Financial
Distress signals
Property profile

5634 E Commerce Ave Spokane, WA 99207

FOR SALE
Other commercial real estate
Property ID
US90-3234434
2,944 SF 0.56 ac lot Built 1913
Last sale Jul 2022 · $565,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 1913 brick mixed-use building in Spokane was historically used as a schoolhouse, brewery, and winery and has been converted for a combination of residential and commercial use. The property is zoned GC-70 and contains approximately 8,832 square feet, including four residential apartments, two professional offices, a lash salon, and two commercial studios (one configured as a martial arts dojo). The building is located on a corner lot over half an acre in size and includes 25 parking

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$369k
Assessed land$55k
Assessed improvement$314k
Effective rate0.94%

Value estimate

· Sep 2026
$515k
$464k – $567k
AI approach$500k
CAP approach$540k
Sales comparison$526k
NOI build-up
Gross scheduled income$171k
Vacancy & credit loss−$11k
Operating expenses−$72k
NOI · 13.01% cap applied$88k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$161/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$105 – $234

Cap rate analysis

How does the asset earn?
13.01%
$88k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.8
Realty agency9.8
Pharmacy9.3

Location

5634 E Commerce Ave Spokane, WA 99207
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
420 Lk, Spokane Valley, WA 99212-1018 $200,000 Apr 2025 2,700 SF
1319 Argonne, Spokane Valley, WA 99212-2684 $485,000 Oct 2022 2,688 SF
2923 Argonne, Millwood, WA 99212-2141 $250,000 Nov 2020 2,710 SF
8611 Sprague, Spokane Valley, WA 99212-2921 $3,000,000 Nov 2019 2,520 SF
1711 Park, Spokane Valley, WA 99212-1244 $50,000 Dec 2018 2,433 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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