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    9608 Montgomery Ave Spokane Valley, WA 99206
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    9608 Montgomery Ave Spokane Valley, WA 99206

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    • Warehouses
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Second Nature Dental Lab / Dental Office
    • Spokane Signs & Banners / Marketing & Advertising / Advertising Agency
    • Mountain Inspection Services, Inc. / Corporate Office
    • Inland Business Products / (Bike/Boat/Book/etc) Store
    • Dr. Eugene Pester / Dental Office

    Property Details for 9608 Montgomery Ave

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    Argonne Commercial Center offers exceptional light industrial warehouse space for lease in Spokane County. This multi-tenant property currently has two available units, providing flexible options for businesses seeking efficient and functional space. One unit offers 1,000 square feet, while the second unit provides 1,533 square feet. Both units are situated within a larger industrial complex, benefiting from the shared infrastructure and security typically associated with such developments. The property is zoned for industrial use, ensuring compatibility with a wide range of businesses. The available spaces are ideal for various operations, from storage and distribution to light manufacturing or assembly. The precise layout and features of each unit can be provided upon request, allowing potential tenants to assess their suitability for specific operational needs. This prime location in Spokane County offers easy access to major transportation routes, facilitating efficient logistics and distribution. Interested parties are encouraged to inquire promptly to secure their preferred space within this sought-after industrial complex. The property is ready for immediate occupancy, providing a seamless transition for businesses seeking to expand or relocate. Contact us today to schedule a viewing and discuss your specific requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.276
    Latitude
    47.6786

    Comparable in this City

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      95,680 SF

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      25,120 SF

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      Distribution properties • 25,120 SF
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    • Value Estimation
      $945,000
      14,112 SF

      11402 Montgomery Dr

      DISTRIBUTION WAREHOUSE • 14,112 SF
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    • Value Estimation by Request
      6,810 SF

      10010 Montgomery Ave

      DISTRIBUTION WAREHOUSE • 6,810 SF
      10010 Montgomery Ave, Spokane, WA 99206
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    • Value Estimation
      $17,505,000
      400,625 SF

      11016 Montgomery Dr

      DISTRIBUTION WAREHOUSE • 400,625 SF
      11016 Montgomery Dr, Spokane Valley, WA 99206-6146
      View Details

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      Spokane Valley Flex Space Available

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      Spokane Valley Industrial Property Rental

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      Spokane Valley Warehouse Space

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      Spokane Valley Flex Space Available

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      9922 E Montgomery Dr, Spokane Valley, WA 99206
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    Spokane Valley, WA 99206
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    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.

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