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    Property profile & analytics

    5306 Sunset Hwy Spokane, WA 99224

    • Turn key restaurants
    • 2,427 SF
    • 0.40 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $80,000
    Last Sale
    Mar 29, 2024
    $80,000
    Location Intelligence
    Property ID
    US90-1119133
    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

    • Turn key restaurants

    Property Details for 5306 Sunset Hwy

    Year built
    1951
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    2,427 SF
    Property type
    Turn key restaurants
    APN
    25223.9027
    APU
    252239027

    Description

    This freestanding retail building, located at 5306 W Sunset Hwy in Spokane, Washington, 99224, offers 2,427 square feet of space on a 17,389 square foot lot. The property is zoned GC-70 and is situated in Spokane County. It's a single-tenant space, currently delivered as a vanilla shell, having recently undergone a complete remodel. The building enjoys exceptional visibility and accessibility, enhanced by ample parking and a prominent pole sign. Its strategic location between Airway Heights and Spokane makes it highly desirable for businesses seeking a prominent presence in a thriving area. The adaptable layout allows for customization to suit a variety of retail uses. This is a prime leasing opportunity for businesses seeking a functional and highly visible location with easy access and ample parking. The property's central location provides convenient access to a large customer base in both Spokane and Airway Heights. The GC-70 zoning provides flexibility for a range of retail businesses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $80,000

    • CAP approach

      CAP return
      Estimation
      6%
      $85,000
      6.5%
      $95,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $80,000
      Geo Method
      $100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $75,000
      Retail
      $80,000
      Mixed-Use
      $90,000
      Hospitality
      $85,000
      Educational
      $90,000
      Residential Income
      $90,000
      Energy
      $85,000
      Income-Based Land
      $80,000
      Food Service
      $95,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.488
    Latitude
    47.6433
    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
    $1,359
    $69,560
    $83,700
    $153,260
    -
    $69,560
    $83,700
    $153,260

    Comparable in this City

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      4237 Cheney Spokane Rd

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    • Value Estimation
      $915,000
      95,700 SF

      9105 Us 2nd Hwy

      RESTAURANT • 95,700 SF
      9105 Us 2nd Hwy, Spokane, WA 99224-9434
      View Details
    • Value Estimation
      $505,000
      1,600 SF

      7611 Us 2nd Hwy

      RESTAURANT • 1,600 SF
      7611 Us 2nd Hwy, Spokane, WA 99224-9457
      View Details
    • Value Estimation
      $285,000
      420 SF

      2921 Sunset Blvd

      RESTAURANT • 420 SF
      2921 Sunset Blvd, Spokane, WA 99224-1901
      View Details
    • Value Estimation by Request

      10525 Sunset Hwy

      Restaurants
      10525 Sunset Hwy, Spokane, WA 99224
      View Details

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    Similar Nearby for Lease

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    Spokane, WA 99224
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    Realmo Value Estimation

    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.

    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.

    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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