Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8404 Wall St Spokane, WA 99208-6171

    • Medical Office Space
    • 1,767 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Nov 06, 2024
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3325036
    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

    • Von R. Tracy, DDS / Dental Office
    • Sullivan Laura / Dental Office
    • Npd Service / Dental Office

    Property Details for 8404 Wall St

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    1,767 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    36194.0243
    APU
    361940243

    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
    -117.422
    Latitude
    47.7341
    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
    $3,059
    $86,470
    $225,400
    $311,870
    -
    $86,470
    $225,400
    $311,870

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      6701 Country Homes Blvd

      MEDICAL BUILDING • 1,000 SF
      6701 Country Homes Blvd, Spokane, WA 99208-4336
      View Details
    • Value Estimation
      $1,415,000
      7,023 SF

      6817 Cedar Rd Ste, Unit 202

      DENTAL BUILDING • 7,023 SF
      6817 Cedar Rd Ste, Spokane, WA 99208-4277
      View Details
    • Value Estimation by Request
      774 SF

      6821 Country Homes Blvd Ste, Unit 204

      MEDICAL BUILDING • 774 SF
      6821 Country Homes Blvd Ste, Spokane, WA 99208-4376
      View Details
    • Value Estimation
      $1,195,000
      6,324 SF

      5921 Market St

      MEDICAL BUILDING • 6,324 SF
      5921 Market St, Spokane, WA 99208-2484
      View Details
    • Value Estimation
      $2,065,000
      10,888 SF

      101 Cascade Way

      DENTAL BUILDING • 10,888 SF
      101 Cascade Way, Spokane, WA 99208-6016
      View Details
    • Value Estimation by Request
      1,452 SF

      6821 Country Homes Blvd Ste, Unit 202

      MEDICAL BUILDING • 1,452 SF
      6821 Country Homes Blvd Ste, Spokane, WA 99208-4373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,432 SF

      Spokane Multi-Tenant Office Investment

      Leased office building with income and growth potential.
      111 Lincoln Rd, Spokane, WA 99208
      View Details
    • $110,000
      0.17 Acres

      Spokane Land with View

      Residential lot with view in Woodridge South, Spokane.
      4239 W Bush Dr, Spokane, WA 99208
      View Details
    • $105,000
      0.24 Acres

      Spokane Land for Custom Home

      Quarter-acre lot in desirable neighborhood, ideal for custom home.
      9406 N Phoebe St, Spokane, WA 99208
      View Details
    • $857,300
      3,534 SF

      Modern Duplex in Mead District

      New construction duplex with high-end finishes and spacious layouts.
      12809 N Jaydee Ln, Spokane, WA 99208
      View Details
    • $220,000
      0.18 Acres

      Spokane Buildable Lot with Garage

      0.17-acre lot with garage, development potential, outside Spokane city.
      N Washington St, Spokane, WA 99208
      View Details
    • Contact for pricing
      7,950 SF

      Ten-Unit Apartment Near NorthTown Mall

      Turn-key ten-unit apartment building near NorthTown Mall and city amenities.
      6511 N Atlantic St, Spokane, WA 99208
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spokane Office Space For Rent

      Office suite with private restroom, kitchenette, and multiple offices.
      6701 N Country Homes Blvd, Spokane, WA 99208
      View Details
    • Contact for pricing
      661 SF

      Spokane Office Space For Rent

      Office space for rent with excellent visibility and free parking.
      7307 N Division St, Spokane, WA 99208
      View Details
    • Contact for pricing

      Spokane Office/Warehouse on Large Lot

      19,601 SF office/warehouse on 4.46 acres in Spokane, WA.
      6430 N Lidgerwood St, Spokane, WA 99208
      View Details
    • Contact for pricing

      Spokane Office Space For Rent

      Office space available in a great Northside Spokane location.
      45 E Cozza Dr, Spokane, WA 99208
      View Details
    • Contact for pricing

      Prime Retail Hub on Division

      Retail spaces available in high-traffic Spokane location.
      6104 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.
    8404 Wall St
    Spokane, WA 99208-6171
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!