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Property profile & analytics
OFF-MARKET
Estimated value
$213,040,000
Outlet malls
10010 Geiger Blvd Spokane, WA 99224-9471
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-2450388
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Total area
2,688,835 SF
Lot
79.07 ac (3,444,122 SF)
APN
24065.0507
UPID
US90-2450388
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
-
Amazon Fullfillment Center GEG1 Warehouse & Storage
-
Amazon CEG1 Sortation Warehouse & Storage
-
Amazon GEG1 Recruiting Office Employment Agency
-
Geg1 amazon Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$245.63M
Blend (final)
Blend
$213.04M
Owner & transaction history
Cf Hippolyta Spokane LLC · 7 yrs held
Cf Hippolyta Spokane LLC
since 2018
7 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
$213.04M
Range $191.74M – $234.34M · ±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
$79 / 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
$1,558,599
Tax year 2023
Assessed value
$184,562,140
Assessed 2024
Previous assessed
$164,353,850
+12.3% YoY
Effective rate
0.84%
On assessed value
Assessed land
$6,888,240
Assessed improvement
$177,673,900
Land market value
$6,888,240
Improvement market value
$177,673,900
Total market value
$184,562,140
Applied tax rate
1,886.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
2
Stories
4
Total area
2,688,835 SF
Lot
79.07 ac (3,444,122 SF)
APN
24065.0507
UPID
US90-2450388
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
2019
Heating
NONE
Stories
4
Buildings
2
Lot
79.07 ac
Current owner
From public records · entity-resolved
Cf Hippolyta Spokane LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 80416, SEATTLE, WA 98108-0416
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
Cf Hippolyta Spokane LLC
—
Deed
related
$203,787,000 · Umb Bank NA
Oct 4, 2018
—
Cf Hippolyta Spokane LLC
—
Grant Deed
related
$205,062,500 · Royal Bk/canada
Jul 20, 2018
$1,959,775
Cf Hippolyta Spokane LLC
Jolt Developments LLC
Warranty Deed
—
May 25, 2006
—
Jolt Devs LLC
Edwards,richard S & Leslie C
Warranty Deed
related
—
Jul 29, 2003
$1,473,684
Richard S Edwards
Witherspoon,tr
Trustees Deed
—
—
—
Spokane Business Park LLC
—
Deed Of Trust
related
$125,000 · Badgley-mullins Law Group PLLC
—
—
Douglas Brown
—
Deed Of Trust
related
$300,000 · Individual
—
—
Spokane Business Park LLC
—
Deed Of Trust
related
$107,000 · Logan & Massey INC
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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