Financial
Distress signals
Property profile

118 E Lake St Medical Lake, WA 99022

FOR SALE
Other commercial real estate
Property ID
US90-1863725
1,924 SF 0.07 ac lot Built 1905
Last sale May 2007 · $74,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building in Medical Lake, Washington, encompassing approximately 1,924 square feet on a 0.07-acre lot. It is configured with a fully equipped salon setup, including eight custom-built hair stations, three backwash stations, four nail stations, three pedicure chairs, and a facial room with three treatment beds. Salon support features include two stand-up tanning units, a spray tan machine, a front-desk timer system, a disinfection machine, and a small office. The

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$1k
Tax billed · 2023
Assessed value · 2024$150k
Assessed land$10k
Assessed improvement$140k
Effective rate0.85%

Value estimate

· Sep 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 7.42% cap applied$21k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$161/SF
Submarket average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$105 – $234

Cap rate analysis

How does the asset earn?
7.42%
$21k 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: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store8.1
Convenience Store8.1
Butcher8.1

Location

118 E Lake St Medical Lake, WA 99022
County assessor Recorded deeds · 4 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

2 recorded sales · 3 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9907 Aero, Medical Lake, WA 99022 $454,000 Sep 2022 32,157 SF
104 Lk, Medical Lake, WA 99022-8571 $600,000 Jun 2022 3,348 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
3 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?”
More about this property
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