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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Hotels
115 Wn Riv Dr Spokane, WA 99201-2253
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1581257
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
67,325 SF
Lot
1.29 ac (56,112 SF)
APN
35184.0092
UPID
US90-1581257
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
$3.27M
Blend (final)
Blend
$3.78M
Owner & transaction history
Curtis A Baney · 2 yrs held
Curtis A Baney
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+6.5%
Auto repair, garage
$5.8M
+1.9%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,730,000
Current use
MEDICAL BUILDING
$6,105,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,840,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$5,405,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±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
$56 / 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
$86,894
Tax year 2023
Assessed value
$8,910,480
Assessed 2024
Previous assessed
$8,910,480
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,543,080
Assessed improvement
$7,367,400
Land market value
$1,543,080
Improvement market value
$7,367,400
Total market value
$8,910,480
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
Status
Off-Market
Year built
2001
Heating
NONE
Stories
5
Units
126
Total area
67,325 SF
Lot
1.29 ac (56,112 SF)
APN
35184.0092
UPID
US90-1581257
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
$5.7M
MEDICAL BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES
Est. value
$5.4M
HOTEL/MOTEL Current
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
2001
Heating
NONE
Stories
5
Units
126
Lot
1.29 ac
Current owner
From public records · entity-resolved
Curtis A Baney
Individual
Free & Clear · 2 yrs held
Mailing address
475 NE BELLEVUE DR STE #210, BEND, OR 97701-7411
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
—
Curtis A Baney
—
Deed
related
$12,570,000 · Banner Bank
Jun 6, 2024
—
Curtis A Baney
Kim Baney
Re-recorded Document
related
—
May 28, 2024
—
Curtis A Baney
Kelsey Chamberlin
Warranty Deed
—
Feb 15, 2024
—
Curtis A Baney
Curtis A Baney
Intrafamily Transfer
related
—
Jan 21, 2014
—
Baney,curtis O Trust
Baney Curtis O Trust
Quit Claim Deed
related
—
Nov 9, 2000
—
Baney Trust
Barney Construction
Grant Deed
related
—
Jul 1, 1999
$925,000
Baney Corp
Pacific Security Co
Grant Deed
$740,000 · Seller
—
—
Baney Curtis O Trust
—
Deed Of Trust
related
$4,700,000 · Banner 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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