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    8824 Hallett Rd Cheney, WA 99004

    For Sale
    $600,000
    Added:
    Dec 11, 2024
    Days on Market:
    370

    Property Features for 8824 Hallett Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    100,188 SF

    Building Details

    Units
    34

    HighLights

    • County Commissioners approved land use change on 3/22/22; rezoning to MDR anticipated by July 31, 2022.
    • 2.3‑acre parcel designated for Medium Density Residential (MDR) development.
    • Up to 34 residential units permitted.
    • Parcels 24053.9068 and 24053.9069.
    • NW corner of Hallett and Holly, West Plains; approx. address 8988 W. Hallett Road.
    • Across from Snowdon Elementary School (Cheney School District).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Department Store Food Market Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.53567924785
    Latitude
    47.594091977519

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    FAQs

    Where is this multifamily property located?
    The property is located at 8824 Hallett Rd Cheney, WA.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: County Commissioners approved land use change on 3/22/22; rezoning to MDR anticipated by July 31, 2022.; 2.3-acre parcel designated for Medium Density Residential (MDR) development.; Up to 34 residential units permitted.
    Request Owner's contact information
    8824 Hallett Rd Cheney, WA 99004
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    Cheney, WA 99004
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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
    8824 Hallett Rd Cheney, WA 99004
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