505 W Riverside Ave Spokane, WA 99201
Property profile & analytics
505 W Riverside Ave Spokane, WA 99201
- Office buildings
- 8,376 SF
- 0.21 lot acres
Property ID
US90-0644233
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
- Tila Mortgage / Loan Service / Bank
- Forensic Accounting Corp / Accounting Firm / Tax Preparation
- Law Offices of Jennifer Gellner, LL.M., PLLC / Law Firm
- Umpqua Bank / Bank / Loan Service
- Bjordahl Stacy A / Law Firm
Property Details for 505 W Riverside Ave
- Year built
- 1890
- Lot size
- 0.21 lot acres
- Property size
- 8,376 SF
- Property type
- Office buildings
- APN
- 35184.2701
- APU
- 351842701
Description
The Fernwell Building, located at 505 W Riverside Ave, Spokane, WA 99201, offers exceptional office space for lease. This six-story, Victorian-era building boasts 50,256 square feet on a 0.21-acre lot, with cross-street access via Stevens Street (APN 35184.2701). The building features a stunning six-story atrium with a central skylight, creating a bright and inviting atmosphere. Multiple tenancy options are available, ranging from 959 square feet to 7,173 square feet, with additional space potentially available. The building is equipped with energy-efficient systems and incorporates green and sustainable management practices. High-speed internet connectivity is provided by fiber optic providers XO and CenturyLink, as well as Comcast. Ample parking is conveniently located within a two-block radius. This property presents a unique opportunity to lease high-quality office space in a desirable Spokane location, combining historical charm with modern amenities. The building's traditional and executive office spaces cater to a variety of business needs. Inquire today to learn more about available space and lease terms.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $1,970,000
- 7%
- $1,830,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,718,000
- AI Estimate
- $2,207,000
Market price range: $1.13M - $2.72MMarket price range: $420k - $2.21M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,075,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $3,665,000 Change: +77% Conversion: Easy
- MEDICAL BUILDING
- $1,990,000 Change: -4% Conversion: Easy
- RESTAURANT
- $1,855,000 Change: -10% Conversion: Moderate
- RETAIL STORES
- $1,810,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.42
- Latitude
- 47.6577
- 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
$29,962
$631,610
$3,250,200
$3,881,810
-
$631,610
$3,250,200
$3,881,810
