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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Hotels
104 4th Ave, Spokane, WA 99202
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0794410
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1972
Total area
55,855 SF
Lot
2.18 ac (94,970 SF)
APN
35202.4138
UPID
US90-0794410
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
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Ace Electric INC · 1 yrs held
Ace Electric INC
since 2025
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$29 / 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
$6,253
Tax year 2023
Assessed value
$6,442,460
Assessed 2024
Previous assessed
$4,811,550
+33.9% YoY
Effective rate
0.10%
On assessed value
Assessed land
$1,709,460
Assessed improvement
$4,733,000
Land market value
$1,709,460
Improvement market value
$4,733,000
Total market value
$6,442,460
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
1972
Heating
NONE
Buildings
2
Stories
1
Bathrooms
154
Total area
55,855 SF
Lot
2.18 ac (94,970 SF)
APN
35202.4138
UPID
US90-0794410
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
1972
Heating
NONE
Stories
1
Buildings
2
Bathrooms
154
Lot
2.18 ac
Current owner
From public records · entity-resolved
Ace Electric INC
Entity
Mailing address
17933 NW EVERGREEN PKWY STE #300, BEAVERTON, OR 97006-7452
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
—
Ace Electric INC
Cliff Thorn Construction LLC
Deed
—
Aug 9, 2021
—
Cv The Olmsted LLC
—
Deed
related
—
Feb 17, 2017
—
Tramp Investments LLC
—
Deed
related
$4,950,000 · Peoples Bank
Oct 13, 2005
—
Tramp Investments LLC
Tramp,steven & Tanya
Quit Claim Deed
related
—
Aug 18, 2005
—
Westcoast Hospitality Corp INC
Cowley Street
Quit Claim Deed
related
—
Aug 18, 2005
$5,300,000
Steven Tramp
Westcoast Hospitality Corp
Grant Deed
$3,532,199 · Peoples Bank & Trust
—
—
Tramp Invs LLC
—
Deed Of Trust
related
$144,452 · Peoples Bank & Trust
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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