Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spokane Land with Argonne Frontage Title is generated by Realmo AI

    NKA Argonne-Bigelow Gulch Rd, Spokane, WA 99217

    View on Map
    Claim this Listing
    For Sale
    $649,000

    LAND - Spokane, WA

    Lot size:
    5.10 Acres
    Added:
    Feb 17, 2026
    Days on Market:
    88
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for NKA Argonne-Bigelow Gulch Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R5
    Standard status
    Active
    APN
    46293.0104
    Lot size
    5.10 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Brian Zapotocky

    Listing agent Brian Zapotocky License #128519

    Listing office Windermere Manito, LLC 2829 S GRAND BLVD STE 101, Spokane, WA

    Listing date Feb 17, 2026

    MLS# 202612285 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

    • 5+ acre parcel with Argonne Road frontage in high‑traffic area (21k+ vehicles daily)
    • Zoned Rural 5 with 45+ permitted uses for development potential
    • Ideal for building a home, farm, or home‑based business
    • Water available; power and gas utilities nearby
    • Prime location at crossroads of key Spokane areas
    • Owner financing available

    Overview

    This is a rare opportunity to own over 5 acres with prime frontage on Argonne Road, situated along the Bigelow Gulch corridor. Traffic estimates from Spring 2024 indicate over 21,000 vehicles travel from Bigelow to Argonne, and over 16,000 vehicles travel from Bigelow to Forker Road, providing high visibility. The property is zoned Rural 5, which allows one home per 5 acres and includes over 45 permitted, limited, and conditional uses according to the Spokane County Zoning Code, offering potential for future development. The land is suitable for building a home, starting a farm, or establishing a home-based business. Water is available via the Pasadena water district through Old Argonne, Argonne, or Bigelow Gulch. Power and gas utilities are located nearby. Current access is via Lyric Lane off Old Argonne Road. The property is located at the crossroads of east Spokane, Mead/Peone Valley, East Valley, Mount Spokane, and the Millwood/Argonne corridor.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.2802096
    Latitude
    47.7194153

    Nearby Similar for Sale

    • $990,000
      8,020 SF

      Spokane Commercial Property For Sale

      Commercial property with showroom and easy freeway access in Spokane.
      3626 E Trent Ave, Spokane, WA 99202
      View Details
    • $675,000
      13,386 SF

      South Hill Adult Family Home

      Well-established, income-producing adult family home in a peaceful Spokane neighborhood.
      2214 E 36th Ave, Spokane, WA 99203
      View Details
    • $669,000
      3,016 SF

      South Hill Fourplex on Acreage

      Fourplex with development potential on nearly half an acre.
      1023 W 6th Ave, Spokane, WA 99204
      View Details
    • $525,000
      4,448 SF

      Spokane Ranch Duplex in Indian Trail

      Well-maintained duplex in desirable location with income potential.
      3220 W Francis Ave, Spokane, WA 99205
      View Details
    • $700,000
      16,063 SF

      South Hill Adult Family Home

      Well-established, income-producing adult family home in a peaceful Spokane neighborhood.
      4414 S Helena St, Spokane, WA 99223
      View Details
    • $899,000
      9,000 SF

      Spokane Commercial Flex Space Available

      9,000 SF flex space on 1.88 acres for sale.
      1611 S Geiger Blvd, Spokane, WA 99224
      View Details
    • $1,490,000
      14,896 SF

      Versatile Spokane Commercial Warehouse Space

      15,000 sq ft warehouse with office space in Spokane.
      3303 E Ferry Ave, Spokane, WA 99202
      View Details
    • $1,790,000
      7,950 SF

      Spokane 10-Unit Apartment Building

      Turn-key investment opportunity: 10-unit apartment near NorthTown Mall.
      6511 N Atlantic St, Spokane, WA 99208
      View Details
    • $225,000
      1,200 SF

      Spokane Garage Lodge Automotive Space

      Automotive space with lift, clubhouse access, near Hwy 2.
      1551 Deer Heights Rd, Spokane, WA 99224
      View Details
    • $365,000
      2,608 SF

      Versatile Church Property on Corner

      Church property with development potential on a large corner lot.
      4315 N Evergreen Rd, Spokane, WA 99216
      View Details
    • $995,000
      4,234 SF

      Student Rental Property Near Gonzaga

      Turnkey investment property with secured leases near Gonzaga University.
      303 E Augusta Ave, Spokane, WA 99207
      View Details
    • $450,000
      3,240 SF

      South Hill Triplex Investment Opportunity

      Well-maintained triplex with updated units and income potential.
      3112 E 29th Ave, Spokane, WA 99223
      View Details

    FAQs

    What type of property is this?
    Land - 5+ acres with high visibility on Argonne Road corridor.
    Where is this land located?
    The property is located at NKA Argonne-Bigelow Gulch Rd Spokane, WA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: 5+ acre parcel with Argonne Road frontage in high‑traffic area (21k+ vehicles daily); Zoned Rural 5 with 45+ permitted uses for development potential; Ideal for building a home, farm, or home‑based business
    (509) 747-1051
    We can help!
    Listing Contact
    Brian Zapotocky
    Real Estate License ID: 128519
    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
    NKA Argonne-Bigelow Gulch Rd, Spokane, WA 99217
    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!