Financial
Distress signals
Property profile

324 Sherman St Spokane, WA 99202

OFF-MARKET
Office buildings
Property ID
US90-2011627
20,940 SF 1.18 ac lot Built 1985
Last sale Nov 2012 · $77,000
Individually Owned Owner of record is an individual. 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property consists of two buildings totaling 20,695 square feet of net rentable space, including an 18,160-square-foot main building and a 2,535-square-foot aesthetic spa building, situated on a 1.34-acre site in the University District. The premises are configured to support professional medical and wellness-related uses, reflecting the presence of an established dermatology practice and an aesthetics-focused facility within the two-building layout.

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?
$34k
Tax billed · 2023
Assessed value · 2024$3.45M
Assessed land$514k
Assessed improvement$2.94M
Effective rate0.98%

Value estimate

· Sep 2026
$3.45M
$3.11M – $3.80M
Sales comparison$2.65M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$250/SF
Submarket average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$145 – $372

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath12.7
Plumbing Service10.1
Smoke and Vape Shop9.5

Location

324 Sherman St Spokane, WA 99202-1461
County assessor Recorded deeds · 5 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
520 Cowley, Spokane, WA 99202-1315 $2,250,000 Dec 2025 11,670 SF
501 Riverpoint, Spokane, WA 99202-1659 $12,200,000 Jan 2025 72,436 SF
3724 Frnt, Spokane, WA 99202-4705 $670,000 Aug 2023 6,200 SF
1803 Springfield, Spokane, WA 99202-2954 $1,500,000 Jan 2023 5,933 SF
3327 Olive, Spokane, WA 99202-4617 $6,000,000 Dec 2020 8,800 SF
502 5th, Spokane, WA 99202-1313 $745,000 Oct 2019 7,395 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
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 324 Sherman St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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