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165 Washington St Spokane, WA 99201-4329

OFF-MARKET Hotels Google Maps
10,542 SF 0.45 ac lot Built 1957
Entity Owned 13-yr Hold ~ Est. High Equity
Estimated value (blended)
$625k
Range $563k – $688k (±10%)
Property ID US90-0262140

Property summary

AI-generated overview

This established Spokane, WA motel presents a compelling investment opportunity. Located at 165 S Washington St, this turn-key operation boasts 43 rental rooms – 39 singles and 4 doubles – plus two residential units for managers. Built in two phases during the 1950s, the property comprises three buildings across a 0.45-acre lot, totaling 26,270 square feet. Each guest room is equipped with a TV, microwave, and refrigerator, and the property benefits from consistently positive year-over-year revenue. All rooms are non-smoking. The motel's furniture, fixtures, and equipment (FF&E) are included in the sale price of $1,999,500 ($95.17/sq ft). The property's strong performance is further enhanced by the high demand for affordable housing in downtown Spokane. Detailed financial information is available upon execution of a non-disclosure agreement. Showings are by appointment only

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1957
Total area 10,542 SF
Lot 0.45 ac (19,525 SF)
APN 35191.0504
UPID US90-0262140

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
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$436k
Blend (final) Blend
$625k

Owner & transaction history

since 2013
3 recorded transactions
2016
Price N/A
2013
$900,280
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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