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126 Sheridan St Spokane, WA 99202-1527

OFF-MARKET Distribution centers Google Maps
39,202 SF 0.98 ac lot Built 1935
Entity Owned 22-yr Hold ~ Est. High Equity
Estimated value (blended)
$925k
Range $833k – $1.02M (±10%)
Property ID US90-0025348

Property summary

AI-generated overview

This exceptional Spokane, WA property at 126 S Sheridan St offers a unique blend of warehouse and traditional office space, ideal for a variety of businesses. The single-story, 39,202 square foot building, constructed in 1935, sits on a single lot (APN 35202.1302) and presents a significant opportunity. Currently offering multiple tenancies, one space of 2,500 square feet is immediately available. The property's industrial classification, combined with its traditional office space, provides flexibility for businesses needing both storage and office functionality. Located in Spokane, WA, 99202, this property benefits from convenient access to major transportation routes and city amenities. The building's single-story design optimizes efficiency and accessibility. With its substantial square footage and versatile layout, this property is well-suited for businesses seeking a prominent location in a thriving Spokane market. The property's history and established presence in the community add to its appeal. Serious inquiries are encouraged to explore the potential of this unique industrial and office space.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 39,202 SF
Lot 0.98 ac (42,600 SF)
APN 35202.1302
UPID US90-0025348

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.23M
Blend (final) Blend
$925k

Owner & transaction history

since 2004
3 recorded transactions
2004
$700,000
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
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