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    22310 Saltese Lake Rd greenacres, WA 99016
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    Property profile & analytics

    22310 Saltese Lake Rd greenacres, WA 99016

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    • Commercial real estate
    • 160.90 lot acres
    Off-Market
    Property ID
    US90-3216918
    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 22310 Saltese Lake Rd

    Lot size
    160.90 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 160.9-acre property presents a rare investment opportunity in the desirable Saltese Lake area of Spokane County, Washington. Situated at the base of Mica Peak, this land boasts a picturesque setting with varied topography offering multiple potential building sites showcasing stunning views. The property is heavily wooded, featuring established logging and recreational roads providing convenient access throughout. Two existing parcels are already in place, and the land is easily subdividable into 20-acre parcels, making it ideal for a single buyer or a developer seeking multiple buildable lots. Active creeks flow year-round, supplemented by additional seasonal waterways. The zoning is Rural Conservation, and the asking price is $1,900,000, translating to $11,809 per acre. This unique combination of natural beauty, accessibility, and development potential makes this a truly exceptional offering. The property's location near Saltese Flats provides a tranquil setting while remaining conveniently located near the town of Greenacres (zip code 99016). The existing infrastructure, including established roads, minimizes development costs and streamlines the building process. Don't miss this chance to own a piece of Washington's stunning landscape.

    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
    greenacres
    County
    Spokane
    State
    Washington
    Longitude
    -117.10560774
    Latitude
    47.60984777

    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
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    • $875,000
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      Spokane Valley Multifamily Opportunity

      14-unit multifamily property with 13 mobile homes, built in 1959.
      18518 E Cowley Ave, Spokane Valley, WA 99016
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      Prime Commercial Land Opportunity

      Four parcels available in high-traffic Liberty Lake location.
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      Liberty Lake Development Opportunity

      1.74 acres of commercial land in Liberty Lake, WA.
      19501-19551 E Appleway Ave, Liberty Lake, WA 99016
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    • Contact for pricing

      Prime Land Parcel in Spokane

      2.14-acre commercial land with high visibility and accessibility.
      624 N Barker Rd, Spokane Valley, WA 99016
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    • $389,000
      12.30 Acres

      Land with Open Valley Views

      Exceptional land with utilities ready for building in Greenacres.
      3811 S Henry Rd, Greenacres, 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

      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
    • Contact for pricing

      Prime Land Parcel in Spokane

      2.14-acre commercial land with high visibility and accessibility.
      624 N Barker Rd, Spokane Valley, WA 99016
      View Details
    • $389,000
      12.30 Acres

      Land with Open Valley Views

      Exceptional land with utilities ready for building in Greenacres.
      3811 S Henry Rd, Greenacres, WA 99016
      View Details

    Similar Nearby for Lease

    • 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
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    • 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
    • $1.15 SF/Yr
      14,500 SF

      Spokane Valley Yard Space Available

      Commercial land for lease in Spokane Valley, Washington.
      10102 E Knox Ave, Spokane Valley, WA 99016
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    • Contact for pricing
      53,992 SF

      Land Available For Ground Lease

      Land suitable for QSR, car wash, bank, or credit union.
      1204-1320 N Barker Rd, Greenacres, WA 99016
      View Details
    • Contact for pricing
      15,000 SF

      Commercial Land in Liberty Lake

      New development land with C-2 zoning and build-to-suit options.
      19601 E Appleway Ave, Liberty Lake, WA 99016
      View Details
    • $2,800 /Mo
      37,800 SF

      Fenced Yard for Lease

      Commercial land with fenced yard available for lease.
      9609 E Montgomery Ave, Spokane Valley, WA 99016
      View Details
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    greenacres, WA 99016
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    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
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    22310 Saltese Lake Rd, greenacres, WA, 99016
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