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    Property profile & analytics

    809 1st St Cheney, WA 99004-1703

    • Turn key restaurants
    • 6,264 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Mar 05, 2024
    $365,000
    Location Intelligence
    Property ID
    US90-0850194
    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 809 1st St

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    6,264 SF
    Property type
    Turn key restaurants
    APN
    13131.3701
    APU
    131313701

    Description

    This exceptional 6,264 square foot retail property, located at 809 1st St in Cheney, WA 99004, presents a unique investment opportunity. Built in 1956, this building is zoned for retail use and boasts a prime location on one of Cheney's main streets. Previously utilized as a vendor mall, the property includes all restaurant fixtures, furniture, and equipment (FF&E) within the asking price of $425,000. The spacious layout offers significant potential for a variety of uses, including a restaurant, lounge, or vendor mall. A key feature is a large banquet room situated on the second floor, adding versatility and potential revenue streams. The property's size, at 6,264 square feet, translates to a price per square foot of $67.85. The tax ID number is 13131-3701. This property is situated in Spokane County and represents a strong investment in Cheney's growing market. Don't miss this chance to acquire a well-located, versatile commercial space with significant upside potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $480,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $440,000
      Mixed-Use
      $460,000
      Hospitality
      $470,000
      Educational
      $430,000
      Residential Income
      $445,000
      Energy
      $515,000
      Income-Based Land
      $395,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Cheney
    County
    Spokane
    State
    Washington
    Longitude
    -117.572
    Latitude
    47.4896
    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
    $3,639
    $126,720
    $307,900
    $434,620
    -
    $126,720
    $307,900
    $434,620

    Comparable in this City

    • Value Estimation
      $295,000
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      406 1st St

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      406 1st St, Cheney, WA 99004-5166
      View Details
    • Value Estimation
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      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
      $350,000
      4,000 SF

      317 1st St

      RESTAURANT • 4,000 SF
      317 1st St, Cheney, WA 99004-1505
      View Details
    • Value Estimation
      $265,000
      2,352 SF

      1106 1st St

      RESTAURANT • 2,352 SF
      1106 1st St, Cheney, WA 99004-1710
      View Details

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    809 1st St
    Cheney, WA 99004-1703
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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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