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Financial
Distress signals
Property profile

12308 E Broadway Ave Spokane Valley, WA 99206

FOR LEASE
Office buildings
Property ID
US90-1485698
3,312 SF 0.54 ac lot Built 1976
Last sale Nov 2008
Individually Owned Owner of record is an individual. 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
12308 E Broadway Ave, Spokane Valley, WA 99206 For Lease
Contact for pricing 2,314 SF available
12308 E Broadway Ave, Spokane Valley, WA 99206
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Property summary

AI-generated overview

This commercial office space is located on the second floor and is approximately 2,314 square feet. The building was constructed in 1976 and has an overall size of approximately 5,456 square feet. The property is situated at a high-traffic, signalized intersection and has street-level visibility. The space is served by HVAC, with utilities including water, sewer, and garbage services included as part of the building service setup, while janitorial services are handled by the tenant. The site provides free on-site parking, and the parcel number is 45153.0413.

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.

Debts

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?
$5k
Tax billed · 2023
Assessed value · 2024$434k
Assessed land$164k
Assessed improvement$270k
Effective rate1.06%

Value estimate

· Oct 2026
$350k
$315k – $385k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$6k
Operating expenses−$8k
NOI · 1,180.14% cap applied$25k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$216/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$96 – $391

Cap rate analysis

How does the asset earn?
1,180.14%
$25k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility13.2
HVAC Service12.7
Electrical Service11.4

Location

12308 E Broadway Ave Spokane Valley, WA 99206
County assessor Recorded deeds · 1 transfer 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

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12707 Mansfield, Spokane Valley, WA 99216-7000 $33,309,514 Aug 2022 2,516 SF
16715 Trent, Spokane Valley, WA 99216-2500 $9,275,000 Mar 2022 1,092 SF
2617 Pioneer, Spokane Valley, WA 99216-1827 $875,000 Nov 2021 7,500 SF
1415 Houk, Spokane Valley, WA 99216-1043 $3,800,000 May 2021 609 SF
19201 Garland, Spokane, WA 99216 $765,785 Dec 2020 31,280 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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