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    121 Wall St Spokane, WA 99201

    • Office buildings
    • 1,595 SF
    • 0.12 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $365,000
    Last Sale
    Feb 25, 2020
    Location Intelligence
    Property ID
    US90-0644243
    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

    • Roen Associates - Spokane / Construction Company
    • Chris White's House of Sound / Recording Studio
    • Off the Wall Spokane / Restaurant

    Property Details for 121 Wall St

    Year built
    1900
    Lot size
    0.12 lot acres
    Property size
    1,595 SF
    Property type
    Office buildings
    APN
    35191.5525
    APU
    351915525

    Description

    This unique, historic two-story building at 121 S Wall St in Spokane, WA 99201 offers 3,190 square feet of versatile office space ideal for a variety of creative businesses. The single-tenant space features an open floor plan enhanced by a skylight, creating a bright and inspiring work environment. Adding to its charm is a functioning wood-burning fireplace and a private balcony patio. The property's prime downtown location provides easy access to Spokane's vibrant restaurant, shopping, and entertainment scene. Three parking spaces are available for lease in the nearby WTB East Building parking garage at a monthly rate of $140. This adaptable space is perfect for law firms, architectural firms, design firms, digital marketing agencies, sales teams, call centers, art studios, music studios, or any creative hub seeking a unique and inspiring workspace. The building's character and central location make it an exceptional opportunity for a business seeking a distinctive presence in the heart of Spokane. The property is vacant and ready for immediate occupancy.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.422
    Latitude
    47.656
    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
    $3,074
    $138,770
    $168,800
    $307,570
    -
    $138,770
    $168,800
    $307,570

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    121 Wall St
    Spokane, WA 99201
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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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