Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Deer Heights Rd Spokane, WA 99224

    • Land
    • 5.24 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Deer Heights Rd

    Lot size
    5.24 lot acres
    Property type
    Land

    Description

    This exceptional 5.24-acre commercial land parcel is located in Spokane County, Washington, at 0 S Deer Heights Rd, Spokane, WA 99224. The property's Assessed Parcel Number (APN) is 25301.0303. Its expansive size presents a significant opportunity for various commercial developments. The land is conveniently situated within Spokane, offering easy access to major transportation routes and established infrastructure. The property's location provides excellent visibility and accessibility for potential businesses. This is a rare opportunity to acquire a substantial tract of commercial land in a thriving Spokane County location. The property is currently for sale and ready for development, making it an ideal investment for those seeking to capitalize on the growing Spokane commercial market. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the development potential and any associated considerations. The geographic coordinates are 47.6421759 latitude and -117.5504995 longitude. This property is zoned for commercial use (verification of zoning with local authorities is recommended). Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.55
    Latitude
    47.6422

    Comparable in this City

    • Value Estimation by Request
      1.69 Acres

      1608 Technology Blvd

      Land • 1.69 Acres
      1608 Technology Blvd, Spokane, WA 99224
      View Details
    • Value Estimation by Request
      2.47 Acres

      1721 Technology Blvd

      Land • 2.47 Acres
      1721 Technology Blvd, Spokane, WA 99224
      View Details
    • Value Estimation by Request
      34.63 Acres

      Technology Blvd

      Land • 34.63 Acres
      0 Technology Blvd, Spokane, WA 99224
      View Details
    • Value Estimation by Request
      1.84 Acres

      1506 Campus Rd

      Land • 1.84 Acres
      1506 Campus Rd, Spokane, WA 99224
      View Details
    • Value Estimation by Request
      1.62 Acres

      8610 Whitman Ave

      Land • 1.62 Acres
      8610 Whitman Ave, Spokane, WA 99224
      View Details
    • Value Estimation by Request
      8.57 Acres

      6400 Thorpe Rd

      Land • 8.57 Acres
      6400 Thorpe Rd, Spokane, WA 99224
      View Details

    Similar Nearby for Sale

    • $600,000

      Spokane Land Parcel For Sale

      5-acre land parcel, potential for residential zoning change.
      5811 S Holly Rd, Spokane, WA 99224
      View Details
    • Contact for pricing
      48.28 Acres

      Spokane Commercial Land - 48 Acres

      Prime Spokane County commercial land.
      9850 21St Ave, Spokane, WA 99224
      View Details
    • Contact for pricing
      5.52 Acres

      Prime Spokane County Commercial Land

      5.52 Acres, Airway Heights, WA
      0 Deer Heights Rd, Spokane, WA 99224
      View Details
    • Contact for pricing
      1.62 Acres

      Spokane Commercial Land - 1.62 Acres

      Prime Spokane commercial land, ideal for development.
      8610 Whitman Ave, Spokane, WA 99224
      View Details
    • $255,000

      Sunset Blvd Development Land

      Spokane, WA: Prime Development Parcels
      2620 Sunset Blvd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Spokane Land For Sale

      Land available for sale in Spokane, Washington.
      9260 21St Ave, Spokane, WA 99224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3 SF

      Airway Heights Commercial Land Opportunity

      Prime Spokane County retail land for lease.
      0 Deer Heights Rd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Spokane Commercial Land for Lease

      1.84 Acres, Prime Spokane Location
      1506 Campus Rd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Spokane County Commercial Land for Lease

      14.48 Acres, Single Tenant Opportunity
      1825 Technology Blvd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Spokane Commercial Land for Lease

      1.91 Acres, Single Tenant Opportunity
      9260 21St Ave, Spokane, WA 99224
      View Details
    • Contact for pricing
      2,905,888 SF

      Spokane Industrial Land Opportunity

      Prime Spokane County acreage for sale or lease.
      0 Technology Blvd, Spokane, WA 99224
      View Details
    • Contact for pricing

      Prime Spokane County Commercial Land

      1.82 Acres, Highway 2 Access
      8508 Whitman Ave, Spokane, WA 99224
      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.
    Deer Heights Rd
    Spokane, WA 99224
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!