Property profile

4 1st St Cheney, WA 99004

OFF-MARKET
Auto shops
Property ID
US90-0260531
1,800 SF 0.12 ac lot Built 1948
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Cheney, WA flex space presents a unique investment opportunity. Located at 4 1st Street, this 2,640 square foot industrial property sits on a 0.12-acre lot with convenient 1st Street frontage. Built in 1948, the single-story building features three roll-up doors, ideal for efficient loading and unloading. The property has a rich history, having housed Jarms Pump Service since 1972, a well-established business specializing in residential water pump installation and repair within the Spokane area. The 2023 gross sales for the business reached $649,000, demonstrating a strong and consistent revenue stream. The sale includes two service trucks, ready for immediate use. The current owner is retiring, presenting a seamless transition for a new operator. A steady pipeline of new business ensures continued success. All necessary electrical and water certifications are up-to-date. Note that an administrator's license is required for ownership and operation. This property offers significant potential for growth and expansion, making it an attractive investment for both seasoned entrepreneurs and first-time business owners. The asking price is $550,000. The property is located in Spokane County, WA, zip code 99004.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Total area 1,800 SF
Lot 0.12 ac (5,280 SF)
APN 13133.0107
UPID US90-0260531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4 1st St Cheney, WA 99004-1480
Cheney metro Census 14001 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2026
Last sale
$200,000
5 recorded transactions
2026
Price N/A
2025
$200,000
1995
$47,500
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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