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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Warehouses
10411 Nevada St Spokane, WA 99218-1610
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-3233460
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1994
Total area
7,400 SF
Lot
3.44 ac (150,006 SF)
APN
36171.9067
UPID
US90-3233460
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
North Point Storage & U-Haul Dealer Moving Company Storage Facility
-
North Point Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$980k
Owner & transaction history
North Point Mini Storage LLC · 13 yrs held
North Point Mini Storage LLC
since 2012
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+64.3%
Industrial (general)
$1.3M
+49.7%
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
$605,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$890,000
Current use
AUTO REPAIR, GARAGE
$1,465,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,330,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$132 / 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
$21,256
Tax year 2023
Assessed value
$2,216,630
Assessed 2024
Previous assessed
$2,047,430
+8.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$825,030
Assessed improvement
$1,391,600
Land market value
$825,030
Improvement market value
$1,391,600
Total market value
$2,216,630
Applied tax rate
1,280.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
5
Stories
1
Total area
7,400 SF
Lot
3.44 ac (150,006 SF)
APN
36171.9067
UPID
US90-3233460
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
WAREHOUSE, STORAGE Current
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1994
Heating
NONE
Stories
1
Buildings
5
Lot
3.44 ac
Current owner
From public records · entity-resolved
North Point Mini Storage LLC
Entity
Free & Clear · 13 yrs held
Mailing address
815 HEMLOCK ST, ELGIN, OR 97827-8327
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2016
—
North Point Mini Storage LLC
—
Deed
related
$1,600,000 · Umpqua Bank
Aug 3, 2012
$1,752,280
North Point Mini Storage LLC
National Storage Centers Spokane II
Warranty Deed
—
Sep 11, 2006
—
National Storage Ctrs-spokane
Abruzzo,fred
Warranty Deed
$1,500,000 · Intervest Mortgage Co LLC
Jul 13, 2006
$423,700
Dale W Mckenzie
Cabrini,al
Warranty Deed
—
Oct 21, 2004
—
Break Thru Productions INC Psp
Pieretti,paul & Cindee
Quit Claim Deed
related
—
Aug 23, 2004
$1,350,000
Fred Abruzzo
Pring Corp
Grant Deed
$1,250,000 · Intervest Mortgage Co LLC
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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