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

    Spokane Tbd Off My Ln Spokane, WA 99217

    • Land
    • 15.04 lot acres
    For Sale
    View listing
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Spokane Tbd Off My Ln

    Lot size
    15.04 lot acres
    Property type
    Land

    Description

    This exceptional 15.04-acre commercial land parcel in Spokane, Washington (zip code 99217), presents a unique opportunity for development. Located off My Ln, Spokane, WA, this gently sloping property boasts beautiful trees and a gated private road for exclusive access. Several areas have already been cleared, providing ideal building sites. The property includes an older cabin (fixer-upper) and existing Inland Power infrastructure. Water sites have been pre-determined for efficient well drilling. Selective tree removal will reveal breathtaking views. Enjoy the tranquility of nature while remaining conveniently close to urban amenities. A short 15-minute drive connects you to the Valley Mall area, and Mount Spokane is also easily accessible. This is the last available lot in this secluded community, offering a rare chance to create a truly exceptional property. The property is zoned for commercial use. Utilities and sewer information are available upon request. Nearby schools include Trentwood Elementary, East Valley Middle, and East Valley High.

    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
    -117.174
    Latitude
    47.7536

    Comparable in this City

    • Value Estimation by Request
      36,590 SF

      4312 Joseph Ave

      Land • 36,590 SF
      4312 Joseph Ave, Spokane, WA 99217
      View Details
    • Value Estimation by Request

      Market St

      Land
      0 Market St, Spokane, WA 99217
      View Details
    • Value Estimation by Request

      1800 Lyons Ave

      Land
      1800 Lyons Ave, Spokane, WA 99217
      View Details
    • Value Estimation by Request
      17.84 Acres

      Bigelow Gulch Rd

      Multifamily properties • 17.84 Acres
      0 Bigelow Gulch Rd, Spokane, WA 99217
      View Details
    • Value Estimation by Request

      3724 Bismark Ave

      Land
      3724 Bismark Ave, Spokane, WA 99217
      View Details
    • Value Estimation
      $7,955,000
      80,000 SF

      4912 Buckeye Ave

      COMMERCIAL (GENERAL) • 80,000 SF
      4912 Buckeye Ave, Spokane, WA 99217
      View Details

    Similar Nearby for Sale

    • $175,000

      Industrial Land: Spokane, WA

      20,250 SF Industrial Lot - $175K
      3724 Bismark Ave, Spokane, WA 99217
      View Details
    • $275,000
      15.04 Acres

      Spokane Commercial Land: 15 Acres

      Prime Spokane acreage, build your dream!
      Spokane Tbd Off My Ln, Spokane, WA 99217
      View Details
    • Contact for pricing
      130,680 SF

      Land Available in Spokane, WA

      Land for sale at 5415 S Regal St, Spokane, WA.
      5415 S Regal St, Spokane, WA 99217
      View Details
    • $2,850,000
      17.84 Acres

      Spokane Multifamily Development Opportunity

      17.84-acre prime land, 220 units allowed.
      0 Bigelow Gulch Rd, Spokane, WA 99217
      View Details
    • Contact for pricing

      Spokane Land For Sale

      Land available in Spokane, Washington.
      Bigelow Gulch Rd, Spokane, WA 99217
      View Details
    • $2,850,000

      17.84 Acres Multifamily Development Land

      17.84 acres of land suitable for multifamily development.
      Hillyard, Spokane, WA 99217
      View Details

    Similar Nearby for Lease

    • $15,681 /Mo
      958,320 SF

      Magnesium Yard: Industrial Land for Sale

      Acreage for Lease, Heavy Industrial Zoning
      2425 Magnesium Rd, Spokane, WA 99217
      View Details
    • Contact for pricing

      Freya Street Industrial Land

      1.66 acre industrial land for lease in Spokane, WA.
      3624 E Dalke Ave, Spokane, WA 99217
      View Details
    • 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

      4.75 Acres Light Industrial Land

      4.75 acres of light industrial land for lease.
      3701 E Francis Ave, Spokane, WA 99217
      View Details
    • Contact for pricing

      Corner Lot in Opportunity Zone

      0.92 acre corner lot in a Qualified Opportunity Zone.
      4104 E Nebraska Ave, Spokane, WA 99217
      View Details
    • Contact for pricing
      1,225 SF

      Retail Space on Market Street

      Retail space available for lease on North Market Street.
      4801-4811 N Market St, 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.
    Spokane Tbd Off My Ln
    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

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