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Financial
Distress signals
Property profile

1850 N Division St Spokane, WA 99207

FOR SALE
Turn key restaurants
Property ID
US90-1619671
2,627 SF 0.49 ac lot Built 1971
Last sale Jun 2021 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a newly constructed Valvoline-branded site located in Spokane, Washington, within a developing urban area. It is configured for use as a Valvoline service facility and is under a ground-leased arrangement with a 15-year term; the lease structure indicates that landlord responsibilities are not part of the arrangement.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value · 2024$700k
Assessed land$554k
Assessed improvement$146k
Effective rate0.98%

Value estimate

· Oct 2026
$1.03M
$927k – $1.13M
AI approach$1.04M
Submarket $/SF estimate$637k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$4k
Operating expenses−$12k
NOI · 1.04% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$222/SF
Submarket average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$122 – $435

Cap rate analysis

How does the asset earn?
1.04%
$27k 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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply21.8
Wholesale Shop15.6
HVAC Service14.7

Location

1850 N Division St Spokane, WA 99207
County assessor Recorded deeds · 1 transfer Qualifying 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 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
206 Wellesley, Spokane, WA 99207-1414 $155,000 Apr 2025 1,723 SF
42 Wellesley, Spokane, WA 99207-1412 $360,000 Mar 2025 2,359 SF
1001 Wellesley, Spokane, WA 99207-3270 $501,000 Dec 2024 2,186 SF
103 Queen, Spokane, WA 99207-1420 $900,000 Apr 2024 3,348 SF
2004 Hamilton, Spokane, WA 99207-2578 $425,000 Feb 2024 2,495 SF
4602 Nevada, Spokane, WA 99207-3241 $240,000 Jan 2024 2,125 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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?”
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