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    Property profile & analytics

    40007 Newport Hwy Elk, WA 99009-9791

    • Retail space
    • 3,393 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1047077
    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

    • Retail space

    Property Details for 40007 Newport Hwy

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.51 lot acres
    Property size
    3,393 SF
    Property type
    Retail space
    APN
    39104.9087
    APU
    391049087

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elk
    County
    Spokane
    State
    Washington
    Longitude
    -117.35
    Latitude
    48.0193
    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
    $964
    $11,110
    $108,600
    $119,710
    -
    $11,110
    $108,600
    $119,710

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      40117 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      40117 Newport Hwy, Elk, WA 99009-9791
      View Details
    • Value Estimation
      $355,000
      2,520 SF

      40224 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      40224 Newport Hwy, Elk, WA 99009-8791
      View Details
    • Value Estimation
      $225,000
      1,188 SF

      39915 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,188 SF
      39915 Newport Hwy, Elk, WA 99009-9791
      View Details
    • Value Estimation
      $310,000
      1,152 SF

      40101 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      40101 Newport Hwy, Elk, WA 99009-9791
      View Details
    • Value Estimation by Request
      696 SF

      40012 Elk Camden Rd

      RETAIL STORES (PERSONAL SERVICES) • 696 SF
      40012 Elk Camden Rd, Elk, WA 99009
      View Details
    • Value Estimation by Request
      10,640 SF

      40203 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,640 SF
      40203 Newport Hwy, Elk, WA 99009-9791
      View Details

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    Elk, WA 99009-9791
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    Realmo Value Estimation

    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.

    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.

    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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