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    16005 East Euclid Ave Spokane Valley, WA 99216
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    16005 East Euclid Ave Spokane Valley, WA 99216

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    • Outlet malls
    • 80,895 SF
    • 2.60 lot acres
    For Lease
    $0.75 SF/Yr
    View Listing →
    16005 East Euclid Avenue, Spokane Valley, WA 99216 For Lease
    $0.75 SF/Yr

    16005 East Euclid Avenue, Spokane Valley, WA 99216

    Commercial space for rent in Spokane Valley, Washington.

    16005 East Euclid Ave, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-2053787
    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

    • Southern Wine & Spirits / Big Box & Wholesale Store / Distribution Center

    Property Details for 16005 East Euclid Ave

    Year built
    2005
    Lot size
    2.60 lot acres
    Property size
    80,895 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    45122.9169
    APU
    451229169

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,666,000
      Market price range: $5.67M - $19.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.189
    Latitude
    47.6851
    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
    $29,400
    $305,790
    $2,738,400
    $3,044,190
    -
    $305,790
    $2,738,400
    $3,044,190

    Comparable in this City

    • Value Estimation
      $5,780,000
      80,086 SF

      16125 Euclid Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 80,086 SF
      16125 Euclid Ave, Spokane Valley, WA 99216-1853
      View Details
    • Value Estimation
      $3,495,000
      55,000 SF

      16314 Lacrosse Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 55,000 SF
      16314 Lacrosse Ln, Spokane Valley, WA 99216-1636
      View Details
    • Value Estimation
      $2,375,000
      34,944 SF

      12606 Sprague Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 34,944 SF
      12606 Sprague Ave, Spokane Valley, WA 99216-0726
      View Details
    • Value Estimation by Request
      3.35 Acres

      Spokane, WA 99216

      WHOLESALE OUTLET, DISCOUNT STORE • 3.35 Acres
      Spokane, WA 99216
      View Details
    • Value Estimation
      $1,090,000
      2,040 SF

      16208 Lacrosse Ln

      WHOLESALE OUTLET, DISCOUNT STORE • 2,040 SF
      16208 Lacrosse Ln, Spokane Valley, WA 99216-1648
      View Details
    • Value Estimation by Request
      1,000 SF

      13217 Indiana Ct

      WHOLESALE OUTLET, DISCOUNT STORE • 1,000 SF
      13217 Indiana Ct, Spokane Valley, WA 99216-2834
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,186 SF

      Retail Center Anchored by Safeway

      Leased investment opportunity with national tenants Office Depot & Skechers.
      14008-14024 E Sprague Ave, Spokane, WA 99216
      View Details
    • $1,350,000

      Spokane Valley Retail Opportunity

      Prime location with high traffic and development potential.
      14909 E Sprague Ave, Spokane, WA 99216
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    • $850,000
      3,328 SF

      High-Traffic Spokane Valley Investment Property

      Income-generating, multi-use property with high visibility and freeway access.
      13604/06 E Nora 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
    • $280,000
      10,000 SF

      Restaurant Franchise Opportunity Near Mall

      Established restaurant franchise with high sales volume, prime location.
      13910 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $1,200,000
      4,491 SF

      Turn Key Spokane Valley Restaurant

      Turn-key restaurant with FF&E available for sale in Spokane Valley.
      12622 E Sprague Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spokane Valley Mall Retail Pads

      Retail pads available at Spokane Valley Mall.
      14740 E Indiana Ave, Spokane, WA 99216
      View Details
    • Contact for pricing

      Retail Spaces in Valley Plaza

      Newly developed shopping center with retail opportunities and strong traffic.
      13414 E Sprague Ave, Spokane Valley, WA 99216
      View Details
    • $15 SF/Yr
      6,110 SF

      Spokane Valley Retail Space for Sale

      Prime Medical Retail, High Visibility, 6,110 SF
      10 Evergreen Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Retail Building with Car Bays

      Single tenant retail building with car bays for sale/lease.
      14009 E Sprague Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Premier Business Campus For Lease

      Prestigious business park with natural surroundings, enhancing employee productivity.
      12939 E Mirabeau Pkwy, Spokane Valley, WA 99216
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    • Contact for pricing

      Retail Space For Lease

      Retail space available with established anchor tenants.
      14024 E Sprague Ave, Spokane Valley, WA 99216
      View Details
    View Listing
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    16005 East Euclid Ave
    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.

    More about this property
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