Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18404 Garland Ave Spokane Valley, WA 99216
    Back to Search
    Property profile & analytics

    18404 Garland Ave, Spokane Valley, WA 99216

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 18404 Garland Ave

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    Selkirk Industrial Park offers exceptional office and warehouse space for lease in Spokane Valley, WA. Located at 18404 E Garland Ave, 99216, this prime location provides easy access to major transportation routes. The property features multiple tenancy options within a newly constructed facility and two additional buildings designed for immediate occupancy. The available spaces cater to a variety of business needs, encompassing executive office suites, traditional office spaces, and substantial warehouse areas. This development presents a unique opportunity for businesses seeking modern, efficient, and well-designed facilities in a thriving industrial park. The buildings boast high-quality construction and are designed to meet the demands of today's businesses. Whether your company requires a small executive office or a large-scale warehouse operation, Selkirk Industrial Park offers flexible and adaptable spaces to accommodate your specific requirements. Contact us today to learn more about the available units and to schedule a viewing. This is a rare opportunity to secure premium commercial space in a rapidly developing area of Spokane Valley. The property's strategic location and modern design make it an ideal choice for businesses seeking a competitive edge. Don't miss out on this chance to establish your business in a premier location.

    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
    -117.155
    Latitude
    47.6931

    Comparable in this City

    • Value Estimation by Request
      135,472 SF

      Trent Ave Between Sullivan Rd And Barker Rd

      Refrigerated & Cold Storage
      0 Trent Ave Between Sullivan Rd And Barker Rd, Spokane Valley, WA 99216
      View Details
    • Value Estimation by Request
      2.50 Acres

      19407 Garland Ave

      Distribution properties
      19407 Garland Ave, Spokane Valley, WA 99216
      View Details
    • Value Estimation
      $5,495,000
      108,605 SF

      16927 Euclid Ave

      DISTRIBUTION WAREHOUSE
      16927 Euclid Ave, Spokane Valley, WA 99216-1822
      View Details
    • Value Estimation
      $610,000
      9,000 SF

      12322 1st Ave Ste A

      DISTRIBUTION WAREHOUSE
      12322 1st Ave Ste A, Spokane Valley, WA 99216-0786
      View Details
    • Value Estimation by Request
      3,000 SF

      17207 Dalton Ave

      DISTRIBUTION WAREHOUSE
      17207 Dalton Ave, Spokane Valley, WA 99216-1705
      View Details
    • Value Estimation by Request
      4,200 SF

      13504 Sprague Ave

      DISTRIBUTION WAREHOUSE
      13504 Sprague Ave, Spokane Valley, WA 99216-0808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spokane Valley Office/Warehouse Space

      Functional office and warehouse space in Spokane Valley industrial area.
      15909 East Marietta Ave, Spokane Valley, WA 99216
      View Details
    • $1,275,000

      Spokane Valley Retail Opportunity

      Prime location with high traffic and development potential.
      14909 E Sprague Ave, Spokane, WA 99216
      View Details
    • Contact for pricing
      2,400 SF

      Spokane Valley Warehouse with Bays

      2400 SF warehouse with four bays and high visibility.
      13217 E Trent Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Industrial Property

      Industrial property with shop space, offices, and expansion potential.
      3315 N Tschirley Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      2,400 SF

      Spokane Valley Warehouse with Bays

      2400 SF warehouse with four bays on Trent.
      13217 E Trent Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Sprague Avenue Frontage Opportunity

      2.03 acre site with retail, office, and warehouse space.
      14909 E Sprague Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      67,500 SF

      67,500 SF Industrial Building

      67,500 SF industrial building available for rent.
      18412 Garland Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Premier Business Campus For Lease

      Prestigious campus with natural surroundings, enhancing employee productivity.
      12410 E Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Warehouse Space Available

      16,000 SF warehouse space with office and easy access.
      3808 N Sullivan Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Warehouse and Office

      Functional warehouse and office space in Spokane Valley industrial area.
      15909 E Marietta Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      81,322 SF

      Spokane Valley Industrial Space Available

      81,322 SF industrial building for sublease in Spokane Valley.
      16125 E Euclid Ave, Spokane Valley, WA 99216
      View Details
    • $0.60 SF/Yr

      Warehouse Space for Lease

      Warehouse-style space available for industrial storage and distribution operations in Spokane Valley.
      3808 North Sullivan Rd, Spokane Valley, WA 99216
      View Details
    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.
    18404 Garland Ave
    Spokane Valley, WA 99216
    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
    18404 Garland Ave, Spokane Valley, WA, 99216
    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!