Property profile

202 E Spokane Falls Blvd Spokane, WA 99202

FOR LEASE
Banks
Property ID
US90-0932591
6,800 SF 0.32 ac lot Built 1929
Entity Owned 9-yr Hold Free & Clear
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202 E Spokane Falls Blvd, Spokane, WA 99202 For Lease
Contact for pricing 2,590 SF available
202 E Spokane Falls Blvd, Spokane, WA 99202
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Property summary

AI-generated overview

This exceptional office space, located at 202 E Spokane Falls Blvd in Spokane, WA 99202, offers two available suites within the River Bank Building. The building is classified as a Class B Traditional Office building with multiple tenancies. The available spaces range in size from approximately 3,551 to 3,842 square feet, providing ample room for various business needs. The property's central downtown Spokane location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the city. The building's traditional office design provides a professional and functional workspace. With a total of 3,842 square feet currently vacant, this presents a significant opportunity for businesses looking to expand or establish a new office in a thriving urban environment. The precise layout and configuration of the available spaces can be provided upon request. This listing presents a rare chance to secure high-quality office space in a desirable location within Spokane's vibrant business district. Interested parties are encouraged to inquire for further details and scheduling a viewing.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1929
Construction CONCRETE
Total area 6,800 SF
Lot 0.32 ac (13,945 SF)
APN 35173.0401
UPID US90-0932591

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
  • Bank Loan Service
  • Charitable Organization Social Service Agency
  • Physician
  • Financial Advisor
  • Accounting Firm

Location

202 E Spokane Falls Blvd Spokane, WA 99202
Spokane metro Census 14500 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$949k
Blend (final) Blend
$795k

Owner & transaction history

since 2017
7 recorded transactions
2017
Price N/A
2017
Price N/A
2016
$2.8M
2016
Price N/A
2006
Price N/A
2000
$114,500
1999
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $1.2M +5.8%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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