Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12308 E Broadway Ave Spokane Valley, WA 99216

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $925,000

    Commercial office space for lease in Spokane Valley.

    Property size:
    2,314 SF
    Lot size:
    0.54 Acres

    Property Features for 12308 E Broadway Ave

    General Information

    Size
    2,314 SF
    Lot size
    0.54 Acres

    We can help!

    Listing Contact
    Tim Kestell
    Tim Kestell
    Source: Moodyscre

    Listing Agent: Tim Kestell

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

    Learn more

    Property Insight Report

    Overview

    Spokane Valley Office Space Available

    The available commercial office space is located on the second floor and comprises approximately 2,314 square feet. The building, constructed in 1976, has a total size of approximately 5,456 square feet. The location benefits from a high-traffic, signalized intersection and offers good visibility. Rent includes HVAC, water, sewer, and garbage services. The tenant is responsible for janitorial services. Free parking is available. The parcel number for the property is 45153.0413.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grimmer Jackie Dentist Sheri's First Aid/CPR ... First Aid Station Mirrored Enhancements Skin Care Clinic Prickly Peach Skin ... Waxing Hair Removal Service Aspire Skin & Wellness ... Skin Care Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.2392955
    Latitude
    47.6640632

    Nearby Similar for Lease

    • $16 SF/Yr
      10,478 SF

      Spokane Valley Office Space Available

      Available office space in premier business park near natural areas.
      3309 Cherry St, Spokane Valley, WA
      View Details
    • $1.20 SF/Yr
      11,000 SF

      Spokane Valley Flex Space Available

      Flex space available in Spokane Valley, ranging from 4,000-6,000 SF.
      5216 E Broadway Ave, Spokane Valley, WA 99212
      View Details
    • $13 SF/Yr
      25,800 SF

      Mirabeau Parkway Office Complex

      Prime Spokane County Office/Industrial Space
      12410 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $1.89 SF/Yr
      9,916 SF

      Spokane Valley Industrial Space Available

      Flexible industrial space with office, warehouse, and secure yard.
      925 N Fancher Rd, Spokane Valley, WA
      View Details
    • $1.35 SF/Yr
      11,700 SF

      New Industrial Flex Space

      New industrial flex buildings in Spokane Valley, available December 2025.
      4524 North Barker Rd, Spokane Valley, WA 99027
      View Details
    • $14 SF/Yr
      3,499 SF

      Versatile Spokane Valley Office Space

      Former dental office suitable for medical or general office use.
      826 N Mullan Rd, Spokane Valley, WA
      View Details
    • $9 SF/Yr
      135,000 SF

      Selkirk Industrial Park: Space Available

      Modern Spokane Valley Office & Warehouse Space
      18404 Garland Ave, Spokane Valley, WA 99216
      View Details
    • $25 SF/Yr

      Retail Space in Gesa Center

      Retail and office spaces with high visibility and accessibility.
      509 N Sullivan Rd, Veradale, WA 99037
      View Details
    • $18,000 /Mo
      5,924 SF

      Restaurant & Sports Bar Sublease

      Fully equipped restaurant and sports bar available for sublease.
      14004 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $7 SF/Yr
      18,675 SF

      Yardley Warehouse Space Available

      Industrial warehouse; two units, flexible space.
      1015 Yardley St, Spokane Valley, WA 99212
      View Details
    • $9 SF/Yr
      6,249 SF

      Spokane Valley Office Space

      Flexible workspace solutions in Spokane Valley.
      0 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $12 SF/Yr
      39,174 SF

      Spokane Valley Office & Warehouse

      Prime space, multiple tenants, 39,174 sqft.
      2128 Pne Rd, Spokane Valley, WA 99206
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial office space for lease in Spokane Valley.
    Where is this office space located?
    The property is located at 12308 E Broadway Ave Spokane Valley, WA.
    What are key features of this property?
    This property features: - High traffic signalized intersection for **excellent visibility and accessibility**.; - Rent includes HVAC, Water, Sewer, and Garbage.; - **Large office space: ± 2,314 SF.**
    (509) 838-6541
    Request Owner's contact information
    12308 E Broadway Ave Spokane Valley, WA 99216
    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.
    12308 E Broadway Ave
    Spokane Valley, WA 99216
    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
    12308 E Broadway Ave Spokane Valley, WA 99216
    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

    We can help!
    Listing Contact
    Tim Kestell
    Tim Kestell
    Real Estate License ID: 84800
    (509) 838-6541
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.