Technical
Financial
Distress signals
Property profile

1821 5th Ave Spokane, WA 99201

OFF-MARKET
Banks
Property ID
US90-3368255
20,682 SF 0.67 ac lot Built 2005
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 1821 W 5th Ave in Spokane, WA 99201, offers a unique blend of office and warehouse space. The 11,505 square foot building, constructed in 2005, sits on a generous 29,049 square foot lot and is zoned Downtown General (APN: 25241.4624). The property features multiple tenancy options, with a total of 15 parking stalls (1.3 per 1,000 square feet). Currently, there is 1,596 square feet of vacant space available for lease. The building boasts 800 AMP, 3-phase power. Two suites are available. Suite 101 offers approximately 1,596 square feet, divided between the main and second floors (approximately 798 square feet each), with a lease rate of $1.00 per square foot per month, plus a $0.40 per square foot NNN expense. Suite 106 comprises approximately 5,152 square feet, including approximately 1,506 square feet of first-floor office space, approximately 1,002 square feet of warehouse space, and approximately 2,644 square feet of second-floor office space. The lease rate for Suite 106 is $0.80 per square foot per month, plus a $0.40 per square foot NNN expense. This property presents a compelling opportunity for businesses seeking versatile and well-located commercial space in the heart of Spokane. The property's size, amenities, and central location make it an ideal investment for a variety of commercial uses.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2005
Total area 20,682 SF
Lot 0.67 ac (29,049 SF)
APN 25241.4624
UPID US90-3368255

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
  • Homeowners' Association Property Management Company
  • Accounting Firm Tax Preparation
  • Law Firm

Location

1821 5th Ave Spokane, WA 99201-5625
Spokane metro Census 3602 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$620k

Owner & transaction history

since 2019
4 recorded transactions
2019
$1.3M
2012
Price N/A
2007
$1.4M
2004
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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