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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    634 Perry St Spokane, WA 99202-3330

    • Residential income homes
    • 4,200 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2820835
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 634 Perry St

    Year built
    2017
    Lot size
    0.33 lot acres
    Property size
    4,200 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    35205.6311
    APU
    352056311

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $740,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $605,000
      Market price range: $325k - $1.15M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.39
    Latitude
    47.65
    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
    $12,939
    $54,450
    $1,271,350
    $1,325,800
    -
    $54,450
    $1,271,350
    $1,325,800

    Comparable in this City

    • Value Estimation
      $680,000
      4,312 SF

      608 7th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,312 SF
      608 7th Ave, Spokane, WA 99202-2455
      View Details
    • Value Estimation
      $545,000
      3,850 SF

      3614 Fry Ave

      BOARDING/ROOMING HOUSE • 3,850 SF
      3614 Fry Ave, Spokane, WA 99202-4630
      View Details
    • Value Estimation
      $3,975,000
      32,018 SF

      3622 Hartson Ave

      BOARDING/ROOMING HOUSE • 32,018 SF
      3622 Hartson Ave, Spokane, WA 99202-5102
      View Details
    • Value Estimation
      $2,435,000
      13,406 SF

      1100 Superior St

      BOARDING/ROOMING HOUSE • 13,406 SF
      1100 Superior St, Spokane, WA 99202-2002
      View Details
    • Value Estimation
      $660,000
      6,435 SF

      2002 Msn Ave

      BOARDING/ROOMING HOUSE • 6,435 SF
      2002 Msn Ave, Spokane, WA 99202-2627
      View Details
    • Value Estimation
      $625,000
      252 SF

      904 Hartson Ave

      BOARDING/ROOMING HOUSE • 252 SF
      904 Hartson Ave, Spokane, WA 99202-2338
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leased Investment Property For Sale

      Fully leased property with retail, apartments, and storage units.
      207 E Sprague Ave, Spokane, WA 99202
      View Details
    • Contact for pricing
      2,800 SF

      New Spokane Duplex Investment Opportunity

      New duplex near University District, ideal for house hacking.
      2321 E 7Th Ave, Spokane, WA 99202
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    • New
      $375,000
      Pending

      Updated Duplex in Perry District

      Charming, updated duplex in Spokane's desirable Perry District.
      522 E 8Th Ave, Spokane, WA 99202
      View Details
    • New
      $569,000
      0.11 Acres

      New Construction Duplex in Spokane

      New construction duplex with modern layout near Perry District.
      2324 E 7Th Ave, Spokane, WA 99202
      View Details
    • Contact for pricing
      2,244 SF

      Updated Triplex Near Universities

      Updated triplex near Gonzaga University and Spokane Community College.
      1907 E Sinto Ave, Spokane, WA 99202
      View Details
    • New
      $325,000
      1,050 SF

      Spokane Duplex Near Hospitals

      Cash-flowing duplex near hospitals and Perry District in Spokane.
      864 S Sherman St, Spokane, WA 99202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,830 SF

      Retail Space Available For Lease

      Retail property available for lease, offering 4830 square feet.
      130 S Division St, Spokane, WA 99202
      View Details
    • $20 SF/Yr
      13,557 SF

      Spokane Medical Office Building

      Prime Spokane location, multiple suites available.
      323 2Nd Ave, Spokane, WA 99202
      View Details
    • $1.20 SF/Yr
      33,440 SF

      Spokane Industrial Land for Lease

      33,440 SF Industrial Yard - Available Now
      4000 Broadway Ave, Spokane, WA 99202
      View Details
    • $14 SF/Yr
      56,000 SF

      Downtown Spokane Office Suites

      Prime Office Space, Multiple Sizes Available
      528 Spokane Falls Blvd, Spokane, WA 99202
      View Details
    • $25 SF/Yr
      3,369 SF

      Retail Building with Drive-Thru

      3,369 SF retail building with drive-thru for sale or lease.
      172 S Division St, Spokane, WA 99202
      View Details
    • Contact for pricing

      Commercial Land Ready For Development

      Commercial land available for sale or lease in Spokane, WA.
      324-334 S Grant St, Spokane, WA 99202
      View Details
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    634 Perry St
    Spokane, WA 99202-3330
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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