You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $9,645,000
Grocery and convenience stores

2507 Wellesley Ave Spokane, WA 99205-5007

55,612 SF 5.53 ac lot Built 2001
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1723434
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2001
Total area 55,612 SF
Lot 5.53 ac (240,722 SF)
APN 25012.0018
UPID US90-1723434
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
Current use
Occupant on record · Public records
  • Safeway Pharmacy Pharmacy
  • Carrie D. Lewchuk Sr, RPH Pharmacy
  • Safeway Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Starbucks Cafe & Coffee Shop
  • Coinstar Kiosk - Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.88M
Comparable Approach Comparable
$9.93M
Blend (final) Blend
$9.65M
Owner & transaction history
P2j2 Shadle Associates LLC · 6 yrs held
P2j2 Shadle Associates LLC
since 2020
6 recorded transactions
2020
Price N/A
2013
Price N/A
2003
Price N/A
2002
Price N/A
2001
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $13.2M +97.4%
Restaurant $12.3M +84.0%
Office building $12.2M +82.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2507 Wellesley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message