Individually Owned 
For Sale
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1625 W Broadway Ave, Spokane, WA 99201
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Property summary
AI-generated overview
This exceptional 4,910 square foot retail/warehouse property, located at 1625 W Broadway Ave in Spokane, Washington, presents a unique investment opportunity. The single-tenant building sits on a substantial 5.936-acre lot, offering ample space for expansion or outdoor storage. The property boasts convenient access and high visibility, situated near downtown Spokane and the desirable Kendall Yards neighborhood. With 3-phase power and one overhead door, this space is well-suited for a variety of uses. Traffic counts reveal significant daily traffic volume on nearby N Maple Street (45,000 ADT) and W Broadway Avenue (3,000 ADT), ensuring high potential for customer reach. The CC1, NC zoning allows for flexible usage, including retail, office, and light industrial applications. The entire 4,910 square feet is currently vacant, providing immediate occupancy for a new tenant or owner-occupier. This property's combination of size, location, and zoning makes it an ideal choice for businesses seeking a versatile and strategically positioned space in a thriving Spokane neighborhood. The expansive lot size also offers significant potential for future development or expansion.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,910 SF
Lot
0.14 ac (5,936 SF)
APN
25134.0301
UPID
US90-1733662
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 Printing Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$565k
Owner & transaction history
since 2023
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$970,000
+22.5%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$565k
Value range
$509k – $622k
±10% around blend
Estimated value / SF
$115 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$509k
blend $565k
$622k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,910 SF
Lot area
0.14 ac
Year built
1927
Stories
2
APN
25134.0301
Assessed value
$404,790
Annual tax
$3,959
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$516k
Range $516k – $1.15M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$565k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 65 sales
$161
-29%
County 92 sales
$152
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $115/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+22%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$600k
Move the market yield to see immediate price impact.
Value / SF
$122
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$38k
$756k
$540k
$420k
$42k
$840k
$600k
$467k
$46k
$924k
$660k
$513k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,959
Tax year 2023
Assessed value
$404,790
Assessed 2024
Previous assessed
$217,880
+85.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$47,490
Assessed improvement
$357,300
Land market value
$47,490
Improvement market value
$357,300
Total market value
$404,790
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Total area
4,910 SF
Lot
0.14 ac (5,936 SF)
APN
25134.0301
UPID
US90-1733662
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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