Technical
Financial
Distress signals
Property profile

1222 Post St Spokane, WA 99201

OFF-MARKET
Banks
Property ID
US90-3299682
14,000 SF 0.52 ac lot Built 1998
Entity Owned 21-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10,334 square foot Class B office building, located at 1222 N Post St in Spokane, Washington, 99201, presents a unique investment opportunity. Currently vacant, this property is ideally suited for an owner-user or savvy investor seeking a prime location. The building features a desirable medical office and traditional office subtype, offering versatility for a range of businesses. Priced at $1,895,000 ($183.38/SF), the property operates under a triple net (NNN) lease structure, making it an attractive option for those seeking predictable operating expenses. The building boasts ample on-site parking, a significant advantage in a bustling urban area. Its convenient location offers proximity to Downtown Spokane and the Spokane Arena, ensuring high visibility and accessibility. The property is anticipated to be available in Q4 2024, with the possibility of earlier occupancy. This is a rare chance to acquire a well-situated, versatile office building in a thriving Spokane neighborhood. The single-tenancy structure simplifies management and provides a clear path to maximizing return on investment. The building's size and features make it an excellent choice for a variety of uses, from medical practices to corporate offices. Don't miss this opportunity to secure a valuable asset in a dynamic market.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1998
Total area 14,000 SF
Lot 0.52 ac (22,500 SF)
APN 35182.1617
UPID US90-3299682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Social Service Agency Charitable Organization
  • Charitable Organization Social Service Agency

Location

1222 Post St Spokane, WA 99201-2518
Spokane metro Census 2400 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$682k
Blend (final) Blend
$575k

Owner & transaction history

since 2004
3 recorded transactions
2004
$1.5M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1222 Post St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message