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Property profile & analytics
OFF-MARKET
Estimated value
$4,065,000
Turn key restaurants
1104 Sullivan Rd 1, Spokane Valley, WA 99037-9551
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0646736
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Total area
38,580 SF
Lot
10.43 ac (454,165 SF)
APN
45132.9062
UPID
US90-0646736
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.07M
Owner & transaction history
Spokane Hospitality LLC · 22 yrs held
Spokane Hospitality LLC
since 2003
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
Blend value · Realmo final
$4.07M
Range $3.66M – $4.47M · ±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
$105 / 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
$81,588
Tax year 2023
Assessed value
$8,035,690
Assessed 2024
Previous assessed
$6,307,990
+27.4% YoY
Effective rate
1.02%
On assessed value
Assessed land
$2,724,990
Assessed improvement
$5,310,700
Land market value
$2,724,990
Improvement market value
$5,310,700
Total market value
$8,035,690
Applied tax rate
144.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1969
Heating
NONE
Buildings
4
Stories
1
Bathrooms
8
Total area
38,580 SF
Lot
10.43 ac (454,165 SF)
APN
45132.9062
UPID
US90-0646736
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
1969
Heating
NONE
Stories
1
Buildings
4
Bathrooms
8
Lot
10.43 ac
Current owner
From public records · entity-resolved
Spokane Hospitality LLC
Entity
Mailing address
1100 N SULLIVAN RD, SPOKANE VALLEY, WA 99037-9551
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2018
—
Spokane Hospitality LLC
—
Deed
related
—
Aug 15, 2003
$5,023,000
Spokane Hospitality LLC
Boykin Washington I LLC
Grant Deed
$4,000,000 · Farmers & Merchants Bk Rockfor
Jul 17, 2003
—
Boykin Washington I LLC
Red Lion Inns Operating LP
Grant Deed
related
—
May 28, 1998
—
Lions Operating LP Red
—
Deed Of Trust
related
$130,000,000 · Lehman Capital Corp
—
—
Spokane Hospitality LLC
—
Deed Of Trust
related
$100,000 · Lee L & Mary L Cameron
—
—
Spokane Hospitality LLC
—
Deed Of Trust
related
$600,000 · 679182 Alberta Ltd
—
—
Spokane Hospitality LLC
—
Deed Of Trust
related
$400,000 · Banner Bank
—
—
Spokane Hospitality LLC
—
Loan Modification
related
$4,485,000 · Banner Bank
—
—
Spokane Hospitality LLC
—
Loan Modification
related
—
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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