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    Spokane St Valley, WA 99216
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    Property profile & analytics

    Spokane St Valley, WA 99216

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    • Medical Office Space
    • 11,884 SF
    • 0.98 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Spokane Valley Office Space Available For Lease
    $25 SF/Yr
    11,884 SF

    Spokane Valley Office Space Available

    Office space in prime Spokane Valley location with freeway exposure.

    16212 E Indiana, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-1892868
    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.
    Value Estimations
    $545,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Weber Dental Center / Dental Office
    • Dr. Anthony Weber / Dental Office
    • Dr. Lori Weber / Dental Office

    Property Details for Spokane St

    Year built
    2022
    Lot size
    0.98 lot acres
    Property size
    11,884 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    45131.0430
    APU
    451310430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $680,000
      Market price range: $128k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.186
    Latitude
    47.6677
    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
    $26,486
    $424,810
    $2,346,200
    $2,771,010
    -
    $424,810
    $2,346,200
    $2,771,010

    Comparable in this City

    • Value Estimation
      $1,030,000
      6,594 SF

      12324 Msn Ave

      DENTAL BUILDING • 6,594 SF
      12324 Msn Ave, Spokane, WA 99216
      View Details
    • Value Estimation
      $5,610,000
      58,389 SF

      1112 Mamer Rd

      MEDICAL BUILDING • 58,389 SF
      1112 Mamer Rd, Spokane Valley, WA 99216-1675
      View Details
    • Value Estimation
      $17,175,000
      127,880 SF

      16528 Desmet Ct

      MEDICAL BUILDING • 127,880 SF
      16528 Desmet Ct, Spokane Valley, WA 99216-3522
      View Details
    • Value Estimation
      $545,000
      3,915 SF

      20 Evergreen Rd

      MEDICAL BUILDING • 3,915 SF
      20 Evergreen Rd, Spokane Valley, WA 99216-5083
      View Details
    • Value Estimation
      $730,000
      8,330 SF

      12824 Nora Ave

      MEDICAL BUILDING • 8,330 SF
      12824 Nora Ave, Spokane Valley, WA 99216-1179
      View Details
    • Value Estimation by Request
      4,536 SF

      13607 Sprague Ave

      MEDICAL BUILDING • 4,536 SF
      13607 Sprague Ave, Spokane Valley, WA 99216-0809
      View Details

    Similar Nearby for Sale

    • $7,400,000

      Class A Medical Office Building

      Well-maintained medical office building with freeway signage and flexible zoning.
      15920 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $850,000
      0.73 Acres

      High-Traffic Spokane Valley Investment Property

      High-visibility, income-generating property with multi-use zoning along I-90.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • $850,000
      3,328 SF

      High-Traffic Spokane Valley Investment Property

      Income-generating, multi-use property with high visibility and freeway access.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      21,753 SF

      Spokane River Class A Office

      Class A office space with river views and park amenities.
      12939 E Pinecroft Way, Spokane Valley, WA 99216
      View Details
    • $850,000
      3,328 SF

      Spokane Valley Multi-Use Investment Property

      High-traffic, income-generating property with diverse development potential in Spokane Valley.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Spokane Valley Office/Warehouse Space

      Functional office and warehouse space in Spokane Valley industrial area.
      15909 East Marietta Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office space available near MultiCare Valley Hospital.
      Spokane St, Valley, WA 99216
      View Details
    • $20 SF/Yr

      Retail/Office Space For Rent

      Retail and office spaces available for lease with high visibility.
      13221 E 32Nd Ave, Spokane Valley, WA 99216
      View Details
    • $7 SF/Yr

      Spokane Valley Warehouse Space Available

      16,000 SF warehouse space with office and easy access.
      3808 N Sullivan Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      2,772 SF

      Spokane Valley Office Space Available

      Office space available for rent in Spokane Valley, Washington.
      16201 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      1,400 SF

      Office Flex Space For Lease

      1,400 SF office flex space available for lease.
      12310 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing
      4,694 SF

      Visible Spokane Valley Office Building

      Three-story office building with high I-90 visibility.
      13412 E Nora Ave, Spokane Valley, WA 99216
      View Details
    View Listing
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    Valley, WA 99216
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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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