Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    610 Shasta Way Spokane, WA 99208-5927
    Back to Search
    Property profile & analytics

    610 Shasta Way, Spokane, WA 99208-5927

    View on Map
    • Day care centers
    • 4,990 SF
    • 0.63 lot acres
    Off-Market
    Property ID
    US90-1673082
    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

    • Shasta Way KinderCare / Daycare Center

    Property Details for 610 Shasta Way

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.63 lot acres
    Property type
    Day care centers
    APN
    36194.0244
    APU
    361940244

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 6, 2015 — Kcp Re LLC Kc Propco LLC Grant Deed —
    Jul 3, 2003 — Kc Propco LLC Kindercare Learning Centers In Grant Deed $300M · Morgan Stanley Mtg Capital INC

    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
    County
    Spokane
    State
    Washington
    Longitude
    -117.421
    Latitude
    47.7342
    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
    $5,382
    $151,540
    $408,300
    $559,840
    -
    $151,540
    $408,300
    $559,840

    Comparable in this City

    • Value Estimation by Request
      5,443 SF

      6477 Lindeke St

      DAY CARE, PRE-SCHOOL
      6477 Lindeke St, Spokane, WA 99208-4500
      View Details
    • Value Estimation by Request
      3,800 SF

      6415 Wall St

      DAY CARE, PRE-SCHOOL
      6415 Wall St, Spokane, WA 99208-4146
      View Details
    • Value Estimation
      $3,280,000
      9,784 SF

      1625 Farwell Rd

      DAY CARE, PRE-SCHOOL
      1625 Farwell Rd, Spokane, WA 99208-9579
      View Details
    • Value Estimation by Request
      4,070 SF

      1020 Cozza Dr

      DAY CARE, PRE-SCHOOL
      1020 Cozza Dr, Spokane, WA 99208-6641
      View Details
    • Value Estimation by Request
      3,337 SF

      13101 Shetland Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS
      13101 Shetland Ln, Spokane, WA 99208-6743
      View Details
    • Value Estimation
      $590,000
      3,552 SF

      849 Magnesium Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      849 Magnesium Rd, Spokane, WA 99208-5841
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,802 SF

      Retail Investment on Division Street

      100% leased retail property with national credit tenants.
      5903 N Division St, Spokane, WA 99208
      View Details
    • Contact for pricing

      North Spokane Land Parcels Available

      Two parcels in North Spokane near future mixed-use development.
      and US-2 Farwell Rd, Fairwood, WA 99208
      View Details
    • $214,950
      0.78 Acres

      Spokane View Lot For Sale

      Residential land with city water and sewer in Spokane, WA.
      8907 N Rustle Rd, Spokane, WA 99208
      View Details
    • $214,950

      Spokane Land For Sale

      Land available in Spokane, Washington.
      8907 N Rustle Rd, Spokane, WA 99208
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Spokane, Washington.
      6212-6226 N Market St, Spokane, WA 99208
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      6212 N Market St, Spokane, WA 99208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Large Acreage Specialty Site

      Large leased parcel offers flexible room for specialty and value-added commercial operations.
      11106 N Indian Trail Rd, Spokane, WA 99208
      View Details
    • Contact for pricing
      36,000 SF

      Spokane Specialty Property for Rent

      Specialty property available for rent in Spokane, Washington.
      2111 E Hawthorne Rd, Spokane, WA 99208
      View Details
    • Contact for pricing
      99,837 SF

      Commercial Land Ready For Lease

      Commercial land available for ground lease or build to suit.
      1123 E Francis Ave, Spokane, WA 99208
      View Details
    • $14 SF/Yr

      Retail Space on North Division

      Retail space available in a shopping center with anchor tenants.
      7414 N Division St, Spokane, WA 99208
      View Details
    • Contact for pricing

      6.47 Acres Retail Land ForRent

      6.47 Acres of land for commercial parking, office, retail.
      10809 N Indian Trail Rd, Spokane, WA 99208
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for lease at a signalized intersection.
      7404 N Division St, Spokane, WA 99208
      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.
    610 Shasta Way
    Spokane, WA 99208-5927
    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
    610 Shasta Way, Spokane, WA, 99208
    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!