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630 Shannon Ave Spokane, WA 99205-4615

Retail space Google Maps
5,055 SF 0.14 ac lot Built 1914
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$430k
Range $387k – $473k (±10%)
Property ID US90-0260544

Property summary

AI-generated overview

This exceptional commercial property, located at 630 W Shannon Ave in Spokane, WA, presents a unique investment opportunity. The building boasts a total of 5,055 square feet situated on a 0.14-acre lot. The layout is ideal for a variety of businesses, featuring approximately 3,750 square feet of warehouse space, perfectly suited for storage or light manufacturing. In addition, there is approximately 1,305 square feet of office space, providing ample room for administrative functions. The office area has recently undergone renovations, including the installation of new luxury vinyl plank (LVP) flooring and fresh paint, creating a modern and professional atmosphere. Three overhead doors, measuring 10x10, 11x11, and 11x12 feet, ensure easy access for loading and unloading of goods. This property's combination of warehouse and office space, coupled with its recent upgrades, makes it an attractive option for a wide range of commercial enterprises. The convenient Spokane location adds to its appeal. This is a prime opportunity to acquire a well-maintained and versatile commercial space in a desirable location. The asking price is $550,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1914
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,055 SF
Lot 0.14 ac (6,000 SF)
APN 35074.2607
UPID US90-0260544

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2022
Last sale
$474,750
7 recorded transactions
2022
$474,750
2020
$350,000
2017
$125,000
2001
$70,000
1995
$30,000
1969
Price N/A
1969
Price N/A

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
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More about this property
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