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    3014 N Flora Rd Spokane Valley, WA 99037
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    Property profile & analytics

    3014 N Flora Rd Spokane Valley, WA 99037

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    • Office buildings
    • 6,318 SF
    • 9.77 lot acres
    For Lease
    $1,630,000
    View Listing →
    Spokane Valley Warehouse and Office For Lease
    $1,630,000
    34,580 SF

    Spokane Valley Warehouse and Office

    Warehouse with office space, dock-high loading, and ample parking.

    3014 N Flora Rd, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-0531457
    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

    • Specialty Forest Products / Building Supply / Hardware & Home Improvement
    • Sefnco Communications / Telecommunications Service / General Contractor
    • Cosmos Surfaces / Building Supply / Hardware & Home Improvement
    • Interstate Batteries / Auto Parts Store
    • Evergreen Railroad Modelers / Association / Organization

    Property Details for 3014 N Flora Rd

    Year built
    1983
    Lot size
    9.77 lot acres
    Property size
    6,318 SF
    Property type
    Office buildings
    APN
    55072.0332
    APU
    550720332

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,365,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,585,000
      Change: +89% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,695,000
      Change: +24% Conversion: Difficult
      RESTAURANT
      $1,370,000
      Change: +0% Conversion: Moderate
      MEDICAL BUILDING
      $1,285,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.174
    Latitude
    47.6839
    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
    $46,223
    $851,220
    $3,389,500
    $4,240,720
    -
    $851,220
    $3,389,500
    $4,240,720

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

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      PROFESSIONAL BUILDING • 1.55 Acres
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      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
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    • Value Estimation
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      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.
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      21,753 SF

      Spokane River Class A Office

      Class A office space with river views and park amenities.
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    • $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
    • $975,000
      4,846 SF

      Spokane Valley Office Space Available

      Office space available for rent in Spokane Valley, Washington.
      323 Pine St S, 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

    Similar Nearby for Lease

    • 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
    • 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
    • $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

      Spokane Valley Warehouse and Office

      Functional warehouse and office space in Spokane Valley industrial area.
      15909 E Marietta Ave, Spokane Valley, WA 99216
      View Details
    View Listing
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    Spokane Valley, WA 99037
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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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    3014 N Flora Rd, Spokane Valley, WA, 99037
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