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

    7322 Broadway Ave Spokane Valley, WA 99212-1135

    • Office buildings
    • 8,400 SF
    • 1.29 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2024
    $1,432,500
    Value Estimations
    $1,435,000
    Show details
    Cap Rate Potential
    6.7%
    Office buildings
    Location Intelligence
    Property ID
    US90-3282514
    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

    • Fisher's Technology / Copier Repair Service / Office Equipment Repair Service
    • Dan the Moving Man / Mover / Moving And Storage Service

    Property Details for 7322 Broadway Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    1.29 lot acres
    Property size
    8,400 SF
    Property type
    Office buildings
    APN
    35134.3229
    APU
    351343229

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,435,000
      ML approach
      $1,435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,475,000
      7%
      $1,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,855,000
      Market price range: $808k - $3.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,815,000
      Current use
      AUTO REPAIR, GARAGE
      $2,255,000
      Change: +24% Conversion: Difficult
      RESTAURANT
      $1,820,000
      Change: +0% Conversion: Moderate
      MEDICAL BUILDING
      $1,705,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.306
    Latitude
    47.6635
    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
    $14,585
    $280,000
    $1,114,500
    $1,394,500
    -
    $280,000
    $1,114,500
    $1,394,500

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      1321 Thierman Rd

      OFFICE BUILDING • 1,600 SF
      1321 Thierman Rd, Spokane Valley, WA 99212-1125
      View Details
    • Value Estimation by Request
      162 SF

      5511 3rd Ave

      PROFESSIONAL BUILDING • 162 SF
      5511 3rd Ave, Spokane Valley, WA 99212-0726
      View Details
    • Value Estimation
      $795,000
      6,944 SF

      7421 Appleway Blvd

      OFFICE BUILDING • 6,944 SF
      7421 Appleway Blvd, Spokane Valley, WA 99212-0600
      View Details
    • Value Estimation
      $2,325,000
      20,941 SF

      1121 Argonne Rd

      OFFICE BUILDING • 20,941 SF
      1121 Argonne Rd, Spokane Valley, WA 99212-2686
      View Details
    • Value Estimation
      $730,000
      4,641 SF

      521 Argonne Rd

      OFFICE BUILDING • 4,641 SF
      521 Argonne Rd, Spokane Valley, WA 99212-2868
      View Details
    • Value Estimation
      $945,000
      6,012 SF

      608 Argonne Rd

      OFFICE BUILDING • 6,012 SF
      608 Argonne Rd, Spokane Valley, WA 99212-2732
      View Details

    Similar Nearby for Sale

    • $479,000
      2,710 SF

      Millwood Office Building For Sale

      Office building in Millwood with high visibility and ample parking.
      2923 N Argonne Rd, Millwood, WA 99212
      View Details
    • $875,000
      0.44 Acres

      Mixed-Use Property in Spokane Valley

      Adaptable mixed-use property with office and warehouse space for sale.
      106 N Hutchinson Rd, Spokane, WA 99212
      View Details
    • $1,250,000
      Pending

      Spokane Valley Commercial Office Space

      5456 SF commercial space with up to 20 private offices.
      1210 N Argonne Rd, Spokane, WA 99212
      View Details
    • $1,500,000
      7,286 SF

      Retail/Office Building Former Bank

      Retail/Office building on high traffic Argonne Rd.
      2716 N Argonne Rd, Spokane, WA 99212
      View Details
    • $750,000
      550 SF

      Prime Millwood Office/Retail Opportunity

      Vacant, high-traffic corner lot, redevelopment potential
      2821 Argonne Rd & 9012, Millwood, WA 99212
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    • $689,900
      2,984 SF

      Spokane Valley Multifamily Investment

      Four-unit rental portfolio, high occupancy.
      7314 7Th Ave, Spokane Valley, WA 99212
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    Similar Nearby for Lease

    • Contact for pricing
      38,484 SF

      Spokane Valley Office Space Available

      5,200 SF office suite with ample parking.
      920 N Argonne Rd, Spokane, WA 99212
      View Details
    • $2,317 /Mo
      3,100 SF

      Spokane Office/Warehouse Space for Lease

      Office and warehouse spaces available for lease in Spokane.
      910-1026 N Lake Rd, Spokane, WA 99212
      View Details
    • Contact for pricing
      17,500 SF

      Lake Industrial Park Warehouses

      Spokane Valley industrial space available
      910 Lk Rd, Spokane Valley, WA 99212
      View Details
    • $18 SF/Yr
      1,288 SF

      Spokane Valley Office Space Available

      Prime Spokane Valley office, flexible space.
      5105 3Rd Ave, Spokane Valley, WA 99212
      View Details
    • $18 SF/Yr
      336 SF

      Spokane Office Space For Rent

      336 square foot office space available for rent.
      5105 E 3Rd Ave, Spokane, WA 99212
      View Details
    • $0.75 SF/Yr
      2,400 SF

      Spokane Office/Production Suite For Lease

      Office/Production suite for lease at Vista Business Park.
      111 N Vista Rd, Spokane, WA 99212
      View Details
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    7322 Broadway Ave
    Spokane Valley, WA 99212-1135
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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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