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

    16715 Trent Ave Spokane Valley, WA 99216-2500

    • Office buildings
    • 1,092 SF
    • 7.28 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2022
    $9,275,000
    Value Estimations
    $8,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1210008
    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

    • StorageMart / Self-Storage Facility / Moving And Storage Service

    Property Details for 16715 Trent Ave

    Year built
    2017
    Lot size
    7.28 lot acres
    Property size
    1,092 SF
    Property type
    Office buildings
    APN
    45011.9044
    APU
    450119044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,445,000
      ML approach
      $7,325,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.178
    Latitude
    47.6973
    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
    $65,447
    $634,300
    $6,152,500
    $6,786,800
    -
    $634,300
    $6,152,500
    $6,786,800

    Comparable in this City

    • Value Estimation
      $1,570,000
      9,676 SF

      15807 Indiana Ave

      OFFICE BUILDING • 9,676 SF
      15807 Indiana Ave, Spokane Valley, WA 99216-1864
      View Details
    • Value Estimation
      $3,330,000
      40,300 SF

      15912 Marietta Ave

      OFFICE BUILDING • 40,300 SF
      15912 Marietta Ave, Spokane Valley, WA 99216-1852
      View Details
    • Value Estimation by Request
      500 SF

      13314 Nora Ave

      PROFESSIONAL BUILDING • 500 SF
      13314 Nora Ave, Spokane Valley, WA 99216-1360
      View Details
    • Value Estimation by Request
      150 SF

      12701 Sprague Ave

      PROFESSIONAL BUILDING • 150 SF
      12701 Sprague Ave, Spokane Valley, WA 99216-0727
      View Details
    • Value Estimation
      $530,000
      3,907 SF

      2602 Sullivan Rd

      OFFICE BUILDING • 3,907 SF
      2602 Sullivan Rd, Spokane Valley, WA 99216-1803
      View Details
    • Value Estimation by Request
      1,371 SF

      2310 Cherry St

      OFFICE BUILDING • 1,371 SF
      2310 Cherry St, Spokane Valley, WA 99216-1152
      View Details

    Similar Nearby for Sale

    • $1,900,000
      5,300 SF

      Spokane Valley Commercial Property

      Commercial property with office, shop, and event center buildings.
      9230 E Mission Ave, Spokane Valley, WA 99216
      View Details
    • $7,400,000
      27,668 SF

      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
    • New
      $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
    • $975,000
      4,846 SF

      Spokane Valley Office Building For Sale

      Historic Office Building, 4,846 SF
      323 Pne Rd, Spokane Valley, WA 99216
      View Details
    • $600,000
      4,308 SF

      Prime Office/Retail Space Available

      Ground floor office/retail space with high traffic and accessibility.
      6607 E Broadway Ave, Spokane Valley, WA 99216
      View Details
    • New
      $850,000
      3,328 SF

      Spokane Valley Multi-Use Investment Property

      High-traffic, income-generating property with diverse development potential in Spokane Valley.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      41,000 SF

      Mirabeau Parkway Office Space

      Prime Office Suites, Flexible Sizes, Class A
      12610 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $24 SF/Yr
      42,660 SF

      Spokane Valley Executive Office Space

      Prime location, 21,753 sq ft available
      12939 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $20 SF/Yr
      1,363 SF

      Spokane Valley Office Space Available

      Office space available for lease in Spokane Valley, Washington.
      12615 E Mission Ave, Spokane Valley, WA 99216
      View Details
    • $13 SF/Yr
      25,800 SF

      Mirabeau Parkway Office Complex

      Prime Spokane County Office/Industrial Space
      12410 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $9 SF/Yr
      6,249 SF

      Spokane Valley Office Space

      Flexible workspace solutions in Spokane Valley.
      0 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $25 SF/Yr
      2,230 SF

      Modern Office Space Available

      New office building with tenant improvement allowance and excellent parking.
      16009 East Indiana Ave, Spokane Valley, WA 99216
      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.
    16715 Trent Ave
    Spokane Valley, WA 99216-2500
    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.