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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Hotels
1001 1st Ave, Spokane, WA 99201-4003
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0770182
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,298 SF
Lot
0.36 ac (15,546 SF)
APN
35192.1104
UPID
US90-0770182
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
Current use
Occupant on record · Public records
-
AirGarage | Public Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$849k
Blend (final)
Blend
$790k
Owner & transaction history
Gvd Hospitality Management Ser · 10 yrs held
Gvd Hospitality Management Ser
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+21.0%
Medical building
$1.0M
+6.5%
Auto repair, garage
$980,000
+1.9%
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
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$960,000
Current use
RESTAURANT
$1,165,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$1,025,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$905,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
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
$70 / 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
$16,538
Tax year 2023
Assessed value
$2,310,820
Assessed 2024
Previous assessed
$1,806,150
+27.9% YoY
Effective rate
0.72%
On assessed value
Assessed land
$427,520
Assessed improvement
$1,883,300
Land market value
$427,520
Improvement market value
$1,883,300
Total market value
$2,310,820
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Units
36
Total area
11,298 SF
Lot
0.36 ac (15,546 SF)
APN
35192.1104
UPID
US90-0770182
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$960,000
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$980,000
RETAIL STORES
Est. value
$905,000
HOTEL/MOTEL Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
36
Lot
0.36 ac
Current owner
From public records · entity-resolved
Gvd Hospitality Management Ser
Entity
Mailing address
909 W 1ST AVEB, SPOKANE, WA 99201-4001
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2015
$2,300,000
Gvd Hospitality Management Ser
Morris Jed W|montvale Hotel LLC
Trustees Deed
related
—
Feb 11, 2002
—
Montvale Hotel LLC
Conover-bond LLC
Quit Claim Deed
related
$1,000,000 · Global FCU
Aug 14, 1997
—
Conover-bond LLC
Brewster,robert C
Quit Claim Deed
related
—
Aug 28, 1996
$385,000
Robert C Brewster
Rosix Joint Venture
Grant Deed
$340,000 · Rosix Joint Venture
—
—
Conover-bond
—
Deed Of Trust
related
$1,000 · Summit Securities
—
—
Montvale Hotel LLC
—
Deed Of Trust
related
$2,855,000 · Spokane Teachers Cu
—
—
Montvale Hotel LLC
—
Deed Of Trust
related
$308,000 · Spokane Teachers Cu
—
—
Montvale Hotel LLC
—
Deed Of Trust
related
$2,913,205 · Venture Bank
—
—
Montvale Hotel LLC
—
Deed Of Trust
related
$148,038 · Avista
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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