Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16009 E Indiana Ave Spokane Valley, WA 99216

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16009 E Indiana Ave Spokane Valley, WA 99216

    View on Map
    • Medical Office Space
    • 13,076 SF
    • 1.55 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Single Tenant Office Space For Lease
    $25 SF/Yr
    2,230 SF

    Single Tenant Office Space

    Office space available for single tenant occupancy.

    16009 E Indiana Ave, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-2706414
    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
    $6,210,000
    Cap Rate Potential
    2.4%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Vivacity Care Center / Medical Clinic
    • Kinwell Primary Care - Spokane Valley / Medical Clinic
    • Sarah Crow / Pediatrician / Physician

    Property Details for 16009 E Indiana Ave

    Year built
    2020
    Lot size
    1.55 lot acres
    Property size
    13,076 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    45132.0315
    APU
    451320315

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,010,000
      ML approach
      $6,135,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,345,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.189
    Latitude
    47.6693
    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
    $59,302
    $675,450
    $5,564,000
    $6,239,450
    -
    $675,450
    $5,564,000
    $6,239,450

    Comparable in this City

    • Value Estimation
      $5,610,000
      58,389 SF

      1112 Mamer Rd

      MEDICAL BUILDING • 58,389 SF
      1112 Mamer Rd, Spokane Valley, WA 99216-1675
      View Details
    • Value Estimation
      $17,175,000
      127,880 SF

      16528 Desmet Ct

      MEDICAL BUILDING • 127,880 SF
      16528 Desmet Ct, Spokane Valley, WA 99216-3522
      View Details
    • Value Estimation
      $545,000
      3,915 SF

      20 Evergreen Rd

      MEDICAL BUILDING • 3,915 SF
      20 Evergreen Rd, Spokane Valley, WA 99216-5083
      View Details
    • Value Estimation
      $730,000
      8,330 SF

      12824 Nora Ave

      MEDICAL BUILDING • 8,330 SF
      12824 Nora Ave, Spokane Valley, WA 99216-1179
      View Details
    • Value Estimation by Request
      4,536 SF

      13607 Sprague Ave

      MEDICAL BUILDING • 4,536 SF
      13607 Sprague Ave, Spokane Valley, WA 99216-0809
      View Details
    • Value Estimation
      $2,535,000
      13,287 SF

      1502 Vercler Rd

      MEDICAL BUILDING • 13,287 SF
      1502 Vercler Rd, Spokane Valley, WA 99216-1078
      View Details

    Similar Nearby for Sale

    • $7,400,000

      Class A Medical Office Building

      Well-maintained medical office building with freeway signage and flexible zoning.
      15920 E Indiana 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
    • $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
    • Contact for pricing

      Spokane Valley Office/Warehouse Space

      Functional office and warehouse space in Spokane Valley industrial area.
      15909 East Marietta Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      42,660 SF

      Spokane Riverfront Office Building

      Office building on the Spokane River, suitable for owner-user.
      12939 E Pinecroft Way, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      4,846 SF

      Converted Office Building For Sale

      Multi-story office building with on-site parking and detached garage.
      323 S Pines Rd, Spokane, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office space available near MultiCare Valley Hospital.
      1303 N Mcdonald Rd, Spokane Valley, WA 99216
      View Details
    • $20 SF/Yr

      Retail/Office Space For Rent

      Retail and office spaces available for lease with high visibility.
      13221 E 32Nd Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Office Space

      Office space available for rent in Spokane Valley, Washington.
      12610 E Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Warehouse and Office

      Functional warehouse and office space in Spokane Valley industrial area.
      15909 E Marietta 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
      View Details
    • Contact for pricing

      Spokane Valley Office Space Available

      Office space available for lease in Spokane Valley, Washington.
      12615 E Mission Ave, Spokane Valley, WA 99216
      View Details
    View Listing
    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.
    16009 E Indiana Ave
    Spokane Valley, WA 99216
    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!