Sign Up Successful!
You now have access to more from Realmo!
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

    12109 Broadway Ave Spokane Valley, WA 99206-6133

    • Medical offices
    • 3,128 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Jan 22, 2020
    $710,000
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    7.1%
    Medical offices
    Location Intelligence
    Property ID
    US90-0344296
    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.

    Current Use by Public Records

    • Dr. Diane S. Paxton, DDS / Dentist / Orthodontist
    • Ellingsen Richard C DDS / Orthodontist
    • Northwest Pain Specialists / Pain Control Clinic
    • Spokane Surgery Center / Surgical Center
    • Valley Porta Potty rentals / Portable Toilet Supplier

    Property Details for 12109 Broadway Ave

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    0.18 lot acres
    Property size
    3,128 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    45161.2003
    APU
    451612003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $495,000
      ML approach
      $375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $788,000
      Market price range: $306k - $805k
      AI Estimate
      $354,000
      Market price range: $87.3k - $494k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $635,000
      Current use
      AUTO REPAIR, GARAGE
      $840,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $590,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.242
    Latitude
    47.6652
    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
    $8,324
    $47,560
    $826,900
    $874,460
    -
    $47,560
    $826,900
    $874,460

    Comparable in this City

    • Value Estimation by Request
      3,644 SF

      526 Mullan Rd

      MEDICAL BUILDING • 3,644 SF
      526 Mullan Rd, Spokane Valley, WA 99206-2408
      View Details
    • Value Estimation
      $820,000
      7,761 SF

      1301 Pnes Rd

      MEDICAL BUILDING • 7,761 SF
      1301 Pnes Rd, Spokane Valley, WA 99206-4964
      View Details
    • Value Estimation by Request
      7,362 SF

      11916 Cataldo Ave

      MEDICAL BUILDING • 7,362 SF
      11916 Cataldo Ave, Spokane Valley, WA 99206-6390
      View Details
    • Value Estimation by Request
      3,600 SF

      312 Mullan Rd

      MEDICAL BUILDING • 3,600 SF
      312 Mullan Rd, Spokane Valley, WA 99206-6845
      View Details
    • Value Estimation by Request
      2,806 SF

      100 Pnes Rd

      MEDICAL BUILDING • 2,806 SF
      100 Pnes Rd, Spokane Valley, WA 99206-5117
      View Details
    • Value Estimation by Request
      3,234 SF

      11017 Sprague Ave

      MEDICAL BUILDING • 3,234 SF
      11017 Sprague Ave, Spokane Valley, WA 99206-5247
      View Details

    Similar Nearby for Sale

    • $498,500

      Versatile Live/Work Light Industrial Property

      Light industrial property suitable for live/work or commercial operations.
      10623 E Montgomery Dr, Spokane Valley, WA 99206
      View Details
    • Contact for pricing
      107,708 SF

      Spokane Valley Commercial Property For Sale

      Commercial property in Spokane Valley with ample parking and signage.
      11707 E Sprague Ave, Spokane Valley, WA 99206
      View Details
    • $750,000
      1,368 SF

      Sprague Ave Commercial Property

      Vacant Spokane Valley Office/Retail Space
      11813 Sprague Ave, Spokane Valley, WA 99206
      View Details
    • $6,995,000
      42,661 SF

      Fully Leased Spokane Valley Property

      Fully leased commercial property in Spokane Valley with long-term tenants.
      9317 E Sinto Ave, Spokane Valley, WA 99206
      View Details
    • $1,275,000

      Spokane Valley Industrial Portfolio

      Four Buildings, Fully Leased, High ROI
      11607 Trent Ave, Spokane Valley, WA 99206
      View Details
    • $699,950
      1.45 Acres

      Spokane Valley Land For Sale

      1.45 acre commercial land in Spokane Valley, Washington.
      2714 S Dishman-Mica Rd, Spokane Valley, WA 99206
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      18,873 SF

      Spokane Valley Office Suites Available

      Prime Valley location, two suites, ample parking.
      12121 Mission Ave, Spokane Valley, WA 99206
      View Details
    • $28 SF/Yr
      11,085 SF

      Spokane Valley Medical/Office Space

      Available medical/office space with ample parking and signage.
      721 North Pines Rd, Spokane, WA 99206
      View Details
    • $10 SF/Yr
      22,050 SF

      Spokane Valley Office Space For Lease

      Versatile Office/Flex Space Available
      2205 Woodruff Rd, Spokane Valley, WA 99206
      View Details
    • $17 SF/Yr
      53,965 SF

      Spokane Valley Office Space for Lease

      Modern Offices, Ample Parking, I-90 Access
      1101 Argonne Rd, Spokane Valley, WA 99206
      View Details
    • $1.20 SF/Yr
      481,126 SF

      Spokane Valley Industrial Campus

      Multi-use industrial park, prime location.
      11016 Montgomery Dr, Spokane Valley, WA 99206
      View Details
    • $9 SF/Yr
      95,680 SF

      Montgomery Business Park Warehouse

      Industrial warehouse space available.
      9922 Montgomery 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.
    12109 Broadway Ave
    Spokane Valley, WA 99206-6133
    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.