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    Property profile & analytics

    1107 Sharp Ave Spokane, WA 99201

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-3173588
    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

    • Commercial real estate

    Property Details for 1107 Sharp Ave

    Property type
    Commercial real estate

    Description

    This three-unit apartment building, located at 1107 W Sharp Ave in Spokane, WA 99201, presents a compelling investment opportunity. The property is classified as a Class C multifamily building and is currently listed at $340,000, offering a price per unit of $113,333.33. The building boasts three fully renovated units: two one-bedroom, one-bathroom units each renting for $1,000 per month, and one two-bedroom, one-bathroom unit renting for $1,250 per month. Additionally, a detached garage generates an extra $50 in monthly rental income. The property's convenient location offers proximity to public transportation (bus routes) and the Spokane city center, enhancing its appeal to renters. The building's strong performance is reflected in its actual cap rate of 8.45%, exceeding the initial projection of 6.99%. This well-maintained triplex provides a stable and potentially lucrative investment opportunity in a desirable Spokane location. Financial records are available upon request. The property is situated in Spokane County and its GPS coordinates are 47.6689524 latitude and -117.4286644 longitude.

    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
    -117.4286644
    Latitude
    47.6689524

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    Similar Nearby for Sale

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    • Contact for pricing

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    Similar Nearby for Lease

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    1107 Sharp Ave
    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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