Financial
Distress signals
Property profile

707 W 7Th Ave Spokane, WA 99204

FOR LEASE
Office buildings
Property ID
US90-1258197
10,284 SF 1.55 ac lot Built 1903
Last sale Oct 2000
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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707 W 7Th Ave, Spokane, WA 99204 For Lease
$500/Mo
707 W 7Th Ave, Spokane, WA 99204
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Property summary

AI-generated overview

The property is a commercial building configured to provide office space. It is situated near the Medical District and close to the Downtown Core, and it includes free on-site parking for occupants and visitors. Office leasing arrangements are structured such that janitorial, data, and phone services are not included in the lease rate.

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?
$15k
Tax billed · 2023
Assessed value · 2024$1.52M
Assessed land$674k
Assessed improvement$850k
Effective rate0.98%

Value estimate

· Sep 2026
$2.08M
$1.87M – $2.28M
CAP approach$2.42M
Sales comparison$2.02M
NOI build-up
Gross scheduled income$1.50M
Vacancy & credit loss−$210k
Operating expenses−$322k
NOI · 193,154.80% cap applied$966k

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

Recently sold

What actually traded nearby?
$250/SF
Submarket average, outlier-cleaned · 156 recorded sales of this use type
Observed band · Q1–Q3$145 – $372
Qualifying comparables4

Cap rate analysis

How does the asset earn?
193,154.80%
$966k 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: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply20.5
Auto Parts Store13.0
Storage Facility12.2

Location

707 W 7Th Ave Spokane, WA 99204
County assessor Recorded deeds · 1 transfer 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
110 Clf, Spokane, WA 99204-3614 $5,850,000 Jul 2024 128,489 SF
1717 6th, Spokane, WA 99204-3582 $1,300,000 Feb 2023 5,138 SF
315 9th, Spokane, WA 99204-2501 $2,785,000 May 2022 4,212 SF
804 Monroe, Spokane, WA 99204-3032 $1,065,000 Feb 2022 2,000 SF
524 6th, Spokane, WA 99204-2706 $695,000 May 2021 1,888 SF
501 Bernard, Spokane, WA 99204-2511 $2,705,000 Mar 2021 18,288 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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