit can accommodate up to six vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,200
$520.2K
Cap Rate 7%
$371,571
$371.6K
Cap Rate 9%
$289,000
$289.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$39.6K $13.20/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$37.2K $12.39/SF
− OpEx
−$11.1K −$3.72/SF
NOI
$26.0K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,200
Cap Rate 7%
$371,571
Cap Rate 9%
$289,000
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with flexible upstairs living, attached parking, and backyard access near Mission Park.
Where is this duplex located?
The property is located at 10811 Mission Spokane Valley, WA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Duplex totaling 3,000 square feet; Built in 2019; Each unit can accommodate up to six vehicles
