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Financial
Distress signals
Property profile

217 N Napa St Spokane, WA 99202

FOR SALE
Parking lots & garages
Property ID
US90-0262441
3,072 SF 0.27 ac lot Built 1979
Last sale Oct 2022 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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,…

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?
$3k
Tax billed · 2023
Assessed value · 2024$262k
Assessed land$48k
Assessed improvement$214k
Effective rate0.98%

Value estimate

· Oct 2026
$520k
$468k – $572k
AI approach$480k
Submarket $/SF estimate$685k
NOI build-up
Gross scheduled income$88k
Vacancy & credit loss−$12k
Operating expenses−$19k
NOI · 12.60% cap applied$57k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$167/SF
Submarket average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$107 – $323

Cap rate analysis

How does the asset earn?
12.60%
$57k 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: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office16.8
Law Firm16.5
Hair Salon13.4

Location

217 N Napa St Spokane, WA 99202
County assessor Recorded deeds · 10 transfers 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2618 Sprague, Spokane, WA 99202-3939 $450,000 Apr 2024 4,196 SF
1815 Trent, Spokane, WA 99202-2944 $850,000 Aug 2022 3,300 SF
12 Grant, Spokane, WA 99202 $1,285,000 Dec 2021 2,108 SF
1115 Nelson, Spokane, WA 99202-6106 $43,000 Jul 2020 2,240 SF
3615 Frnt, Spokane, WA 99202-4703 $450,000 Jul 2020 2,400 SF
111 Crestline, Spokane, WA 99202-3002 $160,000 Oct 2019 2,554 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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