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Property profile & analytics
OFF-MARKET
Manufacturing properties
908 Lk Rd, Spokane Valley, WA 99212-1048
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1604464
Property summary
AI-generated overview
This single-story, 4,608-square-foot industrial building in Spokane Valley, WA, is offered at $595,000 ($129.12/sq ft). Situated on an 11,880-square-foot lot (APN 35132.1112), this Class C property is zoned LI and features a fully fenced yard. The building is currently configured for 502 operations. The property consists of one building with one unit, making it an ideal investment opportunity for a variety of manufacturing or warehousing needs. Its location in Spokane Valley provides convenient access to major transportation routes and a growing industrial sector. The property's single-story design offers efficient workflow and easy accessibility. The asking price represents a compelling value for a functional and well-located industrial space. This property is ready for immediate occupancy and presents a strong return on investment potential. Serious inquiries are encouraged to explore this unique opportunity in the thriving Spokane Valley market. The property address is 908 N Lake Rd, Spokane Valley, WA 99212.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,608 SF
Lot
0.27 ac (11,880 SF)
APN
35132.1112
UPID
US90-1604464
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ronald Strickland · 1 yrs held
Ronald Strickland
since 2024
Last sale
$137,400
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,906
Tax year 2023
Assessed value
$168,140
Assessed 2024
Previous assessed
$168,140
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$35,640
Assessed improvement
$132,500
Land market value
$35,640
Improvement market value
$132,500
Total market value
$168,140
Applied tax rate
148.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
4,608 SF
Lot
0.27 ac (11,880 SF)
APN
35132.1112
UPID
US90-1604464
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ronald Strickland
Individual
Mailing address
34008 N DUNN RD CHATTAROY
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
Ronald Strickland
Susan Strickland
Intrafamily Transfer
related
$900,000 · Diamond Rock Financial LLC
Nov 15, 2021
—
Ronald K Strickland
—
Deed
related
$285,000 · The Ferraiuolo Foundation
Aug 16, 2017
$137,400
Ronald K Strickland
Shaw,gregory K & Danita J
Warranty Deed
$155,000 · Ferraiuolo Foundation
Aug 6, 2010
$184,000
Gregory K Shaw
Steinmetz,larry R
Warranty Deed
$147,200 · Larry R Steinmetz
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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