Financial
Distress signals
Property profile

428 E Pacific Ave Spokane, WA 99202

FOR LEASE
Office buildings
Property ID
US90-1122509
4,310 SF 0.65 ac lot Built 1910
Last sale Dec 2019 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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428 E Pacific Ave, Spokane, WA 99202 For Lease
Contact for pricing 5,501 SF available
428 E Pacific Ave, Spokane, WA 99202
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Property summary

AI-generated overview

The property at 428 E Pacific Ave in Spokane, Washington is configured as a retail space with a large open layout. Ceiling heights range from approximately 10 to 15 feet. The interior area measures 1,247 square feet and is equipped with an HVAC system.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$613k
Assessed land$256k
Assessed improvement$357k
Effective rate0.98%

Value estimate

· Sep 2026
$350k
$315k – $385k
Submarket $/SF estimate$932k
NOI build-up
Gross scheduled income$89k
Vacancy & credit loss−$8k
Operating expenses−$24k
NOI · 2,853.95% cap applied$57k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$250/SF
Submarket average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$145 – $372
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2,853.95%
$57k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath12.7
Plumbing Service9.2
Locksmith8.7

Location

428 E Pacific Ave Spokane, WA 99202
County assessor Recorded deeds · 9 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1817 Springfield, Spokane, WA 99202-2913 $1,600,000 Jun 2025 4,877 SF
25 Ferrall, Spokane, WA 99202 $1,000,000 Aug 2024 4,723 SF
1315 Division, Spokane, WA 99202-1899 $1,187,500 Nov 2022 5,132 SF
1514 Sprague, Spokane, WA 99202-3113 $300,000 May 2021 4,800 SF
2211 Riverside, Spokane, WA 99202-3802 $300,000 Apr 2021 3,908 SF
207 Freya, Spokane, WA 99202-4701 $4,665,255 Dec 2019 4,380 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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