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Property profile & analytics
FOR LEASE
Hotels
111 N Post St, Spokane, WA 99201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1637097
For Lease
1 / 11
$26 SF/Yr
111 N Post St, Spokane, WA 99201
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Total area
50,869 SF
Lot
0.61 ac (26,401 SF)
APN
35192.0804
UPID
US90-1637097
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
-
Starry Financial Group Financial Advisor
-
The Davenport Tower, Autograph Collection Hotel & Motel
-
Davenport Hotel Tower Hotel & Motel
-
Chapter & Verse Advertising Agency Marketing & Advertising
-
Action Legal Group, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.02M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.55M
Owner & transaction history
Dvp Tower Holdings LLC · 4 yrs held
Dvp Tower Holdings LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.1M
+87.2%
Commercial (general)
$6.4M
+46.9%
Restaurant
$5.2M
+21.0%
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%
$5,435,000
6.5%
$5,020,000
7%
$4,660,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,330,000
Current use
OFFICE BUILDING
$8,105,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,360,000
Change: +47% · Conversion: Difficult
RESTAURANT
$5,240,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$4,610,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,410,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$4,080,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.55M
Range $5.00M – $6.11M · ±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
$109 / 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
$356,931
Tax year 2023
Assessed value
$36,605,040
Assessed 2024
Previous assessed
$20,423,140
+79.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,161,640
Assessed improvement
$35,443,400
Land market value
$1,161,640
Improvement market value
$35,443,400
Total market value
$36,605,040
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
Hotels
Use group
HOTEL/MOTEL
Status
For Lease
Year built
2006
Heating
NONE
Cooling
YES
Stories
21
Total area
50,869 SF
Lot
0.61 ac (26,401 SF)
APN
35192.0804
UPID
US90-1637097
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
HOTEL/MOTEL Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$6.4M
RESTAURANT
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES
Est. value
$4.1M
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Cooling
Yes
Stories
21
Lot
0.61 ac
Current owner
From public records · entity-resolved
Dvp Tower Holdings LLC
Entity
Mailing address
100 SAINT PAUL ST STE #800, DENVER, CO 80206-5144
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Dvp Tower Holdings LLC
Davenport Tower LLC
Bargain And Sale Deed
$230,000,000 · Wells Fargo Bank NA
May 21, 2014
—
Davenport Tower LLC
Worthy Ents LLC
Warranty Deed
—
Dec 14, 2009
—
Davenport 2000 LLC
Worthy,walter B & Karen L
Quit Claim Deed
related
—
Aug 23, 2004
$1,000,000
Walter B Worthy
Metropolitan Mtg & Secs Co INC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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