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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Banks
1101 Argonne Rd Spokane Valley, WA 99212-2699
Individually Owned
7-yr Hold
Free & Clear
Property ID
US90-1751245
Property summary
AI-generated overview
The H & F Center, located at 1101-1121 N Argonne Rd in Spokane Valley, WA 99206, offers exceptional office space for lease. This property boasts two available suites within a modern glass building complex situated on a 2.976-acre lot (APN: 45181.1225 & 45181.1226). The building features a park-like, campus-style setting with ample on-site parking, providing convenient access for employees and clients. The total building size is 53,965 square feet, with multiple tenancy options available. Individual suites range from a minimum of 899 square feet (Suite 103) to a maximum of 1,726 square feet (Suite 204), with a maximum contiguous space of 6,563 square feet. The minimum divisible space is 4,210 square feet. This prime location offers excellent access to and from Interstate 90, making commuting easy. The building includes a fully-equipped conference room, ideal for meetings and presentations. This property is perfect for businesses seeking modern, well-maintained office space in a convenient and attractive setting. Contact us today to learn more about leasing opportunities at the H & F Center.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
33,024 SF
Lot
1.85 ac (80,650 SF)
APN
45181.1225
UPID
US90-1751245
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$740k
Owner & transaction history
H & F Ents Of Estn Washington In · 7 yrs held
H & F Ents Of Estn Washington In
since 2018
3 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$22 / 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
$27,938
Tax year 2023
Assessed value
$2,621,100
Assessed 2024
Previous assessed
$2,340,700
+12.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$483,900
Assessed improvement
$2,137,200
Land market value
$483,900
Improvement market value
$2,137,200
Total market value
$2,621,100
Applied tax rate
148.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Total area
33,024 SF
Lot
1.85 ac (80,650 SF)
APN
45181.1225
UPID
US90-1751245
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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Lot
1.85 ac
Current owner
From public records · entity-resolved
H & F Ents Of Estn Washington In
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 185, SPANGLE, WA 99031-0185
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2019
—
H&f Enterprises Of Eastern Wa INC
—
Deed
related
$1,621,500 · Wheatland Bank
Oct 9, 2018
$1,900,000
H & F Ents Of Estn Washington In
Cotter James F
Warranty Deed
—
Oct 18, 2001
$5,340,000
James F Cotter
Metropolitan Investments
Grant Deed
$3,900,000 · Metropolitan Investments
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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