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903 Wellesley Ave Spokane, WA 99207-3268

OFF-MARKET Office buildings Google Maps
1,200 SF 0.13 ac lot Built 1965
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$215k
Range $194k – $237k (±10%)
Property ID US90-1218336

Property summary

AI-generated overview

This exceptional 1,200-square-foot office space in Spokane, Washington, is perfectly situated at 903 E Wellesley Ave, near Nevada Street. The property is a single-story Class B building, completely renovated in 2024, offering a total of two suites. The entire 1,200 square feet is currently vacant and available for lease as a single unit or can be divided into two 600-square-foot spaces, making it ideal for a variety of businesses. The flexible layout allows for customization to meet individual tenant needs. Located in Spokane County, the property boasts a convenient commercial zoning designation, ensuring ease of operation for a wide range of commercial enterprises. The address is 903 E Wellesley Ave, Spokane, WA 99207. This prime location offers excellent visibility and accessibility. The property's recent renovation ensures modern amenities and a professional environment. Don't miss this opportunity to secure this versatile and well-maintained office space in a thriving Spokane location. The minimum leasable space is 600 square feet, while the maximum contiguous space available is 1,200 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Construction STEEL FRAME
Total area 1,200 SF
Lot 0.13 ac (5,450 SF)
APN 36324.3516
UPID US90-1218336

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2023
Last sale
$230,000
2 recorded transactions
2023
$230,000
1995
$97,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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