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Property profile & analytics
FOR SALE
Hotels

3809 S Geiger Blvd Spokane, WA 99224

50,203 SF 7.26 ac lot Built 2019
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1791252
Property summary
AI-generated overview

This exceptional 12.091-acre commercial land parcel presents a unique investment opportunity in Spokane, Washington. Located at 3809 S Geiger Blvd, Spokane, WA 99224, this property is zoned for Regional Commercial use, offering significant development potential. The asking price is $2,633,510, translating to a land value of $5 per square foot. The expansive lot size provides ample space for a variety of commercial projects, making it ideal for build-to-suit developments or leasing opportunities. Its strategic location within Spokane County offers excellent access to major transportation routes, ensuring high visibility and convenient access for businesses and customers. This property is ready for immediate development, presenting a compelling opportunity for investors seeking a high-return investment in a thriving commercial market. The property's zoning allows for a wide range of commercial uses, providing flexibility for potential developers. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a significant commercial land holding in a rapidly growing area of Spokane. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 2019
Total area 50,203 SF
Lot 7.26 ac (316,419 SF)
APN 25335.0125
UPID US90-1791252
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
  • Sleep Inn Spokane Airport Hotel & Motel
  • Mainstay Suites Spokane Airport Hotel & Motel Vacation Rental
  • The Bar at Sleep Inn | MainStay Suites Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bluewhale LLC · 1 yrs held
Bluewhale LLC
since 2024
Last sale
$10.2M
7 recorded transactions
2024
$10.2M
2023
Price N/A
2018
Price N/A
2017
$550,000
2011
Price N/A
2011
$550,000
2011
$697,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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