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    Property profile & analytics

    810 2Nd Ave Spokane, WA 99202

    • Commercial real estate
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1760780
    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

    • Commercial real estate

    Property Details for 810 2Nd Ave

    Lot size
    0.10 lot acres
    Property type
    Commercial real estate
    APN
    35201.2502

    Description

    This exceptional 0.1-acre commercial land parcel, located at 810 E 2nd Ave in Spokane, Washington, presents a unique investment opportunity. The property, identified by APN 35201.2502, offers approximately 4,425 square feet of land zoned for General Commercial use. Its strategic location ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. A significant advantage is the existing billboard lease with Lamar Advertising, generating a consistent annual income of $1,000. This adds a substantial passive income stream to the property's value. The property is situated in Spokane County, WA, with a 99202 zip code. Its coordinates are 47.65464926484239 latitude and -117.39837607683808 longitude. The asking price for this prime commercial land is $15,000. This represents a compelling opportunity to acquire a well-located, income-producing asset in a thriving Spokane market. Don't miss this chance to secure a piece of Spokane's commercial landscape.

    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
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.39837607684
    Latitude
    47.654649264842

    Comparable in this City

    • $600,000

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    • $900,000

      Land Available in Airway Heights

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    • $390,000

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    • $475,000
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      Rockwood Boulevard Development Opportunity

      1.32 acres suitable for townhomes or single-family homes.
      300 E Rockwood Blvd, Spokane, WA 99202
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    • New
      $499,000
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      South Hill Development Opportunity

      Shovel-ready South Hill project with city approval for seven lots.
      3271 E Williamson Ct, Spokane, WA 99202
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    • $1,200,000
      0.86 Acres

      Spokane Investment Opportunity: Five Parcels

      Five income-producing properties zoned for light industrial use.
      2914 E Sinto Ave, Spokane, WA 99202
      View Details

    Similar Nearby for Sale

    • $600,000

      Prime Spokane Industrial Land

      Fenced, ±39,600 SF, Light Industrial
      2121 Broadway Ave, Spokane, WA 99202
      View Details
    • $900,000

      Land Available in Airway Heights

      Land for sale at 0 W 10th & 12th Ave
      10 W 10Th Ave, Airway Heights, WA 99202
      View Details
    • $390,000

      Spokane Land For Sale

      Land available for sale in Spokane, Washington.
      N Rebecca St, Spokane, WA 99202
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    • $475,000
      1.32 Acres

      Rockwood Boulevard Development Opportunity

      1.32 acres suitable for townhomes or single-family homes.
      300 E Rockwood Blvd, Spokane, WA 99202
      View Details
    • New
      $499,000
      0.85 Acres

      South Hill Development Opportunity

      Shovel-ready South Hill project with city approval for seven lots.
      3271 E Williamson Ct, Spokane, WA 99202
      View Details
    • $1,200,000
      0.86 Acres

      Spokane Investment Opportunity: Five Parcels

      Five income-producing properties zoned for light industrial use.
      2914 E Sinto Ave, Spokane, WA 99202
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      8,471 SF

      Prime Spokane Warehouse Opportunity

      8,471 SF Warehouse, Ample Parking
      806 2Nd Ave, Spokane, WA 99202
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    • $7,500 /Mo

      Ground Lease Pad with Panda Express

      Commercial land available for ground lease, anchored by Panda Express.
      1719 N Ruby St, Spokane, WA 99202
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    • Contact for pricing
      28,938 SF

      Land Available For Lease

      Land for lease in Spokane, WA with 28,938 SF.
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    • $600 /Mo
      7,100 SF

      Fenced Yard For Lease

      Fenced yard available for lease near downtown Spokane.
      708 N Crestline St, Spokane, WA 99202
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    • $1.20 SF/Yr
      33,440 SF

      Spokane Industrial Land for Lease

      33,440 SF Industrial Yard - Available Now
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    • $1,250,000

      Commercial Land Ready For Development

      Commercial land available for sale or lease in Spokane, WA.
      324-334 S Grant St, Spokane, WA 99202
      View Details
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    810 2Nd Ave
    Spokane, WA 99202
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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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