Add Listing
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

    17018 Sprague Ave Spokane, WA

    • Warehouses
    • 5,000 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2216974
    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

    • Warehouses

    Property Details for 17018 Sprague Ave

    Year built
    2018
    Lot size
    0.45 lot acres
    Property size
    5,000 SF
    Property type
    Warehouses
    APN
    45241.9003
    APU
    452419003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.175
    Latitude
    47.6566
    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
    $4,378
    $98,550
    $335,100
    $433,650
    -
    $98,550
    $335,100
    $433,650

    Comparable in this City

    • Value Estimation
      $25,650,000
      250,615 SF

      20th St

      WAREHOUSE, STORAGE • 250,615 SF
      20th St, E, WA
      View Details
    • Value Estimation by Request
      567 SF

      21607 Mtn Hwy Hwy

      MINI-WAREHOUSE, STORAGE • 567 SF
      21607 Mtn Hwy Hwy, Eh-30, WA
      View Details
    • Value Estimation
      $6,525,000
      68,400 SF

      SW

      WAREHOUSE, STORAGE • 68,400 SF
      SW, 41st St, WA
      View Details
    • Value Estimation
      $1,265,000
      14,800 SF

      S

      MINI-WAREHOUSE, STORAGE • 14,800 SF
      S, Meridian, WA
      View Details
    • Value Estimation
      $2,765,000
      34,204 SF

      142nd Ave

      MINI-WAREHOUSE, STORAGE • 34,204 SF
      142nd Ave, E, WA
      View Details
    • Value Estimation by Request
      1,970 SF

      Methow Vly Hwy

      MINI-WAREHOUSE, STORAGE • 1,970 SF
      Methow Vly Hwy, N, WA
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,221 SF

      Agricultural Building with Rail Spur

      9,221 SF agricultural building on 2.97 acres with rail.
      17413 Hwy 20, Burlington, WA
      View Details
    • Contact for pricing
      22,663 SF

      Tumwater Warehouse with Office Space

      22,663 SF warehouse with office and lay down yard.
      2950 32 Ave SW, Tumwater, WA
      View Details
    • Contact for pricing
      38,000 SF

      Versatile Warehouses Near Microsoft Project

      Warehouses with development potential near upcoming Microsoft project.
      623 Goose Rock Ln, Malaga, WA
      View Details
    • Contact for pricing

      Improved Greenhouses and Warehouse Space

      89,000 SF greenhouses, warehouse, and heated storage on multiple parcels.
      38570 North/Devils Gap Rd/Angels Lndg, Ford, WA
      View Details
    • Contact for pricing
      16,000 SF

      Two Light Industrial Warehouses

      Two 8,000 SF light industrial warehouses in Tumwater, WA.
      2407 50 Ave SW, Tumwater, WA
      View Details
    • Contact for pricing
      369,024 SF

      Bonney Lake Warehouse Opportunity

      369,024 SF warehouse on 20.31 acres in Bonney Lake.
      Falling Water Blvd E, Bonney Lake, WA
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr
      7,200 SF

      Tumwater Warehouse with Yard Storage

      1,625 SF warehouse with drive-in door and yard.
      2775 29 Ave SW, Tumwater, WA
      View Details
    • Contact for pricing
      265,922 SF

      Des Moines Warehouse Space Available

      265,922 SF warehouse space in Des Moines, Washington.
      21202 24 Ave S, Des Moines, WA
      View Details
    • Contact for pricing
      68,948 SF

      Redmond Warehouse Space Available

      68,948 square foot warehouse space for rent in Redmond.
      6990 188 Ave Northeast, Redmond, WA
      View Details
    • Contact for pricing
      174,254 SF

      SeaTac New Development Warehouse Space

      Up to 174,254 SF available for corporate headquarters, distribution, warehousing.
      1410 S 200 St, Seatac, WA
      View Details
    • Contact for pricing
      73,722 SF

      Tukwila Warehouse Space Available

      Available warehouse space with easy access to major transportation routes.
      18391 Cascade Ave S, Tukwila, WA
      View Details
    • Contact for pricing
      1,658 SF

      Belfair Flex Space with Storage

      Heated shop with office, storage, and fenced yard.
      22721 Hwy 3 NE, Belfair, WA
      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.
    17018 Sprague Ave
    Spokane, WA
    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!