Financial
Distress signals
Property profile

509 N Sullivan Rd C Veradale, WA 99037

FOR LEASE
Retail space
Property ID
US90-1605136
11,770 SF 1.56 ac lot Built 2004
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial restaurant space in the Spokane Valley, situated along a high-traffic north–south arterial and configured to support customer access with on-site parking for 65 vehicles. The site includes pylon signage for prominent identification and is located within a retail strip that features nearby businesses such as Natalie Nails, Little Caesars Pizza, Game Stop, Eye Guys, Family Eye Care, GNC, and GESA Credit Union. The restaurant has an established operating use and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$30k
Tax billed · 2023
Assessed value · 2024$3.09M
Assessed land$816k
Assessed improvement$2.27M
Effective rate0.97%

Value estimate

· Sep 2026
$1.82M
$1.63M – $2.00M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
Submarket average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$61 – $244
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.4
HVAC Service9.7
Smoke and Vape Shop9.0

Location

509 N Sullivan Rd, Unit C Veradale, WA 99037
County assessor Recorded deeds · not on file 6 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 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message