Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Distribution centers
10502 Montgomery Dr Spokane Valley, WA 99206-4273
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3334398
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
11,376 SF
Lot
1.19 ac (51,680 SF)
APN
45081.0134
UPID
US90-3334398
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
-
Preferred Electric Corporate Office
-
Desserts By Sara Bakery Specialty Food Shop
-
Photo Company of Spokane (Photo Co. Spokane) Photography Service (Bike/Boat/Book/etc) Store
-
Spokane Door & Window Construction Company General Contractor
-
All Star Jump Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$611k
Blend (final)
Blend
$810k
Owner & transaction history
Tnt Montgomery Property LLC · 7 yrs held
Tnt Montgomery Property LLC
since 2019
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$960,000
Current use
Blend value · Realmo final
$810k
Range $729k – $891k · ±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
$71 / 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
$11,991
Tax year 2023
Assessed value
$1,216,860
Assessed 2024
Previous assessed
$1,123,460
+8.3% YoY
Effective rate
0.99%
On assessed value
Assessed land
$103,360
Assessed improvement
$1,113,500
Land market value
$103,360
Improvement market value
$1,113,500
Total market value
$1,216,860
Applied tax rate
146.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
3
Stories
1
Total area
11,376 SF
Lot
1.19 ac (51,680 SF)
APN
45081.0134
UPID
US90-3334398
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
$960,000
WAREHOUSE, STORAGE Current
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
1985
Heating
NONE
Stories
1
Buildings
3
Lot
1.19 ac
Current owner
From public records · entity-resolved
Tnt Montgomery Property LLC
Entity
Mailing address
1324 N LIBERTY LK RD, LIBERTY LAKE, WA 99019-8523
Ownership since
2019
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
Mar 5, 2019
$1,100,000
Tnt Montgomery Property LLC
Larry & Jenny Holdings LLC
Warranty Deed
$810,000 · Mountain West Bank
Apr 26, 2017
—
Jimmy D Purdy
Purdy James L Trust
Quit Claim Deed
related
—
Aug 20, 2012
—
Larry & Jenny Holdings LLC
Purdy,larry L & Jenny
Quit Claim Deed
related
—
Aug 9, 2012
—
Larry L Purdy
Purdy,larry L
Quit Claim Deed
related
—
Aug 3, 2012
—
Larry L Purdy
Purdy Living Trust
Quit Claim Deed
related
—
May 10, 2012
—
Larry L Purdy
Purdy Living Trust
Quit Claim Deed
related
—
Apr 14, 2005
$812,000
Purdy Trust
Boron Properties
Warranty Deed
—
—
—
Properties Boron
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10502 Montgomery Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
