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Financial
Distress signals
Property profile

3024 S Regal St Spokane, WA 99223

FOR SALE
Retail properties & Spaces
Property ID
US90-1546243
3,564 SF 0.16 ac lot Built 1995
Last sale Aug 2026 · $313
Trust Owned Owner of record is a trust. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional drive-thru restaurant in Spokane, WA, presents a lucrative investment opportunity. Boasting 3,564 square feet, this Class A property, built in 1995, offers a compelling 35.29% cap rate and a substantial net operating income (NOI) of $120,000. The asking price is $340,000, translating to $95.40 per square foot. The business itself shows a strong track record, with a 2023 net profit of $119,187 before add-backs, indicating high-volume gross sales and a history of success. The…

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?
$6k
Tax billed · 2023
Assessed value · 2024$584k
Assessed land$86k
Assessed improvement$498k
Effective rate0.98%

Value estimate

· Oct 2026
$330k
$297k – $363k
CAP approach$570k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$5k
Operating expenses−$16k
NOI · 24.65% cap applied$37k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$230/SF
Submarket average, outlier-cleaned · 212 recorded sales of this use type
Observed band · Q1–Q3$91 – $419
Qualifying comparables15

Cap rate analysis

How does the asset earn?
24.65%
$37k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.7
Building Supply12.7
Wholesale Shop12.4

Location

3024 S Regal St Spokane, WA 99223
County assessor Recorded deeds · 2 transfers 15 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5609 Perry, Spokane, WA 99223-6346 $1,000,000 Oct 2022 3,752 SF
5611 Perry, Spokane, WA 99223-6346 $1,000,000 Oct 2022 3,040 SF
5019 Palouse, Spokane, WA 99223-7186 $650,000 Feb 2022 5,040 SF
3003 30th, Spokane, WA 99223-4770 $710,000 Jan 2021 3,392 SF
3158 17th, Spokane, WA 99223-5137 $600,000 Jun 2020 3,604 SF
2710 57th, Spokane, WA 99223-6678 $2,200,000 Dec 2019 6,875 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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