Financial
Distress signals
Property profile

1705 2Nd St Cheney, WA 99004

FOR SALE
High-rise multifamily apartments
Property ID
US90-1640387
2,606 SF 0.24 ac lot Built 1971
Last sale Dec 2021 · $412,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional value-add opportunity presents a vacant, two-story, 2,606 square foot convenience store located at 1705 2nd St, Cheney, WA 99004. The property sits on a 0.21-acre lot in Spokane County and is priced at $700,000, translating to $268.61 per square foot. The building, constructed in 2024, boasts a Class C rating and is currently vacant, presenting a blank canvas for a new owner. The layout includes retail space on the ground floor and vacant office space on the second floor.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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?
$3k
Tax billed · 2023
Assessed value · 2024$365k
Assessed land$105k
Assessed improvement$260k
Effective rate0.84%

Value estimate

· Sep 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$52k
Vacancy & credit loss−$11k
Operating expenses−$10k
NOI · 4.10% cap applied$31k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$409/SF
County average, outlier-cleaned · 95 recorded sales of this use type
Observed band · Q1–Q3$196 – $841

Cap rate analysis

How does the asset earn?
4.10%
$31k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.5
Convenience Store9.5
Building Supply9.3

Location

1705 2Nd St Cheney, WA 99004
County assessor Recorded deeds · 9 transfers 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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