Financial
Distress signals
Property profile

206 E Wellesley Ave Spokane, WA 99207

FOR LEASE
Retail space
Property ID
US90-1325973
1,723 SF 0.13 ac lot Built 1952
Last sale Apr 2025 · $155,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial building is configured for flexible use, with the ability to operate as a single business space or to be divided into two suites. It has frontage and signage opportunities along Wellesley Avenue, located approximately two blocks east of Division and directly across from Northtown Mall. The surrounding area is characterized by retail and service businesses, and the site is suited for a wide variety of commercial uses.

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$176k
Assessed land$49k
Assessed improvement$126k
Effective rate0.98%

Value estimate

· Sep 2026
$180k
$162k – $198k
AI approach$195k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 1,489.83% cap applied$18k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$237/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$107 – $419
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,489.83%
$18k 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 Firm32.4
Building Supply21.5
Wholesale Shop16.2

Location

206 E Wellesley Ave Spokane, WA 99207
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3301 Nevada, Spokane, WA 99207-2943 $207,000 Feb 2026 1,350 SF
1001 Wellesley, Spokane, WA 99207-3270 $501,000 Dec 2024 2,186 SF
3813 Division, Spokane, WA 99207-1852 $300,000 May 2024 1,618 SF
4602 Nevada, Spokane, WA 99207-3241 $240,000 Jan 2024 2,125 SF
2010 Ruby, Spokane, WA 99207-2264 $375,000 Nov 2022 1,560 SF
2025 Hamilton, Spokane, WA 99207-2548 $850,000 Sep 2022 1,968 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?”
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