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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4726 Market St Spokane, WA 99217

    • Showrooms
    • 6,000 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2021
    $300,000
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1392774
    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

    • Showrooms

    Property Details for 4726 Market St

    Year built
    1917
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    6,000 SF
    Property type
    Showrooms
    APN
    36343.3101
    APU
    363433101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $425,000
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $630,000
      Market price range: $631k - $1.41M
      AI Estimate
      $260,000
      Market price range: $213k - $1.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.364
    Latitude
    47.7013
    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
    $2,692
    $120,750
    $154,100
    $274,850
    -
    $120,750
    $154,100
    $274,850

    Comparable in this City

    • Value Estimation
      $350,000
      5,600 SF

      5125 Market St

      FINANCIAL BUILDING • 5,600 SF
      5125 Market St, Spokane, WA 99217-6131
      View Details
    • Value Estimation
      $370,000
      4,160 SF

      5002 Market St

      RETAIL STORES (PERSONAL SERVICES) • 4,160 SF
      5002 Market St, Spokane, WA 99217-5031
      View Details
    • Value Estimation
      $160,000
      3,198 SF

      3108 Olympic Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,198 SF
      3108 Olympic Ave, Spokane, WA 99217-6046
      View Details
    • Value Estimation
      $315,000
      3,038 SF

      3021 Wellesley Ave

      CONVENIENCE STORE • 3,038 SF
      3021 Wellesley Ave, Spokane, WA 99217-5978
      View Details
    • Value Estimation
      $365,000
      3,168 SF

      3728 Wellesley Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      3728 Wellesley Ave, Spokane, WA 99217-6771
      View Details
    • Value Estimation
      $395,000
      8,225 SF

      5025 Market St

      RETAIL STORES (PERSONAL SERVICES) • 8,225 SF
      5025 Market St, Spokane, WA 99217-5032
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,225 SF

      Retail Space in Hillyard District

      1,225 SF retail space in excellent condition for sale.
      4811 N Market St, Spokane, WA 99217
      View Details
    • $475,000
      13,183 SF

      Turnkey Tire Shop and More

      Established tire shop, small engine, and power sport sales/service business.
      5404-5420 N Market St, Spokane, WA 99217
      View Details
    • $995,000
      7,367 SF

      Market Street Retail Opportunity

      Two buildings with high traffic and multiple access points.
      4715-4725 N Market St, Spokane, WA 99217
      View Details
    • $275,000
      15.04 Acres

      Spokane Commercial Land: 15 Acres

      Prime Spokane acreage, build your dream!
      Spokane Tbd Off My Ln, Spokane, WA 99217
      View Details
    • Contact for pricing
      4,506 SF

      Established Coffee Shop with Drive-Thru

      Operating coffee shop with drive-thru and ample parking.
      7015 N Argonne Rd, Spokane, WA 99217
      View Details
    • $2,250,000
      14,764 SF

      Hillyard Industrial Parcels For Sale

      Three heavy industrial parcels in Hillyard, Spokane.
      3633 N Freya St, Spokane, WA 99217
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,674 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane, WA.
      5321 N Market St, Spokane, WA 99217
      View Details
    • $12 SF/Yr
      1,225 SF

      Retail Space on Market Street

      Retail space available for lease on North Market Street.
      4801-4811 N Market St, Spokane, WA 99217
      View Details
    • $12 SF/Yr
      5,796 SF

      Retail Building on Market Street

      Retail building available for sublease on Market Street.
      4725 N Market St, Spokane, WA 99217
      View Details
    • Contact for pricing
      5,200 SF

      New Retail & Residential Development

      Mixed-use development with retail and residential spaces on Spokane's South Hill.
      5222 S Regal St, Spokane, WA 99217
      View Details
    • Contact for pricing
      47,468 SF

      North Spokane Industrial Park

      Prime Rail-Served Warehouse Space
      2111 Hawthorne Rd, Spokane, WA 99217
      View Details
    • $2,310 /Mo
      2,400 SF

      Spokane Flex/Industrial Space Available

      2400 SF flex/industrial space for rent in Spokane, WA.
      7826 N Market St, Spokane, WA 99217
      View Details
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    4726 Market St
    Spokane, WA 99217
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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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