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    Property profile & analytics

    16114 Indiana Ave Spokane Valley, WA 99216

    • Office buildings
    • 7,060 SF
    • 1.07 lot acres
    For Lease
    View listing
    $32,400
    Value Estimation
    $3,825,000
    Last Sale
    Jun 30, 2022
    $4,624,000
    Location Intelligence
    Property ID
    US90-0084207
    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

    • Schroeder Business Coaching, Inc. / Business Management Consultant
    • CPA Accountant Tax Group / Accountant
    • Aho Construction / Contractor
    • CID Design Group / Interior Designer
    • Cody Brown / Psychologist / Counselor

    Property Details for 16114 Indiana Ave

    Year built
    2003
    Lot size
    1.07 lot acres
    Property size
    7,060 SF
    Property type
    Office buildings
    APN
    45132.0409
    APU
    451320409

    Description

    This 1,332 square foot office suite is located in Spokane Valley, WA, within the prestigious Centennial building (APN 45132.0409). Situated on the third floor, this Class A space offers several private offices and a conference room, all featuring large glass windows providing ample natural light. The building, constructed in 2003, boasts a total of 21,180 square feet across three stories, and includes 63 parking spaces and elevator access for convenient client and employee access. This traditional office space is also suitable for medical or executive office uses. The property is located at 16114 E Indiana Ave, Spokane Valley, WA 99216, offering exceptional visibility due to its frontage on the I-90 freeway, ensuring high business exposure. The location provides easy access to both Spokane and Coeur d'Alene. This listing is for a subtenant arrangement, sharing the space with an existing tenant. The 1.07-acre site is part of a single-building complex. This is a multiple-tenancy building.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,210,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,545,000
      6.5%
      $5,005,000
      7%
      $4,795,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,755,000
      Geo Method
      $5,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,210,000
      Retail
      $4,280,000
      Mixed-Use
      $4,645,000
      Hospitality
      $4,865,000
      Educational
      $4,565,000
      Residential Income
      $5,680,000
      Energy
      $4,785,000
      Income-Based Land
      $4,275,000
      Food Service
      $4,980,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.188
    Latitude
    47.6681
    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
    $26,934
    $466,090
    $2,335,500
    $2,801,590
    -
    $466,090
    $2,335,500
    $2,801,590

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    16114 Indiana Ave
    Spokane Valley, WA 99216
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    Realmo Value Estimation

    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.

    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.

    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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