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Financial
Distress signals
Property profile

706 1St St Cheney, WA 99004

FOR LEASE
Retail space
Property ID
US90-1168462
7,084 SF 0.21 ac lot Built 1954
Last sale Apr 2018 · $260,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This downtown Cheney retail/office building contains three separate suites configured for lease, located at the corner of 1st St and C St and within walking distance of Eastern Washington University (EWU). The property totals 7,084 square feet and was renovated in July 2025, with spaces delivered as a “vanilla shell” buildout. The building is situated approximately 20 minutes from Downtown Spokane and 20 minutes from Spokane International Airport.

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.

Debts

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?
$2k
Tax billed · 2023
Assessed value · 2024$297k
Assessed land$71k
Assessed improvement$226k
Effective rate0.84%

Value estimate

· Oct 2026
$290k
$261k – $319k
Submarket $/SF estimate$620k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$3k
Operating expenses−$18k
NOI · 2,784.20% cap applied$42k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$188/SF
County average, outlier-cleaned · 288 recorded sales of this use type
Observed band · Q1–Q3$88 – $363
Qualifying comparables17

Cap rate analysis

How does the asset earn?
2,784.20%
$42k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.6
Kitchen & Bath9.3
Dental Office9.2

Location

706 1St St Cheney, WA 99004
County assessor Recorded deeds · 4 transfers 17 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
404 2nd, Cheney, WA 99004-1604 $2,678,000 Sep 2023 4,704 SF
1420 1st, Cheney, WA 99004-1804 $415,000 Jun 2022 4,356 SF
304 1st, Cheney, WA 99004-1506 $400,000 Feb 2022 3,846 SF
2110 1st, Cheney, WA 99004-2005 $225,000 Jun 2021 6,400 SF
2533 1st, Cheney, WA 99004-5341 $6,200,000 Nov 2019 16,261 SF
513 1st, Cheney, WA 99004-1651 $255,000 Oct 2019 2,470 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?”
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