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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Bars & Pubs
114 Lk St, Medical Lake, WA 99022
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0259946
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,256 SF
Lot
0.13 ac (5,456 SF)
APN
14184.2904
UPID
US90-0259946
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
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$416k
Blend (final)
Blend
$630k
Owner & transaction history
El Ixtapa Restaurant LLC · 1 yrs held
El Ixtapa Restaurant LLC
since 2024
Last sale
$629,995
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+12.9%
Medical building
$775,000
+7.3%
Retail stores
$750,000
+3.9%
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 Medical Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medical Lake 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
$630,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$720,000
Current use
OFFICE BUILDING
$815,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$645,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $630k (Sep 20 2024)
Last sale anchor
$630k
Sep 20 2024
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
$193 / 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
$3,217
Tax year 2023
Assessed value
$382,930
Assessed 2024
Previous assessed
$382,930
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$17,730
Assessed improvement
$365,200
Land market value
$17,730
Improvement market value
$365,200
Total market value
$382,930
Applied tax rate
160.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
3,256 SF
Lot
0.13 ac (5,456 SF)
APN
14184.2904
UPID
US90-0259946
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
RESTAURANT Current
Est. value
$720,000
OFFICE BUILDING
Est. value
$815,000
MEDICAL BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1904
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
El Ixtapa Restaurant LLC
Entity
Mailing address
22022 W PO BOX 820TH RD, MEDICAL LAKE, WA 99022-0820
Ownership since
2024
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
Sep 20, 2024
$629,995
El Ixtapa Restaurant LLC
Heather C Swoom
Warranty Deed
$504,000 · Banner Bank
Apr 15, 2022
$450,000
James E Johnson
Mark E Fischer
Warranty Deed
—
Nov 28, 2018
$300,000
Mark E Fischer
Thompson,eric L
Warranty Deed
$300,000 · Leslie Smith
Apr 1, 2009
$119,262
Eric L Thompson
Mahoney James L
Warranty Deed
$135,000 · Mahoney James L (es)
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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