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Financial
Distress signals
Property profile

903 Wellesley Ave Spokane, WA 99207

OFF-MARKET
Office buildings
Property ID
US90-1218336
1,200 SF 0.13 ac lot Built 1965
Last sale Dec 2023 · $230,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$161k
Assessed land$55k
Assessed improvement$106k
Effective rate0.98%

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$210k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.4
Building Supply13.0
HVAC Service12.1

Location

903 Wellesley Ave Spokane, WA 99207-3268
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
3803 Regal, Spokane, WA 99207-5845 $150,000 Apr 2025 900 SF
920 Wolverton, Spokane, WA 99207-2746 $520,000 Aug 2024 1,922 SF
114 Ermina, Spokane, WA 99207-2210 $1,100,000 Jan 2024 1,334 SF
11 Rockwell, Spokane, WA 99207-1648 $445,000 Jul 2022 1,460 SF
207 Queen, Spokane, WA 99207-1421 $325,000 Jun 2021 1,520 SF
2903 Madelia, Spokane, WA 99207-4837 $405,000 Oct 2020 1,200 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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