Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1715 Manifold Ln Spokane Valley, WA 99016
    Back to Search
    Property profile & analytics

    1715 Manifold Ln Spokane Valley, WA 99016

    View on Map
    • Commercial real estate
    • 5,974 SF
    Off-Market
    Property ID
    US90-1408184
    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

    • Commercial real estate

    Property Details for 1715 Manifold Ln

    Year built
    2023
    Property size
    5,974 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents two brand-new duplexes in Spokane Valley, WA, totaling four units. Built in 2023, these properties boast a combined 5,974 square feet and are situated on a private, dead-end street. Each duplex offers a unique layout: one is a three-bedroom, two-bathroom ranch-style unit, while the other is a three-bedroom, two-and-a-half-bathroom two-story design. All units feature modern finishes, including stainless steel appliances, hard surface counters, in-unit washer/dryers, Huntwood cabinets, and low-maintenance LVP flooring. The primary suites are generously sized, complete with walk-in closets and private bathrooms. Attached garages provide convenient parking. Currently, three units are rented, generating strong monthly income at varying rates ($2295, $2595, $2295), with one vacant unit projected to rent for $2400. Landscaping will be completed before closing. This is an ideal, low-maintenance multi-family investment, perfect for adding to an existing portfolio. The asking price is $1,550,000, representing a price per unit of $387,500 and a price per square foot of $259.46. The property is located at 1715 N Manifold Ln, Spokane Valley, WA 99016. Note that additional duplexes are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.1678414
    Latitude
    47.67279

    Comparable in this City

    • $6,000,000
      24,314 SF

      New Construction Apartment Buildings

      Two new 12-unit apartment buildings in Spokane Valley.
      13217 E 3Rd Ln, Spokane Valley, WA 99016
      View Details
    • $875,000
      123 SF

      Spokane Valley Multifamily Opportunity

      14-unit multifamily property with 13 mobile homes, built in 1959.
      18518 E Cowley Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Four parcels available in high-traffic Liberty Lake location.
      19501 E Appleway Ave, Liberty Lake, WA 99016
      View Details
    • Contact for pricing
      13,000 SF

      Appleway Commercial Mixed-Use Buildings

      Three mixed-use buildings available for lease with frontage on Appleway.
      17809 E Appleway Ave, Spokane Valley, WA 99016
      View Details
    • $175,000
      960 SF

      Spokane Valley Storage Unit

      Premium commercial storage unit in Spokane Valley's Garage Town.
      19410 E Broadway Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing

      Liberty Lake Development Opportunity

      1.74 acres of commercial land in Liberty Lake, WA.
      19501-19551 E Appleway Ave, Liberty Lake, WA 99016
      View Details

    Similar Nearby for Sale

    • $6,000,000
      24,314 SF

      New Construction Apartment Buildings

      Two new 12-unit apartment buildings in Spokane Valley.
      13217 E 3Rd Ln, Spokane Valley, WA 99016
      View Details
    • $875,000
      123 SF

      Spokane Valley Multifamily Opportunity

      14-unit multifamily property with 13 mobile homes, built in 1959.
      18518 E Cowley Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      Four parcels available in high-traffic Liberty Lake location.
      19501 E Appleway Ave, Liberty Lake, WA 99016
      View Details
    • Contact for pricing
      13,000 SF

      Appleway Commercial Mixed-Use Buildings

      Three mixed-use buildings available for lease with frontage on Appleway.
      17809 E Appleway Ave, Spokane Valley, WA 99016
      View Details
    • $175,000
      960 SF

      Spokane Valley Storage Unit

      Premium commercial storage unit in Spokane Valley's Garage Town.
      19410 E Broadway Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing

      Liberty Lake Development Opportunity

      1.74 acres of commercial land in Liberty Lake, WA.
      19501-19551 E Appleway Ave, Liberty Lake, WA 99016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,461 SF

      Liberty Lake Development Opportunity

      Prime commercial land parcels available in Liberty Lake, Washington.
      19598 E Broadway Ave, Liberty Lake, WA 99016
      View Details
    • Contact for pricing
      2,840 SF

      Spokane Valley Office/Warehouse Space

      Office/warehouse space available for lease in Spokane Valley, WA.
      10905 E Montgomery Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing
      15,597 SF

      Fenced Storage Yard For Lease

      Fenced storage yard with wide gate access available for lease.
      6715 E Desmet Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing
      4,800 SF

      Spokane Valley Warehouse Space

      Warehouse space available for lease in Spokane Valley, WA.
      18909 E Appleway Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing

      Spokane Valley Commercial Space

      Commercial space available for lease in Spokane Valley.
      17809 E Appleway Ave, Spokane Valley, WA 99016
      View Details
    • Contact for pricing
      32,948 SF

      Spokane Valley Warehouse Space

      32,948 SF warehouse space available for lease.
      3610 Barker Rd, Spokane Valley, WA 99016
      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.
    1715 Manifold Ln
    Spokane Valley, WA 99016
    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

    Thank You for Inquiry
    1715 Manifold Ln, Spokane Valley, WA, 99016
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!