Financial
Distress signals
Property profile

1609 Garland Ave Spokane, WA 99205

OFF-MARKET
Office buildings
Property ID
US90-0265845
1,159 SF 0.14 ac lot Built 1949
Last sale Jun 2023 · $415,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 1609 W Garland Ave is an office building in Spokane, Washington, with access to 21 paved parking stalls shared with other users. The site has a reported coverage ratio of 18%, indicating substantial land area beyond the building footprint. Engineering and architectural plans, including permits, are on file and support potential multifamily development, providing an alternative to the existing office use. The property may also be considered in conjunction with the adjacent property at 1615 W Garland.

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?
$2k
Tax billed · 2023
Assessed value · 2024$214k
Assessed land$44k
Assessed improvement$170k
Effective rate0.98%

Value estimate

· Sep 2026
$390k
$351k – $429k
AI approach$410k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$220/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$143 – $287

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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 Firm27.7
Restaurant24.6
Building Supply23.3

Location

1609 Garland Ave Spokane, WA 99205-2620
County assessor Recorded deeds · 8 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3918 Post, Spokane, WA 99205-1148 $450,000 Jul 2024 1,317 SF
2024 Wnw, Spokane, WA 99205-3715 $68,000 May 2022 1,224 SF
1814 Normandie, Spokane, WA 99205-4854 $550,000 Mar 2022 1,344 SF
310 Indiana, Spokane, WA 99205-4716 $310,000 Jun 2021 1,348 SF
1828 Wnw, Spokane, WA 99205-3655 $300,000 Jun 2021 1,250 SF
3917 Monroe, Spokane, WA 99205-1253 $275,000 Apr 2021 1,361 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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