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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Banks
103 Queen Ave Spokane, WA 99207-1420
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0067597
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,348 SF
Lot
0.44 ac (19,023 SF)
APN
36323.2623
UPID
US90-0067597
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
-
Umpqua Bank Bank Loan Service
-
ATM - Umpqua Bank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$900k
Owner & transaction history
Castlerock Properties LLC · 2 yrs held
Castlerock Properties LLC
since 2024
Last sale
$900,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+47.0%
Medical building
$795,000
+39.8%
Retail stores
$795,000
+39.6%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$570,000
Current use
OFFICE BUILDING
$835,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$795,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$795,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Apr 5 2024)
Last sale anchor
$900k
Apr 5 2024
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
$269 / 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
$12,176
Tax year 2023
Assessed value
$1,247,580
Assessed 2024
Previous assessed
$1,135,040
+9.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$152,180
Assessed improvement
$1,095,400
Land market value
$152,180
Improvement market value
$1,095,400
Total market value
$1,247,580
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Total area
3,348 SF
Lot
0.44 ac (19,023 SF)
APN
36323.2623
UPID
US90-0067597
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
FINANCIAL BUILDING Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$835,000
MEDICAL BUILDING
Est. value
$795,000
RETAIL STORES
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$540,000
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Castlerock Properties LLC
Entity
Mailing address
7403 N 5TH MILE RD, SPOKANE, WA 99208-8843
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$900,000
Castlerock Properties LLC
Russak Investment Company
Warranty Deed
$750,000 · Russak Investment Company
Jul 2, 2007
$1,532,507
Russak Investment Co
Washington Mutual Bank
Grant Deed
$550,000 · Rainier Pacific Bank
—
—
Russak Investment Co
—
Loan Modification
related
$500,000 · Umpqua Bk
—
—
Russak Investment Co
—
Loan Modification
related
$500,000 · Umpqua Bk
—
—
Russak Investment Co
—
Deed Of Trust
related
$250,000 · Sterling Savings 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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