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

    710 Hwy 902 Medical Lake, WA 99022

    • Grocery and convenience stores
    • 2,520 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1779937
    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

    • Grocery and convenience stores

    Property Details for 710 Hwy 902

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.75 lot acres
    Property size
    2,520 SF
    Property type
    Grocery and convenience stores
    APN
    14181.0019
    APU
    141810019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Medical Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.674
    Latitude
    47.579
    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
    $5,642
    $105,730
    $566,900
    $672,630
    -
    $105,730
    $566,900
    $672,630

    Comparable in this City

    • Value Estimation
      $1,000,000
      7,308 SF

      14730 2nd Hwy

      CONVENIENCE STORE • 7,308 SF
      14730 2nd Hwy, Medical Lake, WA 99022
      View Details
    • Value Estimation
      $2,310,000
      22,568 SF

      215 Sr 902

      GROCERY, SUPERMARKET • 22,568 SF
      215 Sr 902, Medical Lake, WA 99022
      View Details
    • Value Estimation by Request
      2,820 SF

      212 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 2,820 SF
      212 Lk St, Medical Lake, WA 99022
      View Details
    • Value Estimation by Request
      1,800 SF

      731 Stanley St

      FINANCIAL BUILDING • 1,800 SF
      731 Stanley St, Medical Lake, WA 99022-8940
      View Details
    • Value Estimation by Request
      2,380 SF

      124 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 2,380 SF
      124 Lk St, Medical Lake, WA 99022
      View Details
    • Value Estimation
      $590,000
      6,250 SF

      123 Lk St

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      123 Lk St, Medical Lake, WA 99022
      View Details

    Similar Nearby for Sale

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      Downtown Mixed-Use Investment Opportunity

      Two downtown Spokane properties with apartments, retail, and office space.
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    • $305,000
      1,924 SF

      Equipped Salon in Medical Lake

      Move-in ready salon with extensive equipment and potential uses.
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    • $167,000
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      Buildable waterfront lot with lake access near Medical Lake, Washington.
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    • New
      $125,000
      4.66 Acres

      Land Near Fairchild Air Force Base

      4.66 acre land parcel zoned for residential and resource-based industries.
      13xx S Fairview Heights Rd, Medical Lake, WA 99022
      View Details
    • New
      $799,000
      11.69 Acres

      Waterfront Land Near Spokane

      11.69 acres with 1200' frontage on Granite Lake.
      12000 S Meadow Rd, Medical Lake, WA 99022
      View Details
    • New
      $200,000
      27.06 Acres

      Highway Frontage Land Parcel

      27.06 acres zoned Rural Traditional near Fairchild Air Force Base.
      17XXX W Sr 2 Hwy, Medical Lake, WA 99022
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,680 SF

      Medical Lake Commercial Property

      Prime Retail Space, High Visibility
      106 Lefevre St, Medical Lake, WA 99022
      View Details
    • $11 SF/Yr
      12,528 SF

      Medical Office Building, Medical Lake

      Prime Medical Office Space Available
      725 Stanley St, Medical Lake, WA 99022
      View Details
    • $22 SF/Yr
      5,369 SF

      Medical Office Space For Rent

      Five-story medical office building in a flourishing medical corridor.
      601 W 5Th St, Spokane, WA 99022
      View Details
    • Contact for pricing
      1,675,318 SF

      Prime Spokane County Industrial Land

      38 Acres, Single Tenant Opportunity, WA
      0 Craig Rd, Medical Lake, WA 99022
      View Details
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    710 Hwy 902
    Medical Lake, WA 99022
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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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