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25 W Cataldo Ave 15,500 SF 80% Leased Office Building Spokane, WA 99201 $2,500,000 ($161.29/SF) 6.30% Cap Rate
Investment Highlights
- Centrally located at the Periphery of the Spokane CBD
- Newly Remodeled
- Strong professional tenant mix
Executive Summary
31 W Cataldo Avenue is a 15,500-square-foot professional office property strategically located on the north edge of downtown Spokane. The property provides convenient access to Division Street, the University District, downtown employment centers, public transportation, dining, lodging, and major regional routes.
The building features a complementary professional-services tenant mix spanning the legal, title and financial services, and real estate industries. On-site surface parking, accessible parking spaces, prominent monument and building signage, and convenient all-direction access provide added visibility and ease of use. Remodeling completed during 2024 and 2025 further enhances the property’s appeal as a well-positioned, centrally located office investment.
The building features a complementary professional-services tenant mix spanning the legal, title and financial services, and real estate industries. On-site surface parking, accessible parking spaces, prominent monument and building signage, and convenient all-direction access provide added visibility and ease of use. Remodeling completed during 2024 and 2025 further enhances the property’s appeal as a well-positioned, centrally located office investment.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
15,500 SF
Building Class
B
Year Built/Renovated
2006/2025
Price
$2,500,000
Price Per SF
$161.29
Cap Rate
6.30%
NOI
$157,499
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,750 SF
Building FAR
0.87
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
DTG - Downtown General
Parking
32 Spaces (2.06 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- High Ceilings
- Monument Signage
- Air Conditioning
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 35181.0036 | Total Assessment | $2,711,160 |
| Land Assessment | $320,760 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,390,400 | Tax Year | 2026 |
Property Taxes
Parcel Number
35181.0036
Land Assessment
$320,760
Improvements Assessment
$2,390,400
Total Assessment
$2,711,160
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
25 W Cataldo Ave