Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bigelow Gulch Rd Spokane, WA 99217
    Back to Search
    Property profile & analytics

    Bigelow Gulch Rd, Spokane, WA 99217

    View on Map
    • Land
    • 17.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bigelow Gulch Rd

    Lot size
    17.84 lot acres
    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional 17.84-acre (±777,110 square feet) parcel, located at E Bigelow Gulch Rd in Spokane, WA (zip code 99217), presents a remarkable multifamily development opportunity. The property, identified by APN 36352.9043, is zoned MDR and offers the potential to construct up to 220 multifamily residential units. Its strategic location provides convenient access to essential amenities, including nearby grocery stores, shopping centers, and various services. Furthermore, the property benefits from excellent connectivity via the new North/South freeway and the recently completed Bigelow Road, ensuring easy access to both the north side of Spokane and the valley. Public transportation is also readily available with a nearby bus route. All necessary utilities are available on-site. The asking price for this expansive land parcel is $2,850,000. This represents a significant investment opportunity in a rapidly growing area of Spokane. Detailed zoning information and development plans can be provided upon request. Don't miss this chance to acquire a substantial tract of land with exceptional development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.347
    Latitude
    47.7151

    Comparable in this City

    • Value Estimation by Request
      1,156 SF

      3609 Olympic Ave

      APARTMENT HOUSE (5+ UNITS)
      3609 Olympic Ave, Spokane, WA 99217-6647
      View Details
    • Value Estimation
      $1,055,000
      546 SF

      2003 Lyons Ave

      APARTMENT HOUSE (5+ UNITS)
      2003 Lyons Ave, Spokane, WA 99217-7517
      View Details
    • Value Estimation
      $1,055,000
      546 SF

      1911 Lyons Ave

      APARTMENT HOUSE (5+ UNITS)
      1911 Lyons Ave, Spokane, WA 99217-7525
      View Details
    • Value Estimation
      $1,510,000
      7,364 SF

      5008 Buckeye Ave

      APARTMENT HOUSE (5+ UNITS)
      5008 Buckeye Ave, Spokane, WA 99217-7409
      View Details
    • Value Estimation
      $1,100,000
      2,000 SF

      2824 Everett Ave

      APARTMENT HOUSE (5+ UNITS)
      2824 Everett Ave, Spokane, WA 99217-5095
      View Details
    • Value Estimation
      $1,275,000
      5,790 SF

      4707 Upriver Dr

      HIGH-RISE APARTMENTS
      4707 Upriver Dr, Spokane, WA 99217-7365
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,898 SF

      Spokane Investment Opportunity

      9-unit studio apartment building plus a single-family residence.
      5012 N Regal St, Spokane, WA 99217
      View Details
    • Contact for pricing

      Spokane Land For Sale

      Land available for sale in Spokane, Washington.
      N Rebecca St, Spokane, WA 99217
      View Details
    • $599,900
      2,912 SF

      Spokane Fourplex: Investment Opportunity

      Well-maintained fourplex with updated interiors and strong rental income.
      2927 E Olympic Ave, Spokane, WA 99217
      View Details
    • Contact for pricing

      Land For Sale Spokane

      Land available for purchase in Spokane, Washington.
      6411 N Freya St, Spokane, WA 99217
      View Details
    • $295,000
      1,802,513 SF

      Spokane Land with Panoramic Views

      41+ acres of rolling hills and forest trails near Spokane.
      172-xx East Frederick Rd, Spokane, WA 99217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,255 SF

      Fenced Light Industrial Land

      20,255 SF fenced land for lease in Spokane.
      1716 E Houston Ave, Spokane, WA 99217
      View Details
    • Contact for pricing

      Heavy Industrial Rail Served Land

      170.54 acres of heavy industrial land available for lease.
      2111 E Hawthorne Rd, Spokane, WA 99217
      View Details
    • Contact for pricing

      Available Land for Lease

      4.75 acre lot for lease in Spokane, WA.
      3701 E Francis Ave, Spokane, WA 99217
      View Details
    • Contact for pricing

      Fenced Storage Yard For Rent

      Commercial land with great access and future development potential.
      2425 E Magnesium Rd, Spokane, WA 99217
      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.
    Bigelow Gulch Rd
    Spokane, WA 99217
    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
    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!