Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10221 Montgomery Dr Spokane Valley, WA 99206-4240
    Property profile & analytics

    10221 Montgomery Dr Spokane Valley, WA 99206-4240

    View on Map
    • Commercial real estate
    • 9,940 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US90-1470096
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Homescapes / Electronics & Wireless Store
    • Silvey Construction, Inc. / Construction Company
    • Canyon Creek Spokane Builder's Service Center / Industrial Manufacturer / Production Facility

    Property Details for 10221 Montgomery Dr

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    9,940 SF
    Property type
    Commercial real estate
    APN
    45081.0827
    APU
    450810827

    Description

    This exceptional Spokane Valley industrial property, located at 10221 E Montgomery Dr, 99206, offers a versatile flex space ideal for a variety of businesses. The single, two-story building, constructed in 1996, boasts a total of 9,940 square feet situated on a spacious 22,436 square foot lot. Currently, a 2,784 square foot unit is available for lease. This unit features a well-designed layout with approximately 1,056 square feet of warehouse space and 1,728 square feet of office space distributed across two floors, each floor offering approximately 864 square feet. The warehouse area benefits from a 16-foot clear height ceiling and a 12x14 overhead door, providing ample space for storage and operations. The office space is suitable for administrative functions. The property is served by single-phase 200-amp power. Utilities and janitorial services are separately metered and paid by the tenant. This property presents a unique opportunity to establish a presence in a thriving Spokane Valley location. The convenient access and ample space make this an attractive option for businesses seeking a functional and efficient workspace. Inquire today to learn more about this exceptional flex space opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $905,000
      Market price range: $808k - $2.13M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.267
    Latitude
    47.6809
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,608
    $44,870
    $752,300
    $797,170
    -
    $44,870
    $752,300
    $797,170

    Comparable in this City

    • Value Estimation
      $2,790,000
      30,848 SF

      3905 Dishman Mica Rd

      COMMERCIAL (GENERAL) • 30,848 SF
      3905 Dishman Mica Rd, Spokane Valley, WA 99206-9633
      View Details
    • Value Estimation
      $6,680,000
      74,290 SF

      10102 Knox Ave

      COMMERCIAL (GENERAL) • 74,290 SF
      10102 Knox Ave, Spokane Valley, WA 99206-4146
      View Details
    • Value Estimation
      $7,120,000
      101,920 SF

      9910 Appleway Ave

      COMMERCIAL (GENERAL) • 101,920 SF
      9910 Appleway Ave, Spokane Valley, WA 99206
      View Details
    • Value Estimation
      $695,000
      6,100 SF

      11617 Trent Ave

      COMMERCIAL (GENERAL) • 6,100 SF
      11617 Trent Ave, Spokane Valley, WA 99206-4634
      View Details
    • Value Estimation
      $735,000
      4,320 SF

      11420 Montgomery Dr

      SHOW ROOM, WAREHOUSE • 4,320 SF
      11420 Montgomery Dr, Spokane Valley, WA 99206-7621
      View Details
    • Value Estimation
      $870,000
      9,824 SF

      2625 Felts Rd

      COMMERCIAL (GENERAL) • 9,824 SF
      2625 Felts Rd, Spokane Valley, WA 99206-6088
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,419 SF

      Prime Retail Space on Mullan

      Retail space available in high-traffic Spokane Valley location.
      1300-1312 N Mullan Rd, Spokane, WA 99206
      View Details
    • $1,700,000
      2.81 Acres

      Spokane Commercial Land For Sale

      2.81 acres zoned Corridor/Mixed Use in Spokane, Washington.
      10300 E Appleway Blvd, Spokane, WA 99206
      View Details
    • $965,000
      1,228 SF

      Spokane Valley Mixed-Use Opportunity

      Two parcels with commercial building and home on 0.95 acres.
      11619 Trent Ave, Spokane, WA 99206
      View Details
    • $189,600
      0.25 Acres

      Spokane Valley Quarter-Acre Lots

      Spacious quarter-acre lots in established Spokane Valley neighborhood.
      E 27Th Ave, Spokane Valley, WA 99206
      View Details
    • $189,600
      0.25 Acres

      Spokane Valley Land Opportunity

      Quarter-acre lots available in established Spokane Valley neighborhood.
      E 27Th Ave, Spokane Valley, WA 99206
      View Details
    • $379,900
      26,572 SF

      Corner Lot in Spokane Valley

      0.61 acre corner lot ready for development.
      11504 East Broadway Ave, Spokane Valley, WA 99206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Spokane Valley

      Retail space available in Spokane Valley with high traffic volume.
      11530 E Sprague Ave, Spokane Valley, WA 99206
      View Details
    • $22 SF/Yr
      7,617 SF

      Retail Space on Broadway Avenue

      Retail space available for lease on Broadway Avenue.
      16001 E Broadway Ave, Spokane, WA 99206
      View Details
    • Contact for pricing

      Fenced Yard for Lease

      Fenced yard available for lease.
      9609 E Montgomery Ave, Spokane Valley, WA 99206
      View Details
    • Contact for pricing
      1,700 SF

      Spokane Valley Sub-Level Office Space

      Sub-level office space in Spokane Valley, easily accessible.
      12111-12121 E Mission Ave, Spokane, WA 99206
      View Details
    • Contact for pricing

      South Valley Build to Suit

      One acre site for retail, office, or light manufacturing.
      4019 S Bowdish Rd, Spokane, WA 99206
      View Details
    • Contact for pricing

      Retail Pad Site For Rent

      Commercial land for rent near Sprague and Bowdish corner.
      11520 E Sprague Ave, Spokane Valley, WA 99206
      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.
    10221 Montgomery Dr
    Spokane Valley, WA 99206-4240
    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
    10221 Montgomery Dr, Spokane Valley, WA, 99206
    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!