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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Investment properties
105 Msn Ave Spokane, WA 99202-6002
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3316223
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Total area
5,900 SF
Lot
0.49 ac (21,300 SF)
APN
35083.2414
UPID
US90-3316223
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
-
Providence ExpressCare - Ruby Medical Clinic
-
Jimmy John's Take-out & Catering
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Great Clips Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.23M
Owner & transaction history
The Lamar Companies · 3 yrs held
The Lamar Companies
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+55.0%
Medical building
$1.4M
+47.4%
Restaurant
$1.3M
+37.4%
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%
$1,175,000
6.5%
$1,085,000
7%
$1,005,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$950,000
Current use
OFFICE BUILDING
$1,475,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$1,405,000
Change: +47% · Conversion: Easy
RESTAURANT
$1,310,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,165,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,060,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$845,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$208 / 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
$20,024
Tax year 2023
Assessed value
$2,052,380
Assessed 2024
Previous assessed
$1,925,180
+6.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$609,180
Assessed improvement
$1,443,200
Land market value
$609,180
Improvement market value
$1,443,200
Total market value
$2,052,380
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Bathrooms
2
Total area
5,900 SF
Lot
0.49 ac (21,300 SF)
APN
35083.2414
UPID
US90-3316223
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
COMMERCIAL (GENERAL) Current
Est. value
$950,000
OFFICE BUILDING
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$845,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2009
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
The Lamar Companies
Individual
Mailing address
1015 E CATALDO AVE, SPOKANE, WA 99202-2015
Ownership since
2023
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
Apr 24, 2023
—
The Lamar Companies
Thomas R Quigley
Lease
—
Oct 27, 2009
—
Rpic LLC
Riverpointe Investment
Quit Claim Deed
related
—
Oct 7, 2009
—
Rpic LLC
Tonani,john
Quit Claim Deed
related
—
Feb 27, 2007
—
John Tonani
Tonani,julee
Quit Claim Deed
related
—
Jun 17, 2004
$605,000
Riverpointe Investment Co
Sullivan,s L
Grant Deed
—
—
—
Rpic LLC
—
Deed Of Trust
related
$1,550,000 · Washington Trust Bank
—
—
Rpic LLC
—
Deed Of Trust
related
$400,000 · Washington Trust Bank
—
—
Riverpointe Investment Co
—
Deed Of Trust
related
$458,484 · Washington Trust 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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