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    16615 E Broadway Ave Spokane Valley, WA 99037

    For Sale
    $650,000

    1.19 acres in Spokane Valley, development potential, walkable location.

    Lot size:
    1.19 Acres

    Property Features for 16615 E Broadway Ave

    General Information

    Lot size
    1.19 Acres

    Source: Kiemle Hagood Agent Brandon Peterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spokane Valley Land with Development Potential

    This 1.19-acre property in Spokane Valley presents a development opportunity. The zoning is RHD, allowing for 22 units per acre, potentially accommodating up to 26 units. The City of Spokane Valley Planning is in the process of amending the Comprehensive Plan, with completion required by the end of 2026. The flat, rectangular lot is suitable for an apartment building, 2-4 unit structures, or single-family units. A 4-bedroom, 2-bath home with a 2-car garage is located on the property. The house could be kept for rental income or living opportunity while developing the north portion of the property. The City of Spokane Valley is mandated by Washington State to amend the Comprehensive Plan in 2026, potentially allowing for increased unit density. The location is walkable to shopping, restaurants, and daily required services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.1814742
    Latitude
    47.6650244

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    FAQs

    What type of property is this?
    Land - 1.19 acres in Spokane Valley, development potential, walkable location.
    Where is this land located?
    The property is located at 16615 E Broadway Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - 1.19 acre lot zoned RHD for up to 26 units, offering significant development potential.; - Potential for increased unit density after 2026 Comp Plan amendment.; - Flat, rectangular lot ideal for various development options.
    (509) 998-8162
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    Realmo Value Estimation

    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.

    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.

    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
    16615 E Broadway Ave Spokane Valley, WA 99037
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