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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Sports & entertainment properties
112 1st Ave Spokane, WA 99202-1541
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0262138
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,486 SF
Lot
1.03 ac (45,000 SF)
APN
35202.0934
UPID
US90-0262138
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
-
Garden's Best Consultant
-
Kingdom Christian Academy High School Vocational School
-
Gayle Bryant Crisis Center Medical Clinic
-
Nicholas Sironka Counselor
-
Hallie Burchinal Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Waymaker Properties LLC · 5 yrs held
Waymaker Properties LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+86.9%
Auto repair, garage
$2.3M
+78.7%
Commercial (general)
$2.0M
+58.8%
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
$2,135,000
ML approach
$2,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,270,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,370,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,265,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,015,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +54% · Conversion: Difficult
RESTAURANT
$1,875,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$1,700,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,405,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.50M (May 28 2021)
Last sale anchor
$1.50M
May 28 2021
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
$101 / 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
$13,820
Tax year 2023
Assessed value
$1,416,100
Assessed 2024
Previous assessed
$1,177,600
+20.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$405,000
Assessed improvement
$1,011,100
Land market value
$405,000
Improvement market value
$1,011,100
Total market value
$1,416,100
Applied tax rate
14.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
0
Total area
15,486 SF
Lot
1.03 ac (45,000 SF)
APN
35202.0934
UPID
US90-0262138
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.4M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
0
Lot
1.03 ac
Current owner
From public records · entity-resolved
Waymaker Properties LLC
Entity
Mailing address
14205 SE 36TH ST STE #100, BELLEVUE, WA 98006-1553
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$1,500,000
Waymaker Properties LLC
Healing Rooms Ministries
Warranty Deed
$900,000 · Banner Bank
Apr 5, 2018
—
Healing Rooms Ministries
—
Deed
related
$600,000 · Friends/healing Rooms Ministri
Feb 13, 2018
—
Healing Rooms Ministries
—
Deed
related
$450,000 · Friends/healing Rooms Ministri
Jun 15, 2017
—
Healing Rooms Ministries
—
Deed
related
$249,999 · Spokane Teachers Cu
Oct 24, 2001
$816,750
Healing Rooms Ministries
Freeman-wolff
Grant Deed
$660,000 · Us Bank NA
—
—
Healing Rooms Ministries
—
Deed Of Trust
related
$249,999 · Spokane Teachers Cu
—
—
Healing Rooms Ministries
—
Loan Modification
related
$600,000 · Friends/healing Rooms Ministri
—
—
Healing Rooms Ministries
—
Deed Of Trust
related
$450,000 · Friends/healing Rooms Ministri
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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