Financial
Distress signals
Property profile

512 E Pacific Ave Spokane, WA 99202

FOR LEASE
Distribution centers
Property ID
US90-3341904
6,860 SF 0.17 ac lot Built 1986
Last sale Jan 2006 · $420,000
Individually Owned Owner of record is an individual. 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
512 E Pacific Ave, Spokane, WA 99202 For Lease
Contact for pricing 9,760 SF available
512 E Pacific Ave, Spokane, WA 99202
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Property summary

AI-generated overview

The property at 508 and 512 E Pacific Ave includes combined parcels #35202.1604 and #35202.1605 totaling 9,760 square feet and comprises warehouse and office space. It is situated on the periphery of downtown. The building was used for cannabis cultivation in its prior use, and it retains additional HVAC (AC) units, along with security fencing and camera systems installed by the prior tenant. The space is configured as warehouse and office use and can support a range of general uses consistent with its warehouse/office layout.

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?
$5k
Tax billed · 2023
Assessed value · 2024$547k
Assessed land$57k
Assessed improvement$490k
Effective rate0.98%

Value estimate

· Sep 2026
$355k
$320k – $391k
CAP approach$690k
Submarket $/SF estimate$532k
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$8k
Operating expenses−$11k
NOI · 1,593.88% cap applied$64k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$133/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$83 – $182
Qualifying comparables4

Cap rate analysis

How does the asset earn?
1,593.88%
$64k 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 & Bath11.9
Plumbing Service9.2
Locksmith8.7

Location

512 E Pacific Ave Spokane, WA 99202
County assessor Recorded deeds · 2 transfers 4 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
3825 Trent, Spokane, WA 99202-4422 $1,150,000 Dec 2021 10,340 SF
4110 Trent, Spokane, WA 99202-4429 $1,100,000 Jul 2021 15,856 SF
2018 Riverside, Spokane, WA 99202-5068 $1,301,100 Aug 2020 11,888 SF
3902 Fry, Spokane, WA 99202-4644 $3,500,000 Feb 2020 44,575 SF
401 Helena, Spokane, WA 99202-2907 $2,725,000 May 2019 19,355 SF
402 Perry, Spokane, WA 99202-2921 $1,085,000 Mar 2019 5,012 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?”
More about this property
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