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    Property profile & analytics

    723 1st St Cheney, WA 99004-1701

    • Turn key restaurants
    • 1,564 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Nov 30, 2022
    $255,000
    Location Intelligence
    Property ID
    US90-0637479
    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

    • Turn key restaurants

    Property Details for 723 1st St

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Property size
    1,564 SF
    Property type
    Turn key restaurants
    APN
    13131.2603
    APU
    131312603

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.573
    Latitude
    47.4893
    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
    $1,992
    $91,520
    $145,700
    $237,220
    -
    $91,520
    $145,700
    $237,220

    Comparable in this City

    • Value Estimation
      $295,000
      4,400 SF

      406 1st St

      RESTAURANT • 4,400 SF
      406 1st St, Cheney, WA 99004-5166
      View Details
    • Value Estimation
      $360,000
      1,256 SF

      1204 1st St

      RESTAURANT • 1,256 SF
      1204 1st St, Cheney, WA 99004-1802
      View Details
    • Value Estimation
      $260,000
      1,500 SF

      24 1st St

      RESTAURANT • 1,500 SF
      24 1st St, Cheney, WA 99004-1439
      View Details
    • Value Estimation
      $275,000
      2,270 SF

      405 1st St

      RESTAURANT • 2,270 SF
      405 1st St, Cheney, WA 99004-1601
      View Details
    • Value Estimation
      $320,000
      1,436 SF

      508 1st St

      RESTAURANT • 1,436 SF
      508 1st St, Cheney, WA 99004-1603
      View Details
    • Value Estimation
      $380,000
      6,264 SF

      809 1st St

      RESTAURANT • 6,264 SF
      809 1st St, Cheney, WA 99004-1703
      View Details

    Similar Nearby for Sale

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      Cheney Commercial Opportunity on Main

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    • $49,950
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      Move-In Ready Mobile Home

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    • Contact for pricing

      Vacant Land Near Cheney, WA

      8.65 - 400 acres of vacant land for sale.
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    Similar Nearby for Lease

    • $17 SF/Yr
      1,436 SF

      Downtown Cheney Restaurant/Retail Space

      Former restaurant space with on-site parking and premier visibility.
      508 1St St, Cheney, WA 99004
      View Details
    • $10 SF/Yr
      2,800 SF

      Cheney Restaurant & Bar for Sale

      Turnkey eatery, lake views, established business.
      18617 Williams Lake Rd, Cheney, WA 99004
      View Details
    • $14 SF/Yr
      5,010 SF

      Cheney Street Retail Opportunity

      Prime Cheney location, 5,010 sq ft.
      115 College Ave, Cheney, WA 99004
      View Details
    • $18 SF/Yr
      2,050 SF

      Retail Space in Cheney Plaza

      Retail space available for lease in Cheney, Washington.
      2654 1St St, Cheney, WA 99004
      View Details
    • $12 SF/Yr
      7,500 SF

      Downtown Cheney Office Space

      7,500 SF Office Building, 1st & C St
      706 1St St, Cheney, WA 99004
      View Details
    • $1,000 /Mo
      1,690 SF

      Retail Space in Cheney, WA

      Retail space available for lease in Cheney, Washington.
      103 1St St, Cheney, WA 99004
      View Details
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    Cheney, WA 99004-1701
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    Realmo Value Estimation

    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.

    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.

    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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