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    Property profile & analytics

    3420 Fry Ave Spokane, WA 99202-4632

    • Warehouses
    • 72,500 SF
    • 2.63 lot acres
    OFF-MARKET
    Value Estimations
    $5,060,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3324059
    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

    • VPI Quality Windows / Hardware & Home Improvement / Interior Design

    Property Details for 3420 Fry Ave

    Year built
    1955
    Construction
    CONCRETE
    Lot size
    2.63 lot acres
    Property size
    72,500 SF
    Property type
    Warehouses
    APN
    35153.2101
    APU
    351532101

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,824,000
      Market price range: $2.20M - $7.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.36
    Latitude
    47.6605
    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
    $38,325
    $458,860
    $3,470,400
    $3,929,260
    -
    $458,860
    $3,470,400
    $3,929,260

    Comparable in this City

    • Value Estimation
      $3,515,000
      33,958 SF

      4114 Fry Ave

      WAREHOUSE, STORAGE • 33,958 SF
      4114 Fry Ave, Spokane, WA 99202-4648
      View Details
    • Value Estimation by Request
      3,600 SF

      1124 Freya St

      WAREHOUSE, STORAGE • 3,600 SF
      1124 Freya St, Spokane, WA 99202-4520
      View Details
    • Value Estimation by Request
      3,840 SF

      706 Columbus St

      STORAGE YARD, OPEN STORAGE • 3,840 SF
      706 Columbus St, Spokane, WA 99202
      View Details
    • Value Estimation by Request
      4,800 SF

      107 Cook St

      WAREHOUSE, STORAGE • 4,800 SF
      107 Cook St, Spokane, WA 99202
      View Details
    • Value Estimation
      $1,165,000
      16,522 SF

      3830 Boone Ave

      WAREHOUSE, STORAGE • 16,522 SF
      3830 Boone Ave, Spokane, WA 99202-4505
      View Details
    • Value Estimation by Request
      3,264 SF

      3118 Boone Ave

      WAREHOUSE, STORAGE • 3,264 SF
      3118 Boone Ave, Spokane, WA 99202-3608
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Fully leased industrial building in Spokane's central industrial district.
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      View Details
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      Industrial Building in Spokane

      Fully leased industrial building in Spokane's central industrial district.
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    • $1,490,000
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      Versatile Spokane Commercial Warehouse Space

      15,000 sq ft warehouse with office space in Spokane.
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      Spokane Commercial Property For Sale

      Commercial property with showroom and easy freeway access in Spokane.
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      Freya Street Industrial Warehouse Buildings

      Three warehouse buildings on 1.364 acres with income potential.
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    • Contact for pricing
      8.01 Acres

      Spokane Industrial Warehouse

      8-Acre Warehouse, Prime Location
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    Similar Nearby for Lease

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      91,036 SF

      Spokane Office and Warehouse Space

      Office and warehouse space for lease with excellent parking.
      715 E Sprague Ave, Spokane, WA 99202
      View Details
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      3,750 SF

      Versatile Former Bank Office Space

      Adaptable space suitable for office, warehouse, or indoor parking.
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      View Details
    • $10 SF/Yr
      13,365 SF

      Office/Warehouse Space Available

      Office and warehouse space with secured parking.
      112 N Altamont St, Spokane, WA 99202
      View Details
    • $1.25 SF/Yr
      7,500 SF

      New Construction Industrial Units Available

      New industrial units with mezzanine, ready March 2026.
      921 N Fiske St, Spokane, WA 99202
      View Details
    • $0.79 SF/Yr
      6,190 SF

      Industrial Warehouse in Main Avenue Park

      Remodeled industrial warehouse with security fence in Spokane, WA.
      4000-4020 E Main Ave, Spokane, WA 99202
      View Details
    • $14 SF/Yr
      14,400 SF

      Industrial Building for Sublease

      Industrial building for sublease with direct Trent Ave access.
      2025 E Trent Ave, Spokane, WA 99202
      View Details
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    3420 Fry Ave
    Spokane, WA 99202-4632
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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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