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    Property profile & analytics

    34 Wellesley Ave Spokane, WA 99207-1412

    • Office buildings
    • 4,186 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $155,000
    Last Sale
    Jan 14, 2022
    $163,836
    Location Intelligence
    Property ID
    US90-0609462
    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

    • Master Nails / Nail Salon

    Property Details for 34 Wellesley Ave

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    4,186 SF
    Property type
    Office buildings
    APN
    35052.0403
    APU
    350520403

    Description

    This exceptional retail property at 34-36 E Wellesley Ave, Spokane, WA 99207, offers a total of 4,186 square feet of commercial space in Spokane County. The property is configured as two separate units: a 1,200 square foot unit and a 2,986 square foot unit, providing flexibility for a variety of business needs. Its single-tenant occupancy allows for complete control and customization. Located in a high-traffic area of Spokane, this property benefits from excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in the Spokane market. The property's central location within Spokane offers convenient access to major transportation routes, amenities, and a thriving customer base. This presents a unique opportunity for businesses seeking a dynamic and vibrant workspace in a bustling area of Spokane. The ample square footage allows for diverse layouts and configurations to suit various business operations. This property is ready for immediate occupancy and offers a chance to establish a successful business in a prime Spokane location. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $160,000
      6.5%
      $175,000
      7%
      $155,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $195,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $170,000
      Retail
      $180,000
      Mixed-Use
      $145,000
      Hospitality
      $185,000
      Educational
      $175,000
      Residential Income
      $150,000
      Energy
      $165,000
      Income-Based Land
      $175,000
      Food Service
      $155,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.41
    Latitude
    47.7005
    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
    $3,042
    $95,610
    $215,200
    $310,810
    -
    $95,610
    $215,200
    $310,810

    Comparable in this City

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      900 SF

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      OFFICE BUILDING • 900 SF
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    34 Wellesley Ave
    Spokane, WA 99207-1412
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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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