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

    6402 N Nevada St Spokane, WA 99208

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,500 /Mo ($1.20 SF/Yr)

    25,000 SF lot for ground lease or build-to-suit.

    Property size:
    25,000 SF
    Lot size:
    25.00 Acres

    Property Features for 6402 N Nevada St

    General Information

    Size
    25,000 SF
    Lot size
    25.00 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Stephen Pohl
    Source: Naiglobal

    Listing Agent: Stephen Pohl

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

    Learn more

    Overview

    Commercial Land with High Visibility

    This commercial land offers excellent visibility on N Nevada St, located just north of E. Francis Ave. The lot measures approximately 25,000 square feet with dimensions of 100x245. Zoned GC-70, the property benefits from a traffic count of approximately 24,100 vehicles per day. It includes a cross-parking and access easement with the adjoining pad, making it suitable for ground lease or build-to-suit opportunities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    County
    Spokane
    State
    Washington
    Longitude
    -117.3949281
    Latitude
    47.7163757

    Nearby Similar for Lease

    • $1,611 /Mo
      36,180 SF

      Adaptable Office Space in Spokane

      1,173 SF office space in central Spokane location.
      222 W Mission Ave, Spokane, WA 99201
      View Details
    • $18 SF/Yr
      28,200 SF

      Downtown Spokane Modern Office Space

      Modernized office space in Downtown Spokane with flexible configurations.
      170 S Lincoln St, Spokane, WA 99201
      View Details
    • $1.00 SF/Yr
      43,200 SF

      High-Clearance Warehouse with Freeway Access

      Functional warehouse near I-90, suitable for various industrial uses.
      8579 W Westbow Blvd, Spokane, WA 99224
      View Details
    • $11 SF/Yr
      8,784 SF

      Spokane Flex Warehouse Opportunity

      Functional flex warehouse with ample outdoor storage in Spokane.
      320 N Lee St, Spokane, WA 99202
      View Details
    • $3,333 /Mo
      25,750 SF

      Spokane Industrial Flex Business Park

      Class A industrial flex spaces available for lease.
      5807-5817 W Thorpe Rd, Spokane, WA 99224
      View Details
    • $21 SF/Yr
      3,955 SF

      Updated Medical Building Near Hospital

      Newly updated medical building with move-in ready and expandable spaces.
      220 E Rowan Ave, Spokane, WA 99207
      View Details
    • $11 SF/Yr
      8,784 SF

      Functional Flex Warehouse Opportunity

      Flex warehouse in Spokane's industrial corridor with ample outdoor storage.
      320 N Lee St, Spokane, WA 99202
      View Details
    • $1,195,000
      2,842 SF

      Downtown Spokane Professional Office Building

      Two-story office/retail building with basement and rooftop deck.
      425-427 W 1St Ave, Spokane, WA 99202
      View Details
    • $18 SF/Yr
      14,400 SF

      Downtown Spokane Retail Space Available

      6,400 SF retail space in the heart of Spokane.
      225 W Riverside Ave, Spokane, WA 99201
      View Details
    • Contact for pricing
      55,452 SF

      Spokane Retail Building with Parking

      Commercial building in Spokane's Northeast corridor, ideal for retail.
      3919 N Market St, Spokane, WA 99207
      View Details
    • $2,317 /Mo
      3,100 SF

      Spokane Office/Warehouse Space for Lease

      Office and warehouse spaces available for lease in Spokane.
      910-1026 N Lake Rd, Spokane, WA 99212
      View Details
    • $3,500 /Mo
      126,867 SF

      South Hill Retail Space Available

      Retail spaces for lease in high-traffic South Hill neighborhood.
      802 E 29Th Ave, Spokane, WA 99203
      View Details

    FAQs

    What type of property is this?
    Commercial land - 25,000 SF lot for ground lease or build-to-suit.
    Where is this commercial land located?
    The property is located at 6402 N Nevada St Spokane, WA.
    What is the lease rate?
    The lease rate is $1.20 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility to Nevada St; - High Traffic Count: 24,100 VPD ±; - Lot Size: 25,000 SF ±
    (509) 290-9445
    Request Owner's contact information
    6402 N Nevada St Spokane, WA 99208
    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.
    6402 N Nevada St
    Spokane, WA 99208
    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
    6402 N Nevada St Spokane, WA 99208
    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
    Stephen Pohl
    Real Estate License ID: WA #50282
    (509) 290-9445
    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.