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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Warehouses
1109 Cedar Rd Deer Park, WA 99006-9158
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-2398265
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
12,000 SF
Lot
8.88 ac (386,813 SF)
APN
29364.0024
UPID
US90-2398265
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
-
Discount Aircraft Salvage Company Logistics Company Moving Company
-
Discount Airport Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.63M
Owner & transaction history
Josh Elston · 5 yrs held
Josh Elston
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+81.7%
Restaurant
$2.6M
+80.2%
Auto repair, garage
$2.3M
+58.1%
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 Deer Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deer Park 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%
$1,400,000
6.5%
$1,290,000
7%
$1,200,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,435,000
Current use
MEDICAL BUILDING
$2,610,000
Change: +82% · Conversion: Difficult
RESTAURANT
$2,590,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,270,000
Change: +58% · Conversion: Easy
RETAIL STORES
$2,260,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,825,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±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
$135 / 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
$10,832
Tax year 2023
Assessed value
$1,202,820
Assessed 2024
Previous assessed
$830,420
+44.8% YoY
Effective rate
0.90%
On assessed value
Assessed land
$58,020
Assessed improvement
$1,144,800
Land market value
$58,020
Improvement market value
$1,144,800
Total market value
$1,202,820
Applied tax rate
310.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
4
Stories
1
Bathrooms
1
Total area
12,000 SF
Lot
8.88 ac (386,813 SF)
APN
29364.0024
UPID
US90-2398265
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
$1.4M
MEDICAL BUILDING
Est. value
$2.6M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1990
Heating
NONE
Stories
1
Buildings
4
Bathrooms
1
Lot
8.88 ac
Current owner
From public records · entity-resolved
Josh Elston
Individual
Free & Clear · 5 yrs held
Mailing address
1109 N CEDAR RD, DEER PARK, WA 99006-9158
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
—
Airport Mini Storage LLC
—
Deed
related
$390,622 · Wheatland Bank
May 24, 2021
$40,000
Josh Elston
Eldredge Holdings LLC
Warranty Deed
—
Mar 2, 2021
—
Airport Mini Storage LLC
Eldredge Holdings LLC
Re-recorded Document
related
—
Dec 29, 2020
—
Airport Mini Storage LLC
Eldredge Holdings LLC
Quit Claim Deed
related
$932,000 · Wheatland Bank
Nov 1, 2018
$910,000
Eldredge Holdings LLC
Morse,don
Warranty Deed
$895,000 · Gregory J Frye
Dec 4, 1998
—
Donald W Morse
United Security Bank
Quit Claim Deed
related
—
—
—
Donald W Morse
—
Deed Of Trust
related
$45,866 · United Security Bank
—
—
Donald W Morse
—
Deed Of Trust
related
$40,339 · United Security Bank
—
—
Donald W Morse
—
Deed Of Trust
related
$295,282 · Bank Of Fairfield
—
—
Donald W Morse
—
Deed Of Trust
related
$80,812 · United Security Bank
—
—
Donald W Morse
—
Deed Of Trust
related
$199,734 · United Security 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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