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Property profile & analytics
OFF-MARKET
Estimated value
$7,450,000
Retail space
10425 Newport Hwy Spokane, WA 99218-1538
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1084432
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Total area
44,744 SF
Lot
2.83 ac (123,448 SF)
APN
36171.0205
UPID
US90-1084432
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
-
Harris Furniture Furniture & Home Goods Home Decor Store
-
Ashley Store Furniture & Home Goods Home Decor Store
-
Carpet Barn Carpet & Flooring Store Hardware & Home Improvement
-
Spokane Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.44M
CAP Approach
CAP
$7.15M
Comparable Approach
Comparable
$7.41M
Blend (final)
Blend
$7.45M
Owner & transaction history
Walter J Knopp · 5 yrs held
Walter J Knopp
since 2020
Last sale
$5.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.2M
+8.6%
Medical building
$10.6M
+3.3%
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
$7,805,000
ML approach
$7,440,000
CAP Approach
CAP Return
Estimation
6%
$7,740,000
6.5%
$7,145,000
7%
$6,630,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,305,000
Current use
OFFICE BUILDING
$11,190,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$10,640,000
Change: +3% · Conversion: Difficult
RESTAURANT
$9,915,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,845,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±10% · vs last sale $5.40M (Sep 30 2020)
Last sale anchor
$5.40M
Sep 30 2020
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
$167 / 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
$50,537
Tax year 2023
Assessed value
$5,427,330
Assessed 2024
Previous assessed
$4,652,980
+16.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,357,930
Assessed improvement
$4,069,400
Land market value
$1,357,930
Improvement market value
$4,069,400
Total market value
$5,427,330
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
44,744 SF
Lot
2.83 ac (123,448 SF)
APN
36171.0205
UPID
US90-1084432
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
RETAIL STORES Current
Est. value
$10.3M
OFFICE BUILDING
Est. value
$11.2M
MEDICAL BUILDING
Est. value
$10.6M
RESTAURANT
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2008
Heating
NONE
Stories
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Walter J Knopp
Individual
Mailing address
PO BOX 519, MEAD, WA 99021-0519
Ownership since
2020
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
Sep 30, 2020
—
Walter J Knopp
Sotex Properties LLC
Warranty Deed
—
Oct 18, 2012
$3,920,280
Sotex Properties LLC
Heggen Thorud Properties LLC
Warranty Deed
$3,451,000 · Wells Fargo Bank NA
Jun 12, 2008
—
Heggen-thorud Properties LLC
—
Trustees Deed
related
$5,490,000 · Bank Of Whitman
—
—
Heggen-thorud Properties LLC
—
Deed Of Trust
related
$457,072 · Bank Of Whitman
—
—
Heggen-thorud Properties LLC
—
Deed Of Trust
related
$143,051 · Htk Mgmt 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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