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Property profile & analytics
OFF-MARKET
Estimated value
$4,330,000
Warehouses
11515 Market St Mead, WA 99021-9561
Entity Owned
~
Est. High Equity
Property ID
US90-2047746
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
8,640 SF
Lot
3.01 ac (131,061 SF)
APN
36104.9098
UPID
US90-2047746
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
$4.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$4.33M
Owner & transaction history
Vb Acquisitions LLC
Vb Acquisitions LLC
since 2026
Last sale
$5.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.5M
+241.6%
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 Mead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mead 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
$4,260,000
ML approach
$4,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,535,000
Change: +242% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.90M – $4.76M · ±10% · vs last sale $5.20M (May 25 2022)
Last sale anchor
$5.20M
May 25 2022
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
$501 / 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
$35,873
Tax year 2023
Assessed value
$3,820,280
Assessed 2024
Previous assessed
$3,325,320
+14.9% YoY
Effective rate
0.94%
On assessed value
Assessed land
$393,180
Assessed improvement
$3,427,100
Land market value
$393,180
Improvement market value
$3,427,100
Total market value
$3,820,280
Applied tax rate
1,280.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
NONE
Buildings
7
Stories
1
Bathrooms
2
Total area
8,640 SF
Lot
3.01 ac (131,061 SF)
APN
36104.9098
UPID
US90-2047746
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
2
Lot
3.01 ac
Current owner
From public records · entity-resolved
Vb Acquisitions LLC
Entity
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
—
Vb S1 Assets LLC
—
Deed
related
$102,711 · Deutsche Bank Trust Co Americas
Feb 9, 2026
—
Vb Acquisitions LLC
Cellco Partnership
Deed
—
May 25, 2022
$5,200,000
Cp Mead LLC
Keylock Storage Market LLC
Warranty Deed
$3,700,000 · California Bank Of Commerce
Jan 6, 2020
—
Keylock Storage Market LLC
—
Deed
related
$2,505,000 · Numerica Cu
Dec 2, 2019
$3,340,000
Keyleck Storage Market LLC
Mead Mini-storage LLC
Warranty Deed
—
Oct 21, 1999
—
Mead Mini-storage LLC
Sullivan,george M & Carol A
Grant Deed
related
—
May 1, 1998
—
Fettig Family LP
Fettig,h M & Barbara A
Quit Claim Deed
related
—
Apr 30, 1998
$175,000
George M Sullivan
Fettig Family LP
Grant Deed
—
—
—
Keylock Storage Market LLC
—
Deed Of Trust
related
$2,505,000 · Numerica Cu
—
—
Mead Mini-storage LLC
—
Deed Of Trust
related
$550,000 · Banner Bank
—
—
Mead Mini-storage LLC
—
Deed Of Trust
related
$543,050 · Bank Of Fairfield
—
—
Mead Mini-storage LLC
—
Deed Of Trust
related
$545,000 · Banner Bank
—
—
George M Sullivan
—
Deed Of Trust
related
$707,785 · 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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