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    Property profile & analytics
    OFF-MARKET Estimated value $505,000
    Parking lots & garages

    217 Napa St, Spokane, WA 99202-3034

    3,072 SF 0.27 ac lot Built 1979
    Entity Owned ~ Est. High Equity
    Property ID
    US90-0262441
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 100% occupied, single-tenant warehouse located at 217 N Napa St, Spokane, WA 99202. The property, built in 1979 and renovated in 1981, boasts a light industrial zoning designation (Spokane County) and comprises a single building totaling [Building size - information not provided, please add this data]. Currently leased to Advanced Life Systems under a Net Lease (NNN) agreement, the tenant occupies the entire space through July 31, 2027, providing a stable income stream. The asking price for this turnkey investment is $575,000. Detailed building floor plans are available upon request. This property is ideally suited for investors seeking a secure, long-term, passive income generating asset in a desirable Spokane location. The property's location offers convenient access to major transportation routes, enhancing its logistical appeal. The 1981 renovation ensures the building is well-maintained and equipped to meet the needs of its current tenant. This is a rare opportunity to acquire a fully leased, low-maintenance industrial property in a thriving market. Further information, including detailed financial statements, is available to qualified buyers. Don't miss this chance to add a strong performing asset to your portfolio.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1979
    Construction STEEL FRAME
    Total area 3,072 SF
    Lot 0.27 ac (11,942 SF)
    APN 35163.2708
    UPID US90-0262441
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $480k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $685k
    Blend (final) Blend
    $505k
    Owner & transaction history
    North Napa LLC
    North Napa LLC
    since 2025
    7 recorded transactions
    2025
    2022
    2022
    $575,000
    2020
    2019
    $283,000
    2019
    2003
    $153,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $770,000 +49.5%
    Medical building $730,000 +42.2%
    Auto repair, garage $605,000 +18.1%
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