Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scenic Waterfront Land Opportunity Title is generated by Realmo AI

    9212 S Silver Lake Rd, Medical Lake, WA 99022

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    LAND - Medical Lake, WA

    Lot size:
    11.28 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    33
    Last Refresh:
    May 19 at 11:06 am

    Property Features for 9212 S Silver Lake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14163.9601
    Lot size
    11.28 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    BethAnn Long
    BethAnn Long

    Listing agent BethAnn Long License #77217

    Listing office RE/MAX Inland Empire 429 E Sprague Ave, Spokane, WA

    Listing date Apr 17, 2026

    MLS# 202615634 Listing URL

    Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,800 Lineal Feet of Lake Frontage/Beach
    • Potential for development: resort, event center, cabins, condos, or custom homes
    • Former 3000+ sq. ft restaurant (unfinished remodel) offers potential for conversion
    • Concrete Boat Launch
    • Scenic lakefront parcel with multiple water view building sites
    • Convenient location: 15 minutes to downtown Spokane, close to airport and Amazon warehouse

    Overview

    This 11.28-acre waterfront land parcel in Medical Lake, WA, presents endless possibilities for a waterfront dream home or a small development. The site, formerly the "Picnic Pines" resort, features 1,800 lineal feet of lake frontage and beach, along with a concrete boat launch. Potential uses include a private or public resort, an event center, cabins, or condos. The property offers several potential water view building sites. A former 3000+ sq ft restaurant (unfinished remodel) could be redesigned into a custom dwelling or central space for additional homes, subject to approvals. The location is approximately 15 minutes from downtown Spokane, with convenient access to the airport and the Amazon warehouse. Buyer to verify potential usages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Hair Salon Food Market Grocery & Convenience Store Furniture & Home Goods Grocery & Convenience Store Cafe & Coffee Shop Wine and Liquor Store Daycare Center Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Medical Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.705
    Latitude
    47.6094

    Nearby Similar for Sale

    • $285,000
      1,924 SF

      Versatile Commercial Building in Medical Lake

      Adaptable commercial building suitable for retail, office, or restaurant use.
      118 E LAKE St, Medical Lake, WA 99022
      View Details
    • $385,000
      2,240 SF

      Medical Lake Duplex Investment Opportunity

      Well-positioned duplex in Medical Lake with consistent rental demand.
      316 N Silver Lake Ave, Medical Lake, WA 99022
      View Details
    • $310,000

      53.38 Acres Near Fairchild AFB

      Large acreage near Fairchild AFB with owner financing available.
      1111 S Dover Rd, Medical Lake, WA 99022
      View Details
    • $150,000

      Acre Lot Near Clear Lake

      One-acre lot near Clear Lake with easy highway access.
      201xx W Waterside Ct, Medical Lake, WA 99022
      View Details
    • $300,000

      Waterfront Acreage on Silver Lake

      One-acre waterfront property, ready for custom lake home.
      NKA S Greenfield Ln, Medical Lake, WA 99022
      View Details
    • $245,000

      Highway Frontage Farmland Opportunity

      45.3 acres with highway frontage near Fairchild Air Force Base.
      16900 W Hwy 2, Medical Lake, WA 99022
      View Details
    • $159,900

      Land Near Spokane Airport

      4.89 acres of usable land near Spokane International Airport.
      16XX S Fairview Heights Rd, Medical Lake, WA 99001
      View Details
    • $250,000

      20 Acres Near Fairchild AFB

      20 acres near Fairchild AFB with owner financing available.
      N Rambo Rd, Medical Lake, WA 99022
      View Details
    • $139,950

      10-Acre Lot Near Spokane Airport

      10-acre lot near Spokane Airport with owner financing opportunity.
      S Dover Rd, Medical Lake, WA 99022
      View Details
    • $100,000

      Medical Lake Acreage with Power

      9-acre parcel near Fairchild AFB with territorial views.
      1119 S Dover Rd, Medical Lake, WA 99022
      View Details
    • $178,000

      Land with Pond Views

      10-acre property with pond views in Medical Lake, WA.
      W Page Pond Ln, Medical Lake, WA 99022
      View Details
    • $235,000

      11 Acre Lot with Utilities

      Corner lot with well, power, sheds, and pasture land.
      21720 W Washington Rd, Medical Lake, WA 99022
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 11.28 acres of waterfront land with development potential.
    Where is this waterfront land located?
    The property is located at 9212 S Silver Lake Rd Medical Lake, WA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1,800 Lineal Feet of Lake Frontage/Beach; Potential for development: resort, event center, cabins, condos, or custom homes; Former 3000+ sq. ft restaurant (unfinished remodel) offers potential for conversion
    (509) 879-1128
    We can help!
    Listing Contact
    BethAnn Long
    BethAnn Long
    Real Estate License ID: 77217
    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
    9212 S Silver Lake Rd, Medical Lake, WA 99022
    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!