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    Property profile & analytics

    407 2nd Ave Spokane, WA 99201

    • Parking lots & garages
    • 4,047 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Location Intelligence
    Property ID
    US90-1469511
    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

    • Center for Solace / Mental Health Clinic
    • Angela Enger / Occupational Therapist / Practitioner Service Location
    • Patty Sonneland / Counselor
    • Dr. Benjamin Hubbard / Family Practice Physician / Occupational Medical Physician
    • Summit Rehab Assoc PLLC / Occupational Therapist

    Property Details for 407 2nd Ave

    Year built
    1890
    Lot size
    0.16 lot acres
    Property size
    4,047 SF
    Property type
    Parking lots & garages
    APN
    35191.2904
    APU
    351912904

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $265,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $310,000
      Mixed-Use
      $305,000
      Hospitality
      $300,000
      Educational
      $270,000
      Residential Income
      $240,000
      Energy
      $255,000
      Income-Based Land
      $315,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.418
    Latitude
    47.6543
    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
    $2,046
    $195,250
    $13,400
    $208,650
    -
    $195,250
    $13,400
    $208,650

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      1224 College Ave

      PARKING LOT • 0.11 Acres
      1224 College Ave, Spokane, WA 99201
      View Details
    • Value Estimation by Request
      0.11 Acres

      518 Dean Ave

      PARKING LOT • 0.11 Acres
      518 Dean Ave, Spokane, WA 99201
      View Details
    • Value Estimation by Request
      0.12 Acres

      1223 Main Ave

      PARKING LOT • 0.12 Acres
      1223 Main Ave, Spokane, WA 99201
      View Details
    • Value Estimation by Request
      18,610 SF

      1102 Sprague Ave

      PARKING GARAGE, PARKING STRUCTURE • 18,610 SF
      1102 Sprague Ave, Spokane, WA 99201
      View Details
    • Value Estimation by Request
      9,200 SF

      314 Sprague Ave

      PARKING GARAGE, PARKING STRUCTURE • 9,200 SF
      314 Sprague Ave, Spokane, WA 99201-3711
      View Details
    • Value Estimation by Request
      1,800 SF

      817 Monroe St

      PARKING GARAGE, PARKING STRUCTURE • 1,800 SF
      817 Monroe St, Spokane, WA 99201
      View Details

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    Similar Nearby for Lease

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      Retail Space on Monroe Street

      Retail space available on high-traffic Monroe Street.
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      Retail, office, or flex space in high-traffic corridor.
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      1,362 SF

      Retail Space in Spokane, WA

      Retail space available for lease in Spokane, Washington.
      152 S Washington St, Spokane, WA 99201
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    • $12 SF/Yr
      3,026 SF

      Retail Space with Patio Access

      Shell condition retail space with potential tenant improvements and patio.
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      Retail Space on Main Avenue

      Retail space available for lease in Spokane, Washington.
      301 W Main Ave, Spokane, WA 99201
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    • $12 SF/Yr
      1,215 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane, WA.
      1502-1510 N Monroe St, Spokane, WA 99201
      View Details
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    407 2nd Ave
    Spokane, WA 99201
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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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