Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    25 Blake Rd Spokane Valley, WA 99216-0793
    Property profile & analytics

    25 Blake Rd Spokane Valley, WA 99216-0793

    View on Map
    • Office buildings
    • 1,183 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US90-3355985
    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

    • Office buildings

    Property Details for 25 Blake Rd

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.28 lot acres
    Property size
    1,183 SF
    Property type
    Office buildings
    APN
    45221.9151
    APU
    452219151

    Description

    This exceptional Spokane Valley office property, located at 25 S Blake Rd, 99216, offers a total of 2,366 square feet of traditional office space within a two-suite building situated on 0.28 acres. The building, constructed in 1973, is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for two separate tenants to lease individual suites. Each suite offers a minimum of 1,183 square feet, with a maximum contiguous space of 2,366 square feet. The property boasts ample parking with 18 spaces available for tenants and visitors. The property is located in the Spokane Valley submarket of Spokane County, Washington, offering convenient access to local amenities and transportation routes. The lease rate is $15 per square foot annually, plus NNN expenses. This presents a compelling opportunity for businesses seeking flexible and well-located office space in a thriving Spokane Valley community. The property's size and layout make it ideal for a variety of businesses, from small startups to established companies seeking expansion. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    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
    -117.223
    Latitude
    47.6562
    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
    $3,688
    $74,100
    $294,500
    $368,600
    -
    $74,100
    $294,500
    $368,600

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      1414 Vercler Rd Ste, Unit 6

      PROFESSIONAL BUILDING • 1.55 Acres
      1414 Vercler Rd Ste, Spokane Valley, WA 99216-1092
      View Details
    • Value Estimation
      $3,970,000
      32,344 SF

      1414 Houk Rd

      PROFESSIONAL BUILDING • 32,344 SF
      1414 Houk Rd, Spokane Valley, WA 99216-1097
      View Details
    • Value Estimation
      $4,660,000
      19,271 SF

      16818 Desmet Ct

      PROFESSIONAL BUILDING • 19,271 SF
      16818 Desmet Ct, Spokane Valley, WA 99216-3542
      View Details
    • Value Estimation
      $2,940,000
      25,800 SF

      12310 Mirabeau Pkwy

      OFFICE BUILDING • 25,800 SF
      12310 Mirabeau Pkwy, Spokane Valley, WA 99216-1280
      View Details
    • Value Estimation by Request
      432 SF

      4210 Progress Rd

      OFFICE BUILDING • 432 SF
      4210 Progress Rd, Spokane Valley, WA 99216-1329
      View Details
    • Value Estimation
      $755,000
      3,545 SF

      2010 Sullivan Rd

      OFFICE BUILDING • 3,545 SF
      2010 Sullivan Rd, Spokane, WA 99216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,660 SF

      Spokane Riverfront Office Building

      Office building on the Spokane River, suitable for owner-user.
      12939 E Pinecroft Way, Spokane Valley, WA 99216
      View Details
    • $7,400,000

      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
    • $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
    • Contact for pricing

      Spokane Valley Office/Warehouse Space

      Functional office and warehouse space in Spokane Valley industrial area.
      15909 East Marietta Ave, Spokane Valley, WA 99216
      View Details
    • $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
    • $850,000
      3,328 SF

      High-Traffic Spokane Valley Investment Property

      Income-generating, multi-use property with high visibility and freeway access.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Business Campus For Lease

      Prestigious business park with natural surroundings, enhancing employee productivity.
      12939 E Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      4,694 SF

      Visible Spokane Valley Office Building

      Three-story office building with high I-90 visibility.
      13412 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • $7 SF/Yr

      Spokane Valley Warehouse Space Available

      16,000 SF warehouse space with office and easy access.
      3808 N Sullivan Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      2,772 SF

      Spokane Valley Office Space Available

      Office space available for rent in Spokane Valley, Washington.
      16201 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      1,400 SF

      Office Flex Space For Lease

      1,400 SF office flex space available for lease.
      12310 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Premier Business Campus For Lease

      Prestigious campus with natural surroundings, enhancing employee productivity.
      12410 E Mirabeau Pkwy, 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.
    25 Blake Rd
    Spokane Valley, WA 99216-0793
    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
    25 Blake Rd, Spokane Valley, WA, 99216
    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!