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    12402 E Broadway Ave Spokane Valley, WA 99216
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    Property profile & analytics

    12402 E Broadway Ave Spokane Valley, WA 99216

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    • Commercial real estate
    • 10,250 SF
    For Sale
    $1,550,000
    View Listing →
    Spokane Valley Townhome Units For Sale
    $1,550,000
    1,871 SF

    Spokane Valley Townhome Units

    Five modern townhome units in Spokane Valley location.

    12402 E Broadway Ave, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-2418104
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12402 E Broadway Ave

    Year built
    2020
    Property size
    10,250 SF
    Property type
    Commercial real estate
    APN
    45153.0418

    Description

    This exceptional five-unit townhouse complex, built in 2020 and renovated in 2021, presents a lucrative investment opportunity in Spokane Valley, WA. Located at 12402 E Broadway Ave, 99216, this Class A property boasts a total of 10,250 square feet on a spacious 24,174 square foot lot. Each of the five townhouses features three bedrooms and three bathrooms, offering deluxe oversized living spaces with upgraded finishes. The property's central location provides easy access to a variety of amenities. The asking price is $2,150,000, translating to $209.76 per square foot and $224.39 per square foot for the land value. The property is zoned CMU, offering flexibility for potential uses. This well-maintained property is ideal for investors seeking a newer investment property, eliminating the costs and delays associated with new development. The property's high-quality construction and desirable location make it an excellent choice for long-term rental income or short-term rentals such as Airbnb. The single building, two-story structure is a turnkey investment ready for immediate income generation. APN: 45153.0418.

    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 Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.23767537636
    Latitude
    47.664352040361

    Comparable in this City

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      Spokane Valley Multifamily Investment Opportunity

      High-traffic, income-generating property with multi-use zoning in Spokane Valley.
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      Spokane Valley Duplex For Sale

      Two-level duplex with basement, large backyard, ample parking.
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      Spokane Valley Duplex For Sale

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      Spokane Valley Extended Stay Hotel

      112-key extended stay hotel with repositioning potential.
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      Spokane Valley Duplex with Garages

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    • $1,550,000

      Spokane Valley Townhome Units

      Five modern townhome units in Spokane Valley location.
      12402 E Broadway Ave, Spokane Valley, WA 99216
      View Details
    • $850,000
      0.73 Acres

      High-Traffic Spokane Valley Investment Property

      High-visibility, income-generating property with multi-use zoning along I-90.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • $699,900
      3,000 SF

      Spokane Valley Multifamily Property

      Multifamily property near Mission Park with ample parking.
      10811 E Mission Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

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      Spokane Valley Retail Space for Sale

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      Retail Building with Car Bays

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      Spokane Valley Office Space

      Office space available for rent in Spokane Valley, Washington.
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      Spokane Valley Warehouse and Office

      Functional warehouse and office space in Spokane Valley industrial area.
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      Premier Business Campus For Lease

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      3.64 Acres Commercial Land Available

      Commercial land for lease with easy I-90 access.
      12300 E Sprague Ave, Spokane Valley, WA 99216
      View Details
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    Spokane Valley, WA 99216
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    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.

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