Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lakefront Recreational Land Title is generated by Realmo AI

    2-xxxx East Eloika Lake Road, Deer Park, WA 99006

    View on Map
    Claim this Listing
    For Sale
    $299,000

    Primary lakefront acreage on Eloika Lake with timber and pasture, accessed off a paved county road.

    Type:Land
    Lot size:
    20.00 Acres
    Added:
    Jun 6, 2025
    Days on Market:
    366
    Last Refresh:
    Jun 6 at 5:44 am

    Property Features for 2-xxxx East Eloika Lake Road

    General Information

    Standard status
    Active
    Lot size
    20.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Ken Barcus

    Listing agent Ken Barcus License #18457

    Listing office Ken Barcus Realty

    Listing date Jun 6, 2025

    Source Compass

    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 Ken Barcus Realty

    HighLights

    • 20‑acre primary lakefront property on Eloika Lake with low‑bank waterfront
    • Several hundred feet of lakefront offering expansive lake views and frontage
    • Timber and pasture on the property
    • Easy access off a paved county road
    • Located in Northern Spokane County, about 25 minutes from North Spokane shopping, dining, and entertainment

    Overview

    This offering consists of approximately 20 acres of primary lakefront property on Eloika Lake, providing several hundred feet of shoreline. The land includes a mix of timber and pasture, offering flexibility for recreation uses or a custom build. Access is described as convenient from a paved county road.

    Eloika Lake is located in Northern Spokane County. The property’s setting is rural, with the ability to enjoy expansive lake views and frontage while remaining within a reasonable drive of shopping, dining, and entertainment, described as about 25 minutes to North Spokane.

    For buyers seeking waterfront land, the combination of lakefront depth, shoreline frontage, and the natural timber-and-pasture mix supports a range of practical directions, from personal recreation to developing a residence on or near the water. With paved-road access and abundant lake exposure, this parcel is well-suited for those looking for a countryside waterfront site without sacrificing proximity to everyday conveniences.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Deer Park
    County
    Spokane
    State
    Washington
    Longitude
    -117.405327
    Latitude
    48.018756

    Nearby Similar for Sale

    • $1,100,000
      31,600 SF

      Specialty Property for Sale

      Specialty commercial property offered for sale with a 0.72-acre lot and 31,600 square feet.
      111 W 1ST St, DEER PARK, WA 99006
      View Details
    • $1,100,000
      5,820 SF

      Turnkey Auto Body Repair Shop

      Equipped auto body shop with buildings and extra parking.
      111 W First St, Deer Park, WA 99006
      View Details
    • $659,000
      2,884 SF

      Spacious Duplex in Deer Park

      Well-maintained duplex with modern finishes and private backyards.
      419 E St, Deer Park, WA 99006
      View Details
    • $124,000

      Deer Park RV Lot

      RV lot in a 55+ community near Spokane.
      1205 N Country Club Dr, #104, Deer Park, WA 99006
      View Details
    • $1,228,000

      Deer Park Commercial Land Available

      7.05 acres of commercial land in Deer Park, WA.
      S Main St, Deer Park, WA 99006
      View Details
    • $849,000

      Recreation Land Development Parcel

      Forestry-zoned land near Eloika Lake, suited for buyers looking for recreation and potential development flexibility.
      W OREGON Rd, DEER PARK, WA 99006
      View Details
    • $600,000
      5,924 SF

      Downtown Deer Park Car Wash

      Touchless car wash and self-storage in a growing market.
      102-112 E J Street, Deer Park, WA 99006
      View Details
    • $219,000

      Residential Land on Golf Course

      Residential land with golf course views and convenient location.
      1438 E 12TH St, Deer Park, WA 99006
      View Details
    • $145,000

      Deer Park Land with Mountain Views

      10 acres in Deer Park with mountain views and infrastructure.
      5815 W Mule Deer Ln, Deer Park, WA 99006
      View Details
    • $219,000

      Residential Lot on Golf Course

      Residential lot with golf course views and convenient location.
      1430 E 12TH St, Deer Park, WA 99006
      View Details
    • $299,000

      Lakefront Recreation Land Parcel

      Primary lakefront acreage with extensive shoreline, timber and pasture, and easy access off a paved county road.
      2XXX BLK E ELOIKA LAKE Rd, DEER PARK, WA 99006
      View Details
    • $450,000

      Farmland Along Highway 395

      61.12 acres of farmland bordering Highway 395.
      34XXX N Highway 395, Deer Park, WA 99006
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Primary lakefront acreage on Eloika Lake with timber and pasture, accessed off a paved county road.
    Where is this waterfront land located?
    The property is located at 2-xxxx East Eloika Lake Road Deer Park, WA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 20‑acre primary lakefront property on Eloika Lake with low‑bank waterfront; Several hundred feet of lakefront offering expansive lake views and frontage; Timber and pasture on the property
    (509) 680-2814
    We can help!
    Listing Contact
    Ken Barcus
    Real Estate License ID: 18457
    Learn More
    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
    2-xxxx East Eloika Lake Road, Deer Park, WA 99006
    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!