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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
924 2nd Ave Spokane, WA 99201-4502
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1750124
Property summary
AI-generated overview
This exceptional retail property, located at 924 & 930 W. 2nd Avenue in Spokane, Washington, offers a unique opportunity for businesses seeking a prominent downtown presence. The property encompasses a total of 10,629 square feet, currently entirely vacant and ready for immediate occupancy. The building, constructed in 1984, sits on a 0.32-acre lot and is zoned DTG (Downtown General), allowing for a wide range of commercial uses. Flexible space options are available, with a minimum divisible unit of 3,529 square feet and a maximum contiguous space of 7,100 square feet, catering to various business needs and expansion plans. Ample off-street parking is provided with approximately 10 parking stalls. The property's address is 924 W 2nd Ave, Spokane, WA 99201, and its Assessor's Parcel Numbers (APN) are 35192.1912 and 35192.1913. This location offers high visibility and accessibility within Spokane's vibrant downtown core, making it an ideal choice for businesses seeking a thriving commercial environment. The property is available for lease and presents a rare opportunity to establish a strong foothold in a desirable downtown Spokane location. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1918
Total area
7,100 SF
Lot
0.16 ac (7,100 SF)
APN
35192.1912
UPID
US90-1750124
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$670k
Owner & transaction history
Black Real Estate Ents LLC · 9 yrs held
Black Real Estate Ents LLC
since 2017
Last sale
$750,000
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $750k (Mar 2 2025)
Last sale anchor
$750k
Mar 2 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
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
$5,209
Tax year 2023
Assessed value
$532,950
Assessed 2024
Previous assessed
$352,900
+51.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$195,250
Assessed improvement
$337,700
Land market value
$195,250
Improvement market value
$337,700
Total market value
$532,950
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1918
Heating
NONE
Stories
1
Total area
7,100 SF
Lot
0.16 ac (7,100 SF)
APN
35192.1912
UPID
US90-1750124
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
1918
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Black Real Estate Ents LLC
Entity
Mailing address
6061 W 75TH PL, LOS ANGELES, CA 90045-1631
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2017
—
Black Real Estate Ents LLC
Black,breehan C
Quit Claim Deed
—
Mar 8, 2017
—
Breehan C Black
Black Thomas A
Quit Claim Deed
related
—
—
—
Thomas A Black
—
Deed Of Trust
related
$542,380 · Washington Trust Bank
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.
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