4020 57th Ave Spokane, WA 99223
Property profile & analytics
4020 57th Ave Spokane, WA 99223
- Drive through restaurants
- 407 SF
- 0.40 lot acres
Property ID
US90-2819451
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.
Location Intelligence
Current Use by Public Records
- Bloom Coffee Co. / Cafe & Coffee Shop
Property Details for 4020 57th Ave
- Year built
- 2022
- Lot size
- 0.40 lot acres
- Property size
- 407 SF
- Property type
- Drive through restaurants
- APN
- 34034.0210
- APU
- 340340210
Description
This exceptional Class A, 900 sq ft coffee stand, located at 4020 E 57th Ave, Spokane, WA 99223, is offered for sale at $385,000. Built in 2022, this single-story building boasts a 10-year gross lease (commencing October 1, 2022, with 7.9 years remaining) and includes all furniture, fixtures, and equipment, including a brand-new Franke automatic espresso machine. The property features five parking spaces and benefits from a prime location in a high-traffic area, serving as the sole coffee stand in the immediate vicinity. Currently operating six days a week (5 AM to 5 PM), the business generates $430,000 in annual sales and a current NOI of $50,000, with a pro-forma NOI of $88,000 and a pro-forma cap rate of 22.86%. The property is situated in a rapidly growing area with new housing developments and a new YMCA under construction nearby. The ground lease expires October 1, 2032, with rent bumps tied to the CPI. Seller financing is available. This is a unique opportunity to acquire a thriving, established business with significant growth potential in a high-demand market. The property is zoned commercial and has one lease option remaining. The 100% occupancy began September 1, 2022.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.35
- Latitude
- 47.6018
- 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
$1,099
$87,120
$0.00
$87,120
-
$87,120
$0.00
$87,120
