Financial
Distress signals
Property profile

224 S Howard St Spokane, WA 99201

FOR SALE
Retail space
Property ID
US90-3187513
4,260 SF 0.1 ac lot Built 1908
Last sale Apr 2023 · $996,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Howard Building is a mixed-use property in Downtown Spokane featuring 40 apartment units and two ground-floor retail suites. The retail level contains one occupied suite and a second suite that is vacant, and the building includes shared laundry facilities and a communal gathering area for residents. A basement level is present and is described as having value-add potential for additional use. The building has undergone extensive interior upgrades, including fresh interior paint, new

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$1.31M
Assessed land$117k
Assessed improvement$1.19M
Effective rate0.75%

Value estimate

· Sep 2026
$935k
$842k – $1.03M
AI approach$995k
CAP approach$680k
NOI build-up
Gross scheduled income$399k
Vacancy & credit loss−$26k
Operating expenses−$168k
NOI · 11.40% cap applied$205k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$216/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$102 – $363
Qualifying comparables5

Cap rate analysis

How does the asset earn?
11.40%
$205k 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 Supply15.9
Carpet & Flooring Store10.2
Locksmith10.0

Location

224 S Howard St Spokane, WA 99201
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
209 Main, Spokane, WA 99201-0111 $1,100,000 Jan 2026 4,000 SF
930 2nd, Spokane, WA 99201-4502 $750,000 Mar 2025 3,529 SF
309 2nd, Spokane, WA 99201-6012 $1,650,000 Feb 2025 3,900 SF
1401 Monroe, Spokane, WA 99201-2624 $59,998 Dec 2023 5,776 SF
1209 1st, Spokane, WA 99201-4101 $1,175,000 Sep 2023 4,254 SF
1527 3rd, Spokane, WA 99201-7025 $475,000 Jun 2023 5,057 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?”
More about this property
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