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Property profile & analytics
FOR LEASE
Banks
715 E Sprague Ave Spokane, WA 99202
Individually Owned
~
Est. High Equity
Property ID
US90-0891582
For Lease
1 / 6
Contact for pricing
715 E Sprague Ave, Spokane, WA 99202
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,400 SF
Lot
3.88 ac (169,044 SF)
APN
35174.0583
UPID
US90-0891582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
US Linen & Uniform (Bike/Boat/Book/etc) Store
-
BII Furniture & Home Goods Home Decor Store
-
Robert Ferrero - Aflac Insurance Agent Insurance Agency
-
High Efficiency Heating & Air HVAC Service General Contractor
-
Corvus Medical Inc Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Washington
State Of Washington
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,821
Tax year 2023
Assessed value
$3,364,800
Assessed 2024
Previous assessed
$2,881,950
+16.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,521,400
Assessed improvement
$1,843,400
Land market value
$1,521,400
Improvement market value
$1,843,400
Total market value
$3,364,800
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
2
Total area
1,400 SF
Lot
3.88 ac (169,044 SF)
APN
35174.0583
UPID
US90-0891582
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Lot
3.88 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
1215 N MCDONALD RD STE #203, SPOKANE VALLEY, WA 99216-1557
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
State Of Washington
Sprague 715 LLC
Deed
—
May 10, 2021
—
Sprague 715 LLC
—
Deed
related
$7,215,000 · Mountain West Bank
Jul 2, 2012
$2,399,000
Sprague 715 LLC
Sls Management INC
Warranty Deed
$1,680,000 · American West Bank
Jan 6, 2009
—
Sls Management INC
Sullivan Bldg LLC
Quit Claim Deed
related
—
May 31, 2007
—
Sullivan Building LLC
Sls Management
Quit Claim Deed
related
—
—
—
Sls Management INC
—
Deed Of Trust
related
$1,297,480 · Global FCU
—
—
Sprague 715 LLC
—
Deed Of Trust
related
$4,781,000 · Numerica Cu
—
—
Sls Mgmt INC
—
Deed Of Trust
related
$1,500,000 · Global FCU
—
—
Sls Management INC
—
Deed Of Trust
related
$385,574 · Stanley L Sullivan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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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