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    Property profile & analytics

    2507 Wellesley Ave Spokane, WA 99205-5007

    • Grocery and convenience stores
    • 55,612 SF
    • 5.53 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1723434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Safeway Pharmacy / Drug Store / Vitamin & Supplements Store
    • Carrie D. Lewchuk Sr, RPH / Pharmacy
    • Safeway Liquor / Liquor Store
    • Starbucks / Coffee Shop / Cafe
    • Coinstar Kiosk - Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 2507 Wellesley Ave

    Year built
    2001
    Lot size
    5.53 lot acres
    Property size
    55,612 SF
    Property type
    Grocery and convenience stores
    APN
    25012.0018
    APU
    250120018

    Description

    The Shadle Center, a 282,000 square foot retail strip center built in 2003, offers exceptional opportunities for businesses seeking prime Spokane, Washington locations. Currently, there are multiple spaces available, ranging from a minimum of 618 square feet to a maximum contiguous space of 2,000 square feet. A total of 2,000 square feet is currently vacant and ready for immediate occupancy. This vibrant shopping center benefits from a strong anchor tenant lineup, including Walmart, Safeway, Dollar Tree, and Rite Aid, creating a high-traffic environment and significant customer draw. The property is strategically located at 2507 W Wellesley Ave, Spokane, WA 99205, providing excellent visibility and accessibility. The center's design caters to a variety of retail uses, making it an ideal location for businesses seeking exposure to a large customer base. The property's location in Spokane, Washington offers a thriving market with a diverse population and strong economic indicators. This is a rare opportunity to secure retail space in a well-established and highly successful shopping center. Interested parties should inquire about available space and lease terms.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.448
    Latitude
    47.6992
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $92,352
    $1,203,610
    $8,266,600
    $9,470,210
    -
    $1,203,610
    $8,266,600
    $9,470,210

    Comparable in this City

    • Value Estimation by Request
      49,871 SF

      1724 Francis Ave

      GROCERY, SUPERMARKET • 49,871 SF
      1724 Francis Ave, Spokane, WA 99205-6833
      View Details
    • Value Estimation by Request
      3,384 SF

      1809 Ash St

      CONVENIENCE STORE • 3,384 SF
      1809 Ash St, Spokane, WA 99205-4205
      View Details
    • Value Estimation
      $390,000
      2,236 SF

      3039 Monroe St

      CONVENIENCE STORE • 2,236 SF
      3039 Monroe St, Spokane, WA 99205-3363
      View Details
    • Value Estimation
      $360,000
      2,613 SF

      2407 Monroe St

      CONVENIENCE STORE • 2,613 SF
      2407 Monroe St, Spokane, WA 99205-3350
      View Details
    • Value Estimation
      $280,000
      240 SF

      2415 Maple St

      CONVENIENCE STORE • 240 SF
      2415 Maple St, Spokane, WA 99205
      View Details
    • Value Estimation
      $560,000
      4,120 SF

      1023 Wellesley Ave

      CONVENIENCE STORE • 4,120 SF
      1023 Wellesley Ave, Spokane, WA 99205-1272
      View Details

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    2507 Wellesley Ave
    Spokane, WA 99205-5007
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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